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Boeing receives $2.3B Air Force contract for tanker aircraft
Arlington County-based Boeing has received a $2.3 billion contract to build 15 more KC-46A Pegasus tankers for the Air Force. The Pentagon announced the award for production lot 10 of the tankers Tuesday. Boeing has 153 of the aerial refuelers under contract globally and has delivered 76 to the Air Force and two to Japan, [&hell[...]
HII’s Mission Technologies names new CIO
Newport News-based Huntington Ingalls Industries has named Marc Sosa as chief information officer for its McLean-based Mission Technologies division, the Fortune 500 contractor announced Thursday. Sosa will be responsible for all aspects of information technology, including guiding the division’s day-to-day leadership of �[...]
Warner condemns FBI HQ site selection as ‘corrupt’
U.S. Sen. Mark Warner said Nov. 9 that the General Services Administration’s selection of Greenbelt, Maryland, instead of Fairfax County for the new FBI headquarters was a “corrupt” process, and that he expected better from the Biden administration. Warner’s comments followed an email that day from FBI Director C[...]
HII division to boost intel sharing for Five Eyes alliance
Huntington Ingalls Industries’ McLean-based Mission Technologies division has received a three-year contract to provide information sharing capabilities between the Five Eyes intelligence alliance. Newport News-based HII announced the award Nov. 21; information about the award was not disclosed. The Pegasus contract is administrated by the Secretary of the Air Force’s Concept, Development and Management Mission […][...]
Electra’s hybrid prototype aircraft takes first flight
This story was updated Dec. 1. A Manassas aircraft manufacturer that’s developing an electric short takeoff and landing (eSTOL) aircraft logged a significant milestone Nov. 19 when it completed its first hybrid-electric flight. Electra’s EL-2 Goldfinch took off from Manassas Regional Airport and flew 23 minutes, reac[...]
Amazon HQ2 impact on housing market short-lived, report says
The June opening of Amazon.com’s $2.5 billion East Coast headquarters in Arlington County only had a short-lived impact on home prices, and it’s hard to pinpoint HQ2’s direct impact due to other factors affecting residential costs, according to a report released this month by Bright MLS Research. When Amazon an[...]
Private equity firm completes buy of Herndon’s Exostar
Arlington Capital Partners has completed its acquisition of Herndon-based cybersecurity company Exostar, the Chevy Chase, Maryland-based private equity firm announced Monday. The deal was announced in September, and financial terms were not disclosed. It comes a little more than three years after Exostar was acquired by Chicago-[...]
Mars to acquire British chocolatier for $662M
A subsidiary of McLean-based international candy and pet food manufacturer Mars, the largest privately held company in Virginia, has agreed to acquire Britain’s Hotel Chocolat for $662 million, Mars announced Thursday. Bidco, a wholly-owned subsidiary of Mars, will acquire Britain’s largest chocolate maker in a cash [...]
Warner condemns FBI HQ site selection in Md. as ‘corrupt’
U.S. Sen. Mark Warner said Thursday that the FBI headquarters site selection — choosing Greenbelt, Maryland, over Springfield — was “corrupt” and that he expected better from the Biden administration. Warner’s comments followed a Thursday morning email by FBI director Christopher Wray to the agency’s [...]
McLean tech firm Pangiam to sell to BigBear.ai for $70M
Columbia, Maryland-based BigBear.ai Holdings is acquiring Pangiam Intermediate Holdings, a McLean-based facial recognition and biometrics solutions provider for the trade, travel and digital identification industries, in a $70 million, all-stock deal, BigBear announced Monday. The move will combine Pangiam’s technologies with BigBear.ai’s computer vision capabilities and allow BigBear.ai to expand its customer base and offer[...]
Bain Capital affiliate to acquire Guidehouse for $5.3B
Guidehouse has entered into an agreement to be acquired by a Bain Capital Private Equity affiliate for $5.3 billion, the McLean-based consultancy announced Monday. The investment will support Guidehouse’s growth plans, the company said, and it will continue to operate under its current management team, which is led by Chai[...]
Brick Industry Association names new prez, CEO
The Reston-based Brick Industry Association has announced that Tricia Mauer will become its next president and CEO on Jan. 1, 2025. Mauer, who has served as the association’s vice president of membership and programs since 2016, will take over as chief operating officer for the organization on Jan. 1, 2024, and work in tha[...]
