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Leidos wins $1.5B Social Security Administration contracts
Leidos Inc. won two Social Security Administration IT task orders with a combined potential value of $1.5 billion, the Reston-based Fortune 500 contractor announced Monday. The task orders fall under the SSA’s IT Support Services Contract II. Under the indefinite delivery, indefinite quantity task orders, Leidos will provide software systems and infrastructure support for the […]
Navy awards Boeing subsidiary $463M contract
Fairfax-based Argon ST Inc. has received a $463 million Navy contract to procure and produce sensor components for fielding in manned and unmanned aircraft, the Pentagon announced Friday. Argon ST is a wholly owned subsidiary of Arlington-based aerospace contractor Boeing Co. Under the contract, Argon ST will procure various Multi-Intelligence Sensor Development (MISD) Sensor Suite […]
Report: Capital One cuts 1,100 jobs
According to a report Friday in Bloomberg, McLean-based Capital One Financial Corp. eliminated more than 1,100 technology positions this week. The McLean-based Fortune 500 banking company confirmed in a statement that it has cut jobs but declined to disclose how many and where. “These associates are located throughout our [...]
Babel Street acquires text analysis platform
Reston-based web and social media monitoring company Babel Street Inc. has completed its previously announced acquisition of text analytics platform Rosette. Financial terms of the transaction were not disclosed. Babel Street first announced the acquisition in November 2022. The company completed its purchase of the platform from Massachusetts-based BasisTech LLC at the end of December […]
Pavion acquires Mo. video security company
Chantilly-based technology firm Pavion, formerly Corbett Technology Solutions Inc. (CTSI), acquired Missouri-based Short Circuit Electronics Inc., Pavion announced last week. Financial terms of the transaction were not disclosed. Pavion is a portfolio company of Chicago-based private equity firm Wind Point Partners. The acquisition is Pavion’s 11th since it was acquired by Wind Point in June […][...]
Qmulos adds three execs
Chantilly-based tech company Qmulos has added three executives to its leadership team. Nick Jovanovic will serve as chief revenue officer, Theresa Feraren will serve as vice president of marketing and Russ Odom will serve as chief financial officer. Jovanovic comes to Qmulos with 20 years of experience working in enterprise data storage, cybersecurity, compliance and […]
Mary Washington hires admin/finance VP
The University of Mary Washington has hired Craig Erwin as vice president for administration and finance, effective Jan. 10. Erwin replaces Paul Messplay, who retires on Jan. 20. Erwin comes to UMW from Southwestern University, a private liberal arts college in Georgetown, Texas, where he was vice president for finance and admin[...]
Fredericksburg medical building sells for $6.85M
A medical office building in Fredericksburg sold for $6.85 million, Charlotte, North Carolina-based outpatient health care real estate firm Flagship Healthcare Properties LLC announced Wednesday. Built in 2007, the 16,483-square-foot medical office building is located at 1071 Care Way, adjacent to the 450-bed Mary Washington Hos[...]
10 Va. companies graduate VEDP export program
Ten Virginia companies are the latest to graduate from the Virginia Economic Development Partnership’s Virginia Leaders in Export Trade (VALET) program, which helps companies work on international export growth strategies, Gov. Glenn Youngkin announced this week. The two-year VALET program helps Virginia companies that have established domestic operations use international exporting as a growth strategy. […][...]
GTT Communications emerges from Chapter 11
McLean-based GTT Communications Inc. has completed its financial restructuring process and emerged from Chapter 11 cases, the telecommunications company announced Jan. 3. “The transformed company is repositioned to focus on providing customers with industry-leading managed network and cloud security services that leverage the company’s global Tier 1 IP network,” GTT wrote in a news release. […][...]
Nat’l Science Teaching Assoc.’s Arlington HQ sells for $14M
The Arlington headquarters of the National Science Teaching Association has sold for $14 million, CBRE announced Thursday. Washington, D.C.-based The Fortis Cos., a real estate development and investment company, purchased the 48,000-square-foot building at 1840 Wilson Blvd. The transaction also includes two on-site restaurants:[...]
VW America CEO named Autos Drive America chair
Pablo Di Si, the Herndon-based president and CEO of Volkswagen Group of America, has been elected chairman of Autos Drive America, a trade association that represents 12 international automakers with presences in the United States, Volkswagen announced Tuesday. Previously executive chair of Volkswagen’s South America regio[...]
