Industries

For the Record: Northern Virginia, July 2010

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Catch the Wind Ltd., a Manassas producer of laser wind sensors for power turbines, raised $5.1 million by selling 2.6 million shares of common stock in a private placement. Proceeds will be used for product development and sales and general corporate purposes. (Washington Business Journal)

Clarabridge Inc., a Reston provider of analytical software, secured $4.3 million in a mixed securities offering. The proceeds will be used for strategic expansions in sales, support and technology. (Business Wire)

Corporate Office Properties Trust, a Columbia, Md., real estate investment trust, will develop a business park in Springfield near Fort Belvoir and the headquarters for the National Geospatial Intelligence Agency, now under construction. Plans call for just under a million square feet of new buildings at the 15-acre park. (Washington Business Journal)

Orbital Sciences, a Dulles-based space services company, bought a spacecraft development and manufacturing unit from General Dynamics for $55 million in cash. The addition of the Gilbert, Ariz., facility will help Orbital’s position in the market for medium-class satellites. (The Washington Post)

Stanley Inc., an Arlington-based provider of IT services, agreed to a $903 million buyout by CGI Group Inc. of Montreal. The deal would boost CGI’s annual revenue to $1.2 billion. (Washington Business Journal)

Kalahari Resorts, a Wisconsin-based resort developer, received assistance from Virginia to locate a water park in Fredericksburg. The state will allocate $5 million in tax exempt bonds to help finance the project. The tax-free instruments will save the resort about $150,000 a year in interest.  (The Free Lance-Star)

The Silver Cos., a Fredericksburg-based developer, launched a commercial brokerage unit in order to move its business past development and investments and into the selling and leasing markets. (Washington Business Journal)

TASC Inc., a Chantilly engineering firm, received a five-year, $26 million contract, including options, from the Army for analytical tools for evaluating intelligence surveillance systems. (PRNewswire)


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