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August NoVa home price growth outpaces national rate
Home prices grew faster in Northern Virginia than nationally in August, according to a Northern Virginia Association of Realtors report released Monday. The Northern Virginia market also had lower inventory than the nationwide market, but sales declined in both markets. “Despite mortgage rate increases, demand for housing is o[...]
Two NoVa companies receive $1.5B DOD tech contract
Two Northern Virginia-based federal contractors have received a five-year contract valued up to $1.5 billion to provide analytic and technical support services to the Department of Defense’s administrative and management organization. Falls Church-based Analytic Services, known as ANSER, and Alexandria-based Systems Planning & Analysis, known as SPA, will provide acquisition and sustainment, portfolio management, engineering [...]
Arlington drone company closes deal on AI robotics co.
Arlington County-based AeroVironment, a defense contractor that manufactures unmanned aircraft, has completed its $120 million acquisition of Melbourne, Florida-based Tomahawk Robotics, the company announced Sept. 18. Tomahawk develops AI-enabled robotic control and integrated communications systems, including its flagship syste[...]
Kaine, Warner announce $100M for rail bridge in NoVa
U.S. Sens. Mark R. Warner and Tim Kaine announced $100 million in federal funds Thursday for the Virginia Passenger Rail Authority to build a rail bridge to ease congestion along a busy stretch of railway in Fairfax County. The money will go toward design and construction of the Franconia-Springfield Bypass, a bridge that will allow Amtrak […]
Data centers added $54.2B to Va. GDP over five years
The data center industry contributed $54.2 billion to Virginia’s gross domestic product from 2017 to 2021, according to a PricewaterhouseCoopers study released Tuesday. That calculation includes indirect impacts from other businesses as part of the data center industry supply chain and induced impacts resulting from househ[...]
GDIT names new chief growth officer
Falls Church-based General Dynamics Information Technology has named Paul Tartaglione as its new chief growth officer, the company, a subsidiary of Fortune 500 contractor General Dynamics, announced Monday. Tartaglione started in his new role Monday. He joined GDIT from McLean-based Fortune 500 management consultancy Booz Allen [...]
JK Moving hires talent development director
JK Moving Services has hired Carrie Haas as its director of talent development, the Sterling-based moving company announced Monday. Haas will lead training and talent development for JK Moving and its sister company, CapRelo, an employee relocation and assignment management firm. She will develop, coordinate and facilitate talen[...]
SAIC taps new chief innovation officer, chief of staff
Science Applications International Corp. (SAIC) has hired a new chief innovation officer as well as a new chief of staff to incoming CEO Toni Townes-Whitley, the Reston-based Fortune 500 federal contractor announced Thursday. Lauren Knausenberger, who will oversee the company’s innovation strategy across its solutions and services portfolio as chief innovation officer, comes from the […][...]
NoVa home prices increase, Hampton Roads sees inventory boost
Median home prices in Northern Virginia continue to increase, hitting $700,000 in August, an 11.6% percent increase over the previous year, according to the latest report from the Northern Virginia Association of Realtors. At the same time, year-over-year sales declined, decreasing 12.4% from August 2022, but month-over-month sales increased as the summer reaches its end. […]
Three Va. universities land on top patents list
Three Virginia research universities have made the National Academy of Inventors’ new list ranking the nation’s universities that were granted the most patents in 2022. The University of Virginia, Virginia Commonwealth University and George Mason University each made the list released Aug. 30, ranking 43rd, 86th and [...]
ManTech completes Definitive Logic acquisition
Herndon-based ManTech International has completed its acquisition of Arlington County-based Definitive Logic. ManTech provides technology solutions for U.S. defense, intelligence and federal civilian agencies. The company announced the completion of the deal, first announced Aug. 1, on Tuesday. Terms of the deal were not disclos[...]
Maximus fined by SEC for proxy, reporting violations
Tysons-based federal technology contractor Maximus will pay $500,000 in civil penalties to settle a charge that it failed to disclose it had employed the siblings of one of its executive officers. According to a settlement announced by the U.S. Securities and Exchange Commission Monday, Maximus appointed a business segment leader and longtime employee as an […]
