FOR THE RECORD - Northern Virginia, August 2010

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Altegrity, a Falls Church provider of security and screening services, primarily to federal clients, bought Kroll, the New York-based corporate intelligence arm of Marsh & McLennan Cos. for $1.1 billion cash. The move changes Altegrity from a U.S.-focused government contractor to a global provider of corporate and government security services. (The Washington Post)

The Boeing Co. plans to buy Argon ST for $775 million. Fairfax-based Argon ST is a developer of intelligence and surveillance sensors for government and military agencies. (News release)

KPMG LLP, an international audit and advisory company, is adding 375 workers to its McLean office. The firm received a $250,000 grant from Virginia to aid the expansion. Most of the jobs will be filled by transfers from the Washington, D.C., office. (Washington Business Journal)

Science Applications International Corp., a McLean-based IT services provider, may lay off 109 employees after the loss of a contract with the Defense Threat Reduction Agency. (Washington Business Journal)

After nearly 40 years in Northern Virginia, SLM Corp. is relocating its corporate headquarters from Reston to Delaware.  The student lender, better known as Sallie Mae, said in a news release that it plans to move to a site near Newark by March 31, 2011. A few hundred of the company’s 700 headquarters jobs are expected to remain in Reston.  (News release)

Westfields Marriott Washington Dulles Hotel has been named a AAA Four Diamond property for the 13th consecutive year. The award-winning conference property offers 324 rooms and 40,000 square feet of meeting space. (News release)

Northrop Grumman Corp. has authorized a $2 billion stock repurchase, about 11 percent of the company’s market value. Now based in Los Angeles, the company plans to move its headquarters to Northern Virginia. (Washington Business Journal)

The Truland Group of Reston bought Walker Seal Electric Co. of Fairfax. The move allows Truland to enhance its position as a leading designer and builder of electrical systems for the mass transit market. (News release)


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