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Morgan Stanley expected to complete $13B E-Trade acquisition Friday
Morgan Stanley announced Thursday it has won regulatory approval and expects to complete its $13 billion acquisition of Arlington-based online brokerage E-Trade Financial Corp. on Friday. In late July, E-Trade announced that more than 99% of its stockholders had approved the acquisition, which will be one of the largest acquisitions of a local company in […]
Herndon company to buy N.C. crowdsourcing platform
Herndon-based MBO Partners, a network of independent consultants and contractors, announced Thursday it has agreed to acquire Durham, North Carolina-based crowdsourcing platform MindSumo. Terms of the transaction were not disclosed. MindSumo’s platform allows businesses to crowdsource ideas and insights by posting market research, innovation surveys and product development plans to a community of 500,000 people. […][...]
George Mason names new law school dean
George Mason University announced Thursday it has named Kenneth Randall as the new dean of its Antonin Scalia Law School in Arlington, effective Dec. 1, replacing Henry Butler. Randall previously served as dean of The University of Alabama’s law school for 20 years and as special counsel to UA President Robert Witt. During[...]
Parsons Corp. lands $45M contract from San Francisco transit system
Centreville-based Parsons Corp. announced Thursday that the Bay Area Rapid Transit District (BART) public transit system in San Francisco has awarded the company a $45 million contract to support the implementation of the largest communications-based train control system in North America. The CBTC system will improve passenger carrying capacity and provide repair for a safer, […]
Fairfax tech firm to develop immigration identify verification platform
U.S. Citizenship and Immigration Services (USCIS) has awarded Fairfax-based tech company Sevatec Inc. a $22.5 million task order to develop a modern authentication and identity proofing platform for mission delivery, the company announced Thursday. Under the Unrestricted GSA Alliant 2 task order, Sevatec will support mission delivery through a single platform that will provide secure […]
CACI wins $59M DOD comptroller task order
The Office of Under Secretary of Defense (Comptroller) awarded Arlington-based federal technology contractor CACI International Inc. a $59 million task order to support the Defense Finance and Accounting Service’s comptroller critical mission systems, the company announced Tuesday. The comptroller handles all budgetary and fiscal matters for the Department of Defense. Under the task order, CACI […][...]
LMI lands $50M DOD contract
The Department of Defense awarded Tysons-based government and defense consultancy LMI a $50 million contract to help manage various elements of logistics operation associated with both commercial and federal supply chains. LMI will support the transportation, maintenance, supply chain and contingency management aspects of DOD logistics for the assistant secretary of defense for sustainment, the […][...]
ODU launches School of Cybersecurity
Old Dominion University on Thursday became the first research university in the country to launch a cybersecurity school offering interdisciplinary degree programs for both undergraduate and graduate students. The university is expanding its existing Center for Cybersecurity Education and Research (CCSER) into the ODU School of Cybersecurity. The school will operate under ODU’s Office of […][...]
Mount-It! to invest $7.45M in Prince George operation
Gov. Ralph Northam announced Thursday that mounting solutions distributor Mount-It! will invest $7.45 million to establish its first East Coast warehouse and distribution facility in Prince George County, creating 85 jobs. Mount-It!, which provides more than 500 types of mounting products, will be located in the former Quality Way building in Prince George County. Virginia […]
Genworth’s $2.7B acquisition by Chinese company faces new hurdle
Henrico County-based Genworth Financial Inc. announced Thursday that China-based Oceanwide Holdings Group Co. Ltd. has reached an agreement with Hony Capital on the commercial terms and conditions of its $1.8 billion offshore financing plan to complete its acquisition of Genworth. However, Oceanwide has not reached a final agreement on all terms and conditions due to […]
GSA awards Northrop Grumman $690M task order
The U.S. General Services Administration (GSA) has awarded Falls Church-based Fortune 100 defense contractor Northrop Grumman Corp. a $690 million task order to develop a suite of data systems for the Defense Intelligence Agency (DIA). Under the contract awarded by the GSA’s Federal Systems Integration and Management Center (F[...]
General Dynamics lands $1.22B Army air defense contract
The U.S. Army awarded Reston-based Fortune 100 defense contractor General Dynamics Corp.’s land systems division a potential five-year, $1.22 billion contract to manufacture and test systems that are designed to destroy, neutralize or deter low-altitude aerial threats, the Department of Defense announced Wednesday. Under the c[...]
