Industries

For the Record - Northern Virginai, October 2010

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AES Corp., an Arlington-based energy company, bought Premier Power Limited of Northern Ireland for $160 million. Premier’s holdings will triple AES’ operating capacity in Northern Ireland to 1,868 MW. (Washington Business Journal)

NVR Inc., a Reston-based homebuilder, announced plans to undertake a $300 million repurchase of outstanding common stock. The effort is a continuation of a repurchase program begun in 1994. (PRNewswire)

SRA International Inc., an IT company based in Fairfax, received a five-year, $100 million contract from the Army to continue assisting in the scientific review of grant applications made to the Department of Defense for medical research programs. (Washington Business Journal)

STG Inc., an IT services provider based in Reston, signed a deal to move its headquarters to a 100,000-square-foot facility on Sunset Hills Road. The company will move into the new space by the end of 2011 under a 10-year lease. (Washington Business Journal)

Vangent Inc., an Arlington IT company, paid $65 million for a Warrenton IT contractor experienced in health-care technology, Buccaneer Computer Systems & Services Inc. Vangent made the move to strengthen its position in the government health-care market. (Washington Business Journal)

Virginia Commerce Bancorp Inc. of Arlington withdrew its public offering of $75 million in common stock, citing unfavorable market conditions. (Business Wire)

West Group sold a portfolio of Tysons Corner real estate to DLJ Real Estate Capital Partners. Cityline Partners, a DLJ subsidiary, will own and manage the 115-acre portfolio. Some West Group staffers will join Cityline to help manage the property. (Washington Business Journal)

 


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