Regions Northern Virginia

For the Record:  Northern Virginia - May 2010

  •  | 
Print this page

CACI International Inc. received a $31 million contract from the Defense Department to assist defense agencies in modernization of their financial systems and for training employees in the new systems. (Washington Business Journal)

Five Guys Burgers and Fries was ranked as the fastest-growing restaurant chain in the nation by consulting firm Technomic. Since opening its first store in Arlington in 1986, the chain has grown to 550 locations in 35 states with $453 million in sales in 2009, a 50 percent jump over 2008. (Washington Business Journal)

Gannett Co. Inc., a McLean-based media company, lifted a wage freeze it put into place April 1, 2009. Gannett plans to resume review-based raises. (Washington Business Journal)

George Mason University will expand its Mason Enterprise Center, a small business incubator, to Woodbridge. Services will include seminars, a mentor-protégé program and procurement technical assistance. (News release)

ManTech International Corp., a Fairfax technology company, received a 10-year, $160 million contract, including options, as prime contractor for system engineering and integration services for the Air Force’s Launch and Range Systems Wing. (Washington Business Journal)

Millennium Bankshares Corp. of Sterling instituted a 1-for-50 stock split. The bank’s 8.93 million shares were reduced to about 178,000, and the stock price rose from 18 cents to $9. (Washington Business Journal)

Orbital Sciences Inc., a Dulles-based provider of satellite launch services, bought GD Advanced Information Systems from General Dynamics of Falls Church, for $55 million. GD Advances specializes in medium-class satellites, which will give Orbital a greater presence in the market for national security satellite systems. (The Washington Post)

Sunrise Senior Living Inc., a McLean operator of senior living facilities, plans to cut 30 jobs. The move is part of a continuing effort to reduce expenses, which has seen the elimination of 336 positions, mostly at its corporate headquarters. (Washington Business Journal)

Versar Inc., a Springfield-based government contractor, bought Advent Environmental Inc., a Charleston, S.C., munitions disposal firm. The move provides Versar an additional $100 million in Defense Department contract capacity. (Washington Business Journal)


Reader Comments

comments powered by Disqus


showhide shortcuts