Industries

For the Record - Northern Virginia

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AES Corp., an Arlington-based energy company, bought two wind power operations in Europe through its AES Wind Generation division. The companies, in the United Kingdom and Poland, will add 700 megawatts of wind power capacity to the company’s holdings. (Washington Business Journal)

DynCorp Inc., a Falls Church-based government services firm, was bought by New York private equity firm Cerberus Capital Management in a $1.5 billion deal. It is the fifth-such company Cerberus has bought since 2000. (Richmond Times-Dispatch)

The Hylton Performing Arts Center opened in May on the Prince William County campus of George Mason University.  The $46 million, 85,000-square-foot center will provide a venue for local arts groups and performers from around the world.  The performing arts center also is expected to give an economic boost to the region. (Journal Messenger)

Northrop Grumman Inc., a Los Angeles-based defense contractor, announced plans to move its headquarters to Northern Virginia. More than 90 percent of the company’s business is with the federal government. Northrop has over 31,000 employees in 20 Virginia operations. Virginia competed with Maryland and the District of Columbia for the investment, which will bring 300 jobs from California. (Richmond Times-Dispatch)

The boards of directors at the Prince William Regional Chamber of Commerce and the Prince William County-Greater Manassas Chamber of Commerce have recommended that the groups combine to form a new organization, the Prince William Chamber of Commerce. The members of each chanber will vote on the merger on June 17. (News release)

Engineering Services Network Inc. of Arlington received a five-year, $8.8 million contract, including options, from the Navy. ESN will provide technical and management services for the voice communications system at the Naval Surface Warfare Center in Dahlgren. (Washington Business Journal)

Interstate Hotels & Resorts, an Arlington-based owner and manager of hotel properties, formed a partnership with IHI Ltd. of Malta, to invest in and operate hotels in Europe. Interstate has 12 hotels under management contract in Europe. (Washington Business Journal)

Latisys, a provider of data center and managed hosting services around the country, bought Pryman Technologies and its 123,000-square-foot facility in Ashburn.  (News release)

NCI Inc. of Reston received a five-year, $14 million contract, including options, from the Army for administrative and maintenance services on the wireless and wired networks at Fort Stewart and Hunter Army Airfield in Georgia. (Washington Business Journal)

Sallie Mae, a Reston-based financial services company, will cut 2,500 jobs after legislation ended its role as an originator of government-backed student loans. The restructuring will mean the loss of about one-third of its work force. In addition, all but about half a dozen of its 25 operating locations are expected to be closed. (Washington Business Journal)

ScienceLogic LLC, a Reston technology company, secured $15 million in first round investment from New Enterprise Associations Inc. of Chevy Chase, Md. The company will use the proceeds to leverage its services in the growing market for businesses moving to cloud computing as part of their IT needs. (Washington Business Journal)

 


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