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To understand office vacancy rates in Northern Virginia, Art Greenberg, the Washington, D.C.-based vice chairman for tenant advisory firm Savills Inc., employs the turkey sandwich test. In short, he explains, today’s workers want an office building where they can walk a block or two and find a half-dozen places to get a turkey[...]
Electra.aero names new CEO
Electra.aero has named B. Marc Allen its new CEO, succeeding founder John S. Langford, who will remain chairman, the Manassas-based aviation startup announced Thursday. Allen spent the bulk of his career, nearly two decades, at Boeing, which is headquartered in Arlington County. Since 2020, he served as chief strategy officer an[...]
Serco wins $323M contract for Space Force base construction
Herndon-based technology and management contractor Serco Inc., a subsidiary of United Kingdom-based Serco PLC, has won a contract worth an estimated $323 million for construction work at the U.S. Space Force’s Pituffik Space Base in Greenland. Under the four-year U.S. Army Corps of Engineers contract, which Serco announced las[...]
V2X lands up to $747M Navy contract
V2X has received an up to $747 million U.S. Navy contract to maintain F-5 supersonic fighter jets used in military training exercises, the McLean-based Fortune 1000 aerospace and defense contractor announced Monday. Under the single-award, indefinite-delivery, indefinite-quantity contract, V2X will be responsible for providing c[...]
Alexandria Restaurant Partners promotes CFO
Nazia Millwala has been promoted to chief financial officer for the Alexandria Restaurant Partners, the restaurant operator announced Monday. Millwala joined ARP in January 2022 as the vice president of finance, and she helped restructure ARP’s financial framework. In her new role, she will lead the company’s finances and pe[...]
New CFO tapped for Maola Local Dairies
Chad Dubbe started work as the chief financial officer of Herndon-based Maola Local Dairies on Aug. 13, according to an announcement by the company, which is owned by the farmers of Maryland & Virginia Milk Producers Cooperative Association. Previously, Dubbe spent 15 years at Leprino Foods, a Colorado manufacturer of mozzar[...]
Leidos wins three contracts, worth up to $603M combined
Headquartered in Reston, Fortune 500 contractor Leidos announced last week it has won three government contracts — a $191 million Army contract, an up to $86 million National Geospatial-Intelligence Agency contract and an up to $326.5 million National Institutes of Health contract. Under the $191 million contract, Leidos will [...]
NoVa, Hampton Roads home sales rise in July
Home sales in Northern Virginia and Hampton Roads rose year-over-year in July, while inventory as measured by active listings rose year-over-year and month-over-month for both. Both regions also saw median sales prices rise from the previous year but drop from June prices. Northern Virginia July home sales in Northern Virginia r[...]
Four office buildings in Centreville sell for $39M
A portfolio composed of four office buildings in Centreville sold for $39.36 million, the buyer announced Monday. Located at 5860, 5870, 5875 and 5885 Trinity Parkway, the four buildings have almost 500,000 square feet of Class A commercial office space. Two six-story buildings, 5860 and 5870 Trinity Parkway, have nearly 152,000[...]
Mars to purchase Cheez-It, Pop-Tarts maker in $35.9B deal
Updated Aug. 16 McLean-based snack and pet care giant Mars announced Wednesday it has entered into a $35.9 billion, all-cash deal to purchase Kellanova, the maker of Cheez-It, Pop-Tarts, Pringles, Eggo and other food brands. Kellanova, created in October 2023 when Kellogg split into two companies, had 2023 net sales of more than[...]
Boeing lands $2.56B Air Force contract
Boeing has won a $2.56 billion U.S. Air Force contract for two rapid prototype E-7A airborne early warning and control (AEW&C) Wedgetail aircraft, the Arlington-based Fortune 500 aerospace and defense company announced Friday. The contract modification to a previously awarded undefinitized contract action includes life-cycle[...]
CGI Federal to acquire Vienna government contractor
CGI Federal, the U.S. arm of Montreal-based IT and professional services consultancy CGI, announced this week it plans to acquire Aeyon, a Vienna-based federal IT consulting firm. The purchase, for which terms were not disclosed, is expected to close by the end of September. With 725 employees, Aeyon has been owned by Enlighte[...]
