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MacKenzie Scott pledges $15M to PATH Foundation
Billionaire philanthropist MacKenzie Scott has pledged $15 million to the Warrenton-based PATH Foundation, an organization that provides grants for health-focused organizations in Fauquier, Rappahannock and Culpeper counties, PATH announced Thursday. Scott, the billionaire ex-wife of Amazon.com Inc. founder Jeff Bezos, has made large donations to many nonprofits and universities, including in Virginia, over the past […][...]
Leidos receives $1.5B DOD task order
Reston-based Fortune 500 government contractor Leidos has received a task order valued up to $1.5 billion to support the Department of Defense with technology to enhance its Command, Control, Computers, Communications, Cyber, Intelligence, Surveillance and Reconnaissance (C5ISR) missions, the company announced Wednesday. Under the contract, Leidos will focus on the rapid insertion of technologies across […][...]
Leonardo DRS wins $579M Army contract
Arlington-based Leonardo DRS Inc. has received a five-year, $579 million contract to make the Army‘s next-generation thermal weapons sight, the company announced Monday. The company’s electro-optical infrared systems business will produce the device — a stand-alone, clip-on weapon sight that connects wirelessly to [...]
ASGN acquires D.C. cybersecurity firm
ASGN Inc., a Glen Allen-based Fortune 1000 provider of information technology and professional staffing services, has acquired Washington, D.C.-based Iron Vine Security LLC, a cybersecurity company that works with federal clients, ASGN announced Oct. 3. Financial details have not been publicly disclosed. Iron Vine and its team o[...]
DXC in talks with Asian buyout firm
DXC Technology Co. and Baring Private Equity Asia Ltd. are in talks after the Asian buyout firm approached the Ashburn-based Fortune 500 information technology services firm with a potential takeover, Bloomberg reported Tuesday. DXC has been working with advisers after receiving interest from a private equity firm in late Septe[...]
ManTech names new CEO, board after Carlyle buy
Now under the ownership of The Carlyle Group Inc., Herndon-based ManTech International Corp. has a new CEO and a new board of directors, the company announced Monday. Kevin Phillips will retire as CEO and president of the tech contractor and transition to chairman of the board of directors, and Chief Operating Officer Matt Tait [...]
D.C. sues bitcoin whale Michael Saylor for tax fraud
MicroStrategy Inc. founder Michael Saylor was sued in August by the city of Washington, D.C., which alleges that he defrauded the nation’s capital of more than $25 million in income taxes. The lawsuit argues that Saylor falsely claimed to reside in Virginia or Florida while instead living in a luxury Georgetown penthouse. [...]
COVID challenges continue for Va. restaurants
Liz Kincaid faced a major problem in August after the walk-in refrigerator in one of her Richmond restaurants — Max’s on Broad — broke. Her usual supplier told her the wait for the replacement part would take two months. “I have raw oysters and produce and fish and chicken,” recalled Kincaid. “I’[...]
Conways make $13M donation to VCU nursing school
McLean philanthropists Joanne and William E. Conway Jr. have given $13 million to Virginia Commonwealth University’s School of Nursing, the university announced Monday. The gift is the largest in the school’s history and will provide more than 1,000 undergraduate and doctoral students with scholarships over the next [...]
ECS Federal receives contract valued up to $429.5M
Fairfax-based ECS Federal LLC has received a contract valued up to $429.5 million from the Defense Information Systems Agency to improve security and reduce risk across the Army‘s computer networks, the Pentagon announced Friday. Work will be performed on behalf of the U.S. Army Network Enterprise Technology Command starting Sept. 29 through March 28, 2023, […]
RapidFlight to add 119 jobs at Manassas HQ
RapidFlight LLC, a designer and manufacturer of unmanned aircraft will invest $5.5 million to establish operations in Manassas, creating 119 jobs over the next three years, Gov. Glenn Youngkin announced Friday. RapidFlight is an integrated, end-to-end provider of airborne drones. Founded in 2021 by RapidFlight President Jay Gundlach, the company works for national security and […]
Raytheon wins $985M Air Force hypersonic missile contract
Raytheon Technologies Corp.’s missile and defense division has received the go-ahead from the Air Force to move beyond the prototype phase and continue development of a new hypersonic cruise missile weapon under a nearly $1 billion contract announced by the Pentagon Thursday. The Hypersonic Attack Cruise Missile is an air-[...]
