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BAE Systems receives $493M Army contract
Falls Church-based BAE Systems Inc. has received a $493 million U.S. Army contract to produce M109A7 self-propelled howitzers and M992A3 ammunition carriers, the U.S. arm of British defense giant BAE Systems plc announced Aug. 2. The contract’s production and deliveries are scheduled between August 2025 and July 2026. The M109[...]
Boeing names Ortberg as new president and CEO
Updated Aug. 1 Boeing’s board of directors announced Wednesday that Robert K. “Kelly” Ortberg will be its next president and CEO effective Aug. 8, succeeding Dave Calhoun, who previously announced his intention to step down after a turbulent, nearly four-year tenure as the Arlington County Fortune 500 aerospace[...]
Big deals
These economic development announcements were some of the largest in Virginia for 2023 and the first half of 2024: CENTRAL VIRGINIA Chesterfield County: In April, the offices of U.S. Sens. Tim Kaine and Mark Warner and U.S. Rep. Jennifer McClellan announced that Danish electrolyzer manufacturer Topsoe plans to build a $400 milli[...]
Micron expects to expand Manassas facility soon
Bolstered by hundreds of millions of dollars in state and federal funding, semiconductor manufacturing in Northern Virginia soon will be expanding. In May, Idaho-based Micron Technology applied for federal funding through the 2022 CHIPS and Science Act, which allocated more than $52 billion in subsidies for domestic companies re[...]
For The Record August 2024
CENTRAL VIRGINIA Tobacco giant Altria Group, headquartered in Henrico County, will be allowed to market four different menthol-flavored e-cigarettes, the U.S. Food and Drug Administration said June 21. The announcement came two months after the Biden administration controversially delayed a decision on banning menthol cigarette sales. Marketed under Altria’s NJOY brand, the products are the […][...]
Appeals court reverses $2B judgment for Appian
The corporate espionage civil case between rivals Appian and Pegasystems is heading back to court, the Virginia Court of Appeals ruled Tuesday. The three-judge panel ordered a new trial, saying that Appian was improperly relieved of the burden of proving that Pega financially benefited from misappropriating Appian’s trade [...]
Leidos wins $823M task order
The U.S. Defense Information Systems Agency (DISA) has awarded Leidos an $823 million task order to provide operations and sustainment for the Department of Defense Network program (DoDNet), the Reston-based Fortune 500 federal contractor announced Monday. In 2022, DISA, which provides information technology and communications s[...]
Leidos names first chief AI officer
Leidos has named Ron Keesing its first chief AI officer, the Reston Fortune 500 contractor announced Tuesday. Keesing, who joined Leidos in 2004, has more than two decades of experience in artificial intelligence, machine learning and advanced analytics. His roles have included serving as founding director of the Leidos AI Acc[...]
Former Northrop Grumman CEO’s mansion sells for $9.95M
Former Northrop Grumman Chairman and CEO Wes Bush and his wife, Natalie, sold their McLean mansion June 28 for $9.95 million, according to Fairfax County records. Steven A. Sigsbury, an attorney with the Cochran Law Group in Tysons, is listed as the buyer of 903 Turkey Run Road and Baldy’s Bait and Tackle Trust is […]
Raytheon gets $325M boost to StormBreaker contract
The U.S. Department of Defense has increased the ceiling of an existing U.S. Air Force contract held by Arlington County’s Raytheon, a subsidiary of Fortune 500 defense contractor RTX, by $325 million, the Department of Defense announced Friday. The contract, under which Raytheon is producing StormBreaker Increment II small-diameter glide bombs for fighter jets, has been […]
Herndon’s Akima wins $480M Space Force contract
The U.S. Department of Defense has awarded Five Rivers Analytics, a subsidiary of Herndon-based government contractor Akima, an indefinite-delivery, indefinite-quantity contract worth up to $480 million over 10 years, Akima announced last week. Based in Colorado, Five Rivers Analytics provides classified IT and mission support s[...]
DataBank to add leased data center to Ashburn campus
DataBank, a Texas provider of data center, cloud, and interconnection services, has signed a lease on a data center currently under construction on Red Rum Drive in Ashburn by GI Partners, the California investment firm announced Thursday. Two other data center buildings are already located on Red Rum Drive. One is owned by Da[...]
