Sign In
Free Newsletter
Rolls-Royce North America names new CEO
Rolls Royce plc has named Adam Riddle as the new chairman and CEO of its Reston-based North American branch, as well as president of its defense division, effective immediately. He succeeds Thomas Bell, who recently was hired to lead Leidos. Riddle, a former Army officer and Boeing Co. executive, has been with Rolls-Royce’[...]
Mars to acquire Colorado pet care company for $1.2B
McLean-based global candy and pet food manufacturer Mars Inc. has entered into a definitive agreement to acquire Loveland, Colorado-based veterinary diagnostic and specialty product provider Heska Corp. in a deal valued at $1.2 billion, or $120 per share, the companies announced Monday. Heska will join Mars Petcare, expanding its science and diagnostics division. “This transaction […]
Raytheon receives $1.2B missile contract
Arlington County-based Raytheon Technologies Corp. will produce its Patriot missile systems for Switzerland under a $1.2 billion U.S. Army foreign military sales contract. The contract, announced by the Pentagon March 28, includes five Patriot units as well as the company’s Guidance Enhanced Missile, or GEM-T, a Patriot missile variant used to defeat tactical ballistic missiles, […]
April 2023 For The Record
CENTRAL VIRGINIA Henrico County-based Altria Group Inc. has entered into a definitive agreement to acquire e-vapor maker NJOY Holdings Inc. for approximately $2.75 billion in cash, with a potential additional $500 million in payments, Altria announced March 6. Part of the deal’s funding will come from an expected $1.7 billion payment plus interest from Philip […]
Amazon delays HQ2 phase two
Amazon.com Inc. is delaying construction on the second phase of HQ2, its $2.5 billion East Coast headquarters in Arlington County. The news comes as Amazon plans to open HQ2’s first phase, Metropolitan Park, in June, and as the Fortune Global 500 tech company laid off a record 18,000 workers amid concerns over slowing reven[...]
SAIC hires SVP of Navy unit
Barbara Graham has been hired as senior vice president of Reston-based Fortune 500 federal contractor Science Applications International Corp.’s Navy business unit, SAIC announced Wednesday. Graham, who started Tuesday, will oversee the $1 billion SAIC unit, which serves U.S. Navy and Marine Corps customers. She reports to Bob[...]
Vienna digital development firm acquires health tech company
Vienna-based digital development company 10Pearls has acquired Inspirant Group, a health care strategy consulting firm based just outside Chicago, 10Pearls announced Monday. Financial terms of the transaction were not disclosed. “We are delighted to welcome Inspirant Group to our team at 10Pearls. … The combination of our two teams will allow us to partner with […]
ESPN: Snyders receive two $6B bids for Commanders
Updated 2 p.m. March 28 ESPN reporter Adam Schefter reported Tuesday that a group of investors led by Josh Harris and Mitchell Rales and including NBA legend Magic Johnson has submitted a $6 billion bid for the Washington Commanders, meeting the asking price of team owner Dan Snyder. Later in the day, Schefter tweeted that [&hel[...]
Amazon housing fund director resigns
Amazon.com Inc.’s Amazon Housing Equity Fund Director Catherine Buell is leaving the e-tail giant. Housing Equity Fund Principal Senthil Sankaran will be the interim head of the fund team, according to an Amazon spokesperson. Buell joined Amazon in 2020 as head of community development for Amazon in the Community and became di[...]
ASRC Federal to pay $350M for SAIC’s logistics biz
Reston-based Science Applications International Corp. (SAIC) has agreed to sell its logistics and supply chain management business to Reston-based ASRC Federal Holding Company LLC for $350 million in cash, both companies announced Thursday. About 240 SAIC employees will transition to ASRC Federal upon completion of the deal, which is expected to close in spring 2023. […]
GDIT lands $1.8B Army flight sim contract
Falls Church-based General Dynamics Information Technology Inc. will provide flight simulation training services to the Army under a nearly $1.8 billion contract announced, the Pentagon announced Thursday. Work is estimated to be completed March 31, 2035, with locations and funding to be determined with each order. Also on Thursday, GDIT announced it received two contracts […]
Graham to be chair emeritus of Graham Holdings
Donald E. Graham, majority owner of Arlington County-based Graham Holdings Co. and former publisher of The Washington Post, announced Thursday he would step down as chairman of Graham Holdings, although he plans to remain on the board as chair emeritus starting in May. Longtime board member Anne Mulcahy, former chair and CEO of [...]
