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Leonardo DRS pushes pause on IPO
Arlington-based Leonardo DRS Inc., a subsidiary of Italian defense contractor Leonardo SpA, is hitting the brakes on its initial public offering, its parent company announced Wednesday. No future IPO date was announced. The company attributed its decision to “adverse market conditions” that “did not allow an adequate valuation of DRS,” according to a news release. […][...]
Richmond cuts three of six casino proposals
Updated, March 25 The city of Richmond has rejected three of its six casino proposals. The Pamunkey Indian Tribe, Golden Nugget Hotels & Casinos and Wind Creek Hospitality are no longer in the running, the city confirmed Wednesday night. In late February, the city announced that six casino projects had been submitted for con[...]
AT&T inks $231M U.S. Treasury contract
AT&T Inc. announced Tuesday it has been awarded a $231 million contract from the U.S. Department of Treasury to modernize its voice and data networks and provide cybersecurity protections. The contract was landed by AT&T’s Public Sector organization, which is based in Fairfax County’s Oakton area. The 12-year contract was awarded through the General Service […]
SpaceLink establishes HQ in Tysons
Satellite telecommunications company SpaceLink, a subsidiary of Australian aerospace and defense contractor Electro Optic Systems, has established its headquarters in Tysons. SpaceLink is building a space relay network of satellites in medium Earth orbit that will provide secure, continuous, high-bandwidth communications between its clients’ low Earth orbit spacecraft and the ground. Clients could include commercial […][...]
Liberty University hires Alaska GOP chair
Liberty University has hired the Alaska Republican Party’s chairman, the Rev. Glenn Clary, for the newly created position of vice president of strategic partnerships and alliances, the Lynchburg-based Christian university announced Tuesday. Clary became chairman of Alaska’s state GOP in 2018. He also has worked as a [...]
Report: Snyder to purchase full control of Washington Football Team
Daniel Snyder is poised to purchase the remaining 40.5% of the Washington Football Team, which would give him full control of the NFL franchise, according to reporting by The New York Times on Wednesday. The Ashburn-based NFL’s team owners are expected to approve a waiver next week that would allow Snyder to take on an [&h[...]
U.Va.-Va. Tech researchers develop promising coronavirus vaccines
Athletic rivals Virginia Tech and the University of Virginia are working together on two new coronavirus vaccines, and their research has shown early promise in protecting people from existing and future variants of COVID-19, according to the universities. Created by U.Va. Health Professor Steven L. Zeichner and Virginia Tech Di[...]
New Arlington-based tech contractor names chief financial officer
Two Six Technologies Inc., a new national security technology provider based in Arlington, announced Wednesday it has hired Bob Kwaja as chief financial officer. The company was formed in February after an affiliate of global investment firm The Carlyle Group acquired IST Research and Two Six Labs. Among Two Six TechnologiesR[...]
Northrop Grumman wins missile defense contract worth up to $3.9B
Falls Church-based Northrop Grumman Corp. and partner Raytheon Missiles & Defense were awarded a Missile Defense Agency contract worth up to $3.93 billion to perform work on the U.S. ballistic missile defense system, the agency announced Tuesday. Part of an award of $1.6 billion in contracts through fiscal year 2022 to Northrop Grumman and Bethesda, […]
Omnispace, Lockheed Martin join forces for space-based 5G network
Tysons-based satellite telecommunications company Omnispace LLC has entered into a strategic alliance with Lockheed Martin Corp. to explore jointly developing a space-based 5G global network. “Omnispace is fully committed to the vision of creating a new global communications platform that powers 5G connectivity directly to[...]
Parsons Corp. lands $12.6B IT defense contract
Centreville-based defense contractor Parsons Corp. announced Tuesday that it has landed a 10-year information technology contract from the Defense Intelligence Agency worth a potential $12.6 billion. Under the Solutions for Information Technology Enterprise III (SITE III) contract. Parsons will deliver strategic, technical and program management guidance and support services to facilitate the operations and modernization […][...]
Dominion Energy’s Tom Farrell to retire from Altria board
Dominion Energy Inc. Executive Chair Thomas F. Farrell II is retiring from Altria Group Inc.’s board of directors, which he has chaired since April 2020. Farrell has served on the Henrico County-based tobacco product manufacturer’s board of directors since 2008. He will retire from the Altria board when his term ends in [...]
