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Guidehouse wins $250M hybrid Army contract
McLean-based consultancy Guidehouse has been awarded a $250 million hybrid contract from the U.S. Army for financial support services. The Department of Defense said bids for the hybrid firm-fixed-price and time-and-materials contract were solicited through the internet, and that two bids were received. Work locations and fundi[...]
MicroStrategy expects Q1 loss as bitcoin value falls
MicroStrategy appears to have lost the coin toss — the bitcoin toss, that is. The world’s largest corporate bitcoin investor, Tysons-based MicroStrategy reported an expected first quarter loss in a Securities and Exchange Commission filing on Monday due to the falling value of its holdings in the cryptocurrency. After [...]
CoStar shakes up board of directors
Arlington County-based real estate data and analytics company CoStar Group is making major changes to its board of directors and launching a committee to scrutinize its finances as part of an agreement it entered with New York hedge funds D. E. Shaw group and Third Point. As part of the terms of the agreement, which […]
Bechtel wins $242M contract modification for chemical weapons destruction
Reston-based Bechtel National has been awarded a $242.28 million contract modification from the U.S. Army to address past contract overruns associated with the Pueblo Chemical Agent-Destruction Pilot Plant in Colorado. The plant is a chemical weapons destruction facility that destroyed the chemical weapons stockpile previously s[...]
5 Virginia companies among 27 firms targeted by China for further trade constraints
BANGKOK (AP) — China announced Friday that it will impose a 34% tariff on imports of all U.S. products beginning April 10, part of a flurry of retaliatory measures following U.S. President Donald Trump’s “Liberation Day” slate of double-digit tariffs. The new tariff matches the rate of the U.S. “recipro[...]
HII division awarded $133M Air National Guard contract
Huntington Ingalls Industries’ McLean-based Mission Technologies division won a $133 million contract by the U.S. Air National Guard to support and provide training for flying units. HII, which made the announcement Wednesday, said this will be accomplished through live, virtual and constructive training in a 10-year task [...]
NoVa govcon firm Mitre to lay off 442 employees after DOGE cuts contracts
Federal contracting firm Mitre, which has dual headquarters in McLean and Massachusetts, expects to lay off 442 people in Virginia in two months. The cuts come after the Trump administration has announced more than $28 million in canceled contracts for the company. Mitre notified the state Wednesday of 442 job cuts in McLean, in[...]
Reston Limousine sold to Texas company
Dallas-based TBL Group, a transportation and logistics management acquisition company, has purchased Reston Limousine & Travel Service, a Sterling-based transportation company started in 1990. According to TBL’s website, the company will be known as Reston Transportation. Financial terms were not disclosed. Since its f[...]
DXC Technology names new chief procurement officer
Fortune 500 global IT company DXC Technology announced Wednesday that it has appointed Anders Lange as chief procurement officer. In the role, Lange will lead the Ashburn-based company’s global procurement function, where he will spearhead transformation initiatives, including expanding artificial intelligence adoption to [...]
Va. reports close to 300 layoffs across 3 bizs
A Fortune 500 federal contractor, a global aluminum company and a private school notified Virginia on March 31 of job cuts in compliance with the Worker Adjustment and Retraining Notification (WARN) Act. Leidos, which has its headquarters in Reston and provides technology, engineering and science services to defense, intelligenc[...]
AeroVironment stockholders approve $4B acquisition of BlueHalo
AeroVironment, an Arlington County-based defense contractor, announced Tuesday that its stockholders have approved the $4.1 billion purchase of Arlington aerospace and defense tech firm BlueHalo. The deal is expected to close in May. In November 2024, the company announced it was purchasing BlueHalo for approximately $4.1 billio[...]
AeroVironment subsidiary to deliver uncrewed vehicles to German Armed Forces
Arlington County-based defense contractor AeroVironment announced last week that its subsidiary Telerob was awarded “a significant contract” to deliver 41 large-sized advanced uncrewed ground vehicles to the German Federal Armed Forces, with initial deliveries scheduled for this summer and additional orders extending through[...]
