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Snyder, Harris reach agreement on Washington Commanders sale
Washington Commanders owner Dan Snyder has reached an agreement for the reported $6 billion sale of the Ashburn-based NFL team to a group led by Bethesda, Maryland-based billionaire Josh Harris. News of the sale was posted on the team’s website and on Twitter Friday afternoon. “We are very pleased to have reached an [...]
ASRC Federal closes $350M purchase of SAIC logistics biz
The $350 million cash sale of Science Applications International Corp. (SAIC)’s logistics and supply chain management business to ASRC Federal Holding Company LLC is complete, the Reston-based companies announced Monday. ASRC and Fortune 500 tech contractor SAIC first announced the deal in March. With the sale’s completion, 240 SAIC employees transitioned to ASRC Federal. “We […]
Boeing reaches $40B deal with Ryanair
Irish air carrier Ryanair plans to order as many as 300 Boeing 737 MAX-10 aircraft from Arlington County-based Fortune 100 contractor Boeing Co. in a $40 billion deal, the two companies announced Tuesday. Subject to approval by Ryanair’s stockholders, the deal includes a firm order from the airline for 150 aircraft and an opti[...]
IT contractor to add 90 jobs in Fairfax
Reston-based Dev Technology Group will invest $366,000 to expand in Fairfax County, adding 90 jobs, Gov. Glenn Youngkin announced Monday. The investment includes 10,000 square feet of additional office space. Founded in 1998, Dev Technology Group provides IT services to the federal government, including the Department of Homeland Security, the Commodity Futures Trading Commission, multiple […][...]
GMU biz school receives $50M bequest
George Mason University’s School of Business will be renamed for the late Donald G. Costello, a Loudoun County native and business owner who left the university $50 million in his will, GMU announced last week. The donation is the university’s largest individual gift in its 50-year history. Costello, who died in 2017[...]
Katie Cristol to lead Tysons development nonprofit
Arlington County Board of Supervisors member Katie Cristol will step down early to take a job as the first permanent CEO of the Tysons Community Alliance, the Tysons community development nonprofit announced Tuesday. Cristol will assume the role on July 5, relieving acting CEO Richard Bradley. In October 2022, the Tysons Communi[...]
OBITUARY: Remembering P. Wesley Foster Jr.
P. Wesley Foster Jr., who co-founded Chantilly-based Long & Foster Real Estate Cos., building it into one of the nation’s largest real estate brokerages, died March 17 at his Alexandria home. Foster and partner Henry Long started Long & Foster in 1968 in Fairfax. The pair met when Long toured a home Foster was showing [...]
May 2023 For the Record
Central Virginia More than 340 union workers went on strike at the AdvanSix Inc. chemical plant in Hopewell on April 6 over contract wage negotiations. The International Chemical Workers Union Council and the United Food and Commercial Workers Union accused the New Jersey-based chemical company of trying to divide union membership by offering pay raises […]
Old Town Business league to upgrade or dissolve
Carla Clarke credits Old Town Business (OTB) league with arranging events that bring new faces into Today’s Cargo, the jewelry and gift shop she co-owns on Alexandria’s King Street. “It’s bringing new people through your door,” says Clarke. The 40-year-old nonprofit business league champions Old Town’s business commu[...]
Pack your bags
Although hospitality in Northern Virginia is taking its time toward a full comeback, there are a few signs that the industry is bouncing back — chiefly midweek hotel bookings. Business travelers, the bread and butter of Washington, D.C.’s hospitality industry, are more likely to purchase last-minute plane tickets that cost m[...]
HII’s Mission Technologies receives $995M contract
Newport News-based Huntington Ingalls Industries Inc.’s Mission Technologies division has received a $995 million contract to advise and assist the U.S Air Forces in Europe-Air Forces Africa, the company announced Wednesday. The indefinite delivery, indefinite quantity, multiple-award contract has a one-year base and four one-year option periods. Under the contract, HII’s McLean-based Mission Technologies will […][...]
SAIC wins $889M defense contract
Reston-based Science Applications International Corp. (SAIC) has won an $889 million contract to develop and implement an information technology solution for the Defense Counterintelligence and Security Agency’s systems, SAIC announced Tuesday. As the prime contractor, SAIC will develop One IT, an enterprise IT solution with an adaptable infrastructure and customer support. The company’s work will […][...]
