For the Record - Northern Virginia, August 2012

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CACI International Inc., an Arlington-based IT solutions provider to the federal government, will repurchase of 4 million shares of common stock. The company completed a similar effort in May. (Business Wire)

DynCorp International Inc., a Falls Church defense contractor, received a five-year, $432 million contract, including options, from the Air Force to provide support services for T-6A and T-6B aircraft at Air Force and Navy bases around the country. (Business Wire)

First Virginia Community Bank acquired 1st Commonwealth Bank of Virginia in a $3.7 million stock deal in which First Virginia will gain $57.4 million in assets. (Washington Business Journal)

Inova Health System, a Falls Church-based health care service provider, and Aetna Inc., a national insurance provider, will form a new health insurance company, Innovation Health Plans. Slated to open for business in January, it will offer commercial and Medicare business lines in Northern Virginia. (Washington Business Journal)

The Loudoun County Board of Supervisors voted 5-4 in July to commit nearly $270 million to the second phase of Metrorail’s Silver Line, which will link the transit system to Washington Dulles International Airport and create two stations in eastern Loudoun.  Without the county’s contribution, the second part of the $6 billion Silver Line project was in doubt. (

Rosetta Stone Inc., a provider of language instruction services headquartered in Arlington, will relocate Pragnesh Shah, president of its global consumer business, to Tokyo. The move comes in an effort to create greater penetration in Asia’s language-learning markets. (Business Wire)

Science Applications International Corp., a McLean-based government services and technology company, will relocate 450 corporate employees from its previous headquarters in San Diego to McLean, Orlando, Fla., and Oak Ridge, Tenn. The move comes in an effort to cut overhead costs. SAIC moved its headquarters from San Diego to McLean in 2009. (The Washington Post)

The Virginia Business Incubator Association, a non-stock corporation promoting the establishment of small business incubation programs, will move its headquarters to Fredericksburg. Administrative duties will be handled through the University of Mary Washington’s Center for Economic Development. (Free Lance Star)

Virginia Heritage Bank, of Tysons Corner, will deregister its common stock under Securities and Exchange regulations in an effort to reduce costs for legal and audit obligations, as well as to allow senior management to focus on core operations. (Business Wire)

Xceedium Inc., a Herndon network security company, closed on a $12 million round of funding, led by existing investor ArrowPath Venture Partners. Proceeds will be used to grow the company’s cloud-based business. (Washington Business Journal)

MacAulay-Brown Inc., a Dayton, Ohio engineering services company, opened a Vienna office that will serve as headquarters for the Washington, D.C., area in dealings with the defense and intelligence sectors. The company now has two offices and about 150 employees in the region. (Washington Business Journal)


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