Company News For the Record

For the Record - Northern Virginia, October 2013

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Arlington-based government contractor Alliant Techsystems has announced a $985 million offer to purchase of sporting-goods company Bushnell Outdoor Products.The deal for Kansas-based Bushnell allows ATK to focus more of its business on the growing sporting-goods market rather than the lagging defense industry, which has been the target of federal cutbacks.  (The Washington Post)

Cardinal Financial Corp. has signed an agreement to purchase United Financial Banking Cos., the holding company for Vienna-based The Business Bank, in a cash-and-stock deal valued at $51.7 million. The Tysons Corner-based company will pay $38.26 per share of United Financial.  (The Washington Post)

Falls Church-based CSC acquired Infochimps, a provider of big data platform-as-a-service for enterprise businesses and an open source innovator based in Austin, Texas. The acquisition will allow CSC to accelerate the development of its data services platform. Terms of the acquisition, which closed on Aug. 5, were not disclosed. (News release)

Fifty-six companies moving to or expanding in Loudoun County during the last fiscal year invested $466.9 million and created 1,645 jobs. In its annual report, the Loudoun County Department of Economic Development said the number of economic development “wins” from July 1, 2012, to June 30, 2013, represents an increase of 47 percent from the previous year. The department said four of its top 10 deals involved data centers: Corporate Offices Properties Trust, Digital Realty, RagingWire and Latysis. (VirginiaBusiness.com)

Science Applications International Corp.’s national security, health and engineering solutions business, named Leidos, will have its headquarters at Reston Town Center. The company signed a lease with Boston Properties for office space at 11951 and 11955 Freedom Drive. The spinoff was scheduled to take place in late September.  About 150 employees will occupy the space immediately, with another 450 moving in over time as renovations are completed.
(VirginiaBusiness.com)

The reopening of Springfield Mall as the Springfield Town Center has been pushed back to late 2014. Stephen Theriot, Vornado’s chief financial officer, said the company has “almost completed” its restaurant leasing, has a dozen “very important lead tenants” lined up for the mall shops and is more than 50 percent committed for the 450,000-square-foot shop section. Until recently, the mall, which was shuttered in July 2012 for its $225 million makeover, was slated to welcome its first customers by the middle of next year. (Washington Business Journal)

Vienna and Leesburg have made the list of CNN Money’s 2013 list of the “Best Places to Live” in the U.S. Vienna ranked third among the 50 communities of 10,000 to 50,000 people. Leesburg was 35th. The rankings are based on median family income, median home prices, job growth, school test scores, crime rates, commute times and other factors. The list shows Vienna with a population of nearly 16,300. Its median home price last year was $550,000. Leesburg was listed with a population of more than 46,000 and a median home price in 2012 of $322,500. (VirginiaBusiness.com)


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