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NoVa distillery to expand, create 42 jobs
Prince William County-based MurLarkey Distilled Spirits will invest $8.1 million to move and expand its operations, with plans to create 42 new jobs over the next three years, Gov. Glenn Youngkin announced Thursday. MurLarkey will leave Bristow and establish a large new distillery and tasting room on the Manassas campus of Farm Brew Live, a […]
Guidehouse consolidates national security, defense segments
McLean-based Guidehouse is consolidating its national security and defense units, the global management consulting firm announced Monday. Ed Meehan, who has led the company’s defense unit, will become chief growth officer for Guidehouse. Meehan has worked in the public and commercial sectors, and has delivered digital tr[...]
Axios to be sold to Cox Enterprises for $525M
Axios Media Inc., the Arlington-based digital media company and news outlet, announced Monday it will be sold to investor Cox Enterprises Inc. for $525 million in a deal reached Sunday. The company is expected to reach $100 million in revenue this year, it says. According to Axios, its three co-founders — CEO Jim VandeHei, Pre[...]
Hilton will expand global HQ in Fairfax
Hilton Worldwide Holdings Inc. will expand its Fairfax County corporate headquarters, creating 350 jobs over the next five years, Gov. Glenn Youngkin announced Thursday. Over the next five years, the Fortune 1000 global hospitality company will add a variety of roles in areas created to support growth in the coming years, accord[...]
Rolls-Royce wins $854M Navy contract
Reston-based Rolls-Royce North America has received an $854.3 million contract from the Navy for engine repairs on C/KC-130 Hercules aircraft. The Pentagon announced the award Monday, naming Indianapolis-based Rolls-Royce Corp. as the recipient. Rolls-Royce Corp. falls under the British aerospace and defense company’s North American operations. Work involves depot level repairs to AE2100 D3 engines, […][...]
MicroStrategy CEO Michael Saylor to step down, become exec chair
Amid mounting losses from its multibillion-dollar bitcoin investments, MicroStrategy Inc. CEO and founder Michael Saylor is stepping down from his current role and will take on the position of executive chairman, the Tysons-based technology company announced Tuesday. The move is effective Aug. 8. MicroStrategy President Phong Le[...]
Greater Washington Partnership taps new CEO
The Greater Washington Partnership has named Kathy Hollinger as its new CEO, the economic development organization announced Tuesday. Hollinger is the president and CEO of the Restaurant Association of Metropolitan Washington, which she has led since 2012. She begins at GWP Oct. 3, according to a news release. “This region is [...]
Leidos buys Aussie special missions biz
Reston-based Fortune 500 federal contractor Leidos Holdings Inc. has entered into an agreement with British technology aerospace manufacturer Cobham Ltd. to purchase the special missions business from its Australia-based Cobham Aviation Services subsidiary, according to a news release. Financial details of the deal, which will a[...]
HII receives $826M defense contract
Newport News-based Huntington Ingalls Industries will provide technology and other support to the Department of Defense under a $826 million contract. According to a news release, HII’s McLean-based mission technologies division will also provide threat analysis and analytics support as well as operations integration and operational effects support. The work will support Defense Department service […][...]
Northrop Grumman receives $3.3B missile defense contract
Falls Church-based Northrop Grumman Corp. has received a contract worth nearly $3.3 billion from the Missile Defense Agency to help defend the homeland from ballistic missile threats. The Fortune 500 aerospace and defense contractor will design, develop and sustain new capabilities for the next Ground-based Midcourse Defense Wea[...]
Two HBCUs eye region for satellite campus
Northern Virginia economic development officials are working with Virginia’s two public historically Black colleges and universities (HBCUs) to establish a joint satellite campus in the region that officials say would fill a gap in higher-ed offerings in Virginia’s largest population center. The presidents of Virginia State [...]
First National Bank to expand in NoVa, Richmond
FNB Corp., parent company of First National Bank, announced Wednesday it will expand its presence in Virginia, particularly in the Northern Virginia area. According to a news release, FNB expects to add four branches in Reston and Arlington by 2024, in addition to seven currently operating in the greater Washington, D.C., area. [...]
