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Academy Sports + Outdoors opens first Va. location
Texas-based sporting goods retailer now in Short Pump
Sporting goods retailer Academy Sports + Outdoors has opened its first store in Virginia with a location in Henrico County’s Short Pump area. The Texas-based Fortune 500 company opened Monday in a 58,075-square-foot store at 11861 W. Broad St. in The Corner at Short Pump, with 60 employees. Its grand opening is scheduled Friday, Aug.
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Six Va. companies land spots on Fortune Global 500
McLean-based Freddie Mac earns highest state ranking
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Six Virginia-based companies have landed spots on Fortune Magazine’s Global 500 list, which was released Thursday and ranks the world’s 500 largest corporations by total revenue. Walmart Inc. took the top spot on the list, reporting $572 billion in revenue, retaining its top spot from last year. Amazon.com Inc. followed behind, rising a spot to
Leidos buys Aussie special missions biz
Acquisition from Cobham Ltd. adds to Leidos' Australian portfolio
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Reston-based Fortune 500 federal contractor Leidos Holdings Inc. has entered into an agreement with British technology aerospace manufacturer Cobham Ltd. to purchase the special missions business from its Australia-based Cobham Aviation Services subsidiary, according to a news release. Financial details of the deal, which will add airborne surveillance and search and rescue missions to Leidos’
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HII receives $826M defense contract
Work includes technology services, analytics support
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Newport News-based Huntington Ingalls Industries will provide technology and other support to the Department of Defense under a $826 million contract. According to a news release, HII’s McLean-based mission technologies division will also provide threat analysis and analytics support as well as operations integration and operational effects support. The work will support Defense Department service
Northrop Grumman receives $3.3B missile defense contract
Program defends U.S. against ballistic missile attacks
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Falls Church-based Northrop Grumman Corp. has received a contract worth nearly $3.3 billion from the Missile Defense Agency to help defend the homeland from ballistic missile threats. The Fortune 500 aerospace and defense contractor will design, develop and sustain new capabilities for the next Ground-based Midcourse Defense Weapons Systems program, according to a news release.
Virginia’s Fortune 500 companies
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Virginia continues to perform well on the Fortune 500, with 21 companies from the commonwealth making the 2022 list, which ranks the 500 largest publicly traded companies in the United States by total revenue. Mortgage finance company Federal Home Loan Mortgage Corp. (“Freddie Mac”) once again topped Virginia’s list of Fortune 500 companies. With $65.89
Dollar Tree names new CIO amid C-suite shift
Bobby Aflatooni previously worked for rival Dollar General
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Chesapeake-based Fortune 500 discount retailer Dollar Tree on Thursday announced that it has hired Bobby Aflatooni, executive vice president and chief information officer for real estate developer The Howard Hughes Corp., as its CIO. The hire comes less than a month after Dollar Tree Stores, Inc., which also owns the Family Dollar chain, announced a
Leidos receives $291M Navy contract
Will support work on combat systems
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Reston-based Fortune 500 contractor Leidos has received a $291 million follow-on contract for work with the Navy’s Program Executive Offices’ Integrated Warfare Systems directorate, according to a news release. The single award, cost-plus-fixed-free contract includes a one-year base period with a four additional one-year option periods. Under the contract, Leidos is expected to perform support
Booz Allen Hamilton launches $100M VC fund
Fund will focus on defense, AI, cybersecurity, deep tech
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Booz Allen Hamilton Inc. has formed a $100 million corporate venture capital arm, the McLean-based Fortune 500 global management consultancy announced Wednesday. Named Booz Allen Ventures LLC, the arm will invest in early-stage companies and technologies across four categories: defense, artificial intelligence/machine learning, cybersecurity and deep technology. “We are proud and excited to continue our
General Dynamics Missions Systems, Iridium land $324M space contract
Will build, support and operate National Space Defense Architecture
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Fairfax-based General Dynamics Missions Systems and McLean-based Iridium Communications Inc. have received a $324 million contract to build and provide network operations and support for the National Defense Space Architecture. The award, from the Space Development Agency, includes a $162.9 million base and $161.5 million in options. Under the contract, General Dynamics Missions Systems and