Record-breaking year for Marine Corps Scholarship Foundation
Hamilton in McLean; General Dynam- ics and Northrop Grumman in Falls Church; AES and CalAtlantic Group in Arlington; Leidos and NVR in Reston; and DXC Technology in Tysons. The list, compiled by Fortune magazine, ranks the publicly traded companies in the U.S. based on gross revenue. (
VirginiaBusiness.com)
Granules India Ltd. plans to invest $35 million in expanding its pharmaceuti- cal research and development and manufacturing operation in Fairfax County. The expansion is expected to create 102 jobs. Granules India is based in Hyderabad, India. The company is eligible to receive $750 per job from the Virginia Jobs Investment Program (VJIP), for a total of $76,500. VJIP funds are a reimbursement to the business after the employee has been working for the com- pany for 90 days. (
VirginiaBusiness.com)
SAIC is relocating its headquarters from McLean to Reston, effective July 1. The information technology company will occupy the building previously occupied by Scitor Corp., which SAIC acquired in 2015. The move is part of an effort to increase efficiencies and consolidate SAIC’s office leases in the Washington area. SAIC will continue to occupy several floors in its McLean location. (
VirginiaBusiness.com)
McLean-based media company Tegna Inc. has completed its spinoff of Cars. com, creating two publicly traded companies. With the completion of the spinoff, Dave Lougee was named
The Alexandria-based Marine Corps Scholar- ship Foundation announced that 2017-18 scholar- ships will be the highest in its 55-year history, totaling $7.3 million to more than 2,300 students. These funds will provide access to education for the children of Marine and Navy Corpsmen attend- ing post-high school, undergraduate and career technical education programs in all 50 states. Pictured from left to right: Dr. David Shulkin,
Photo courtesy PRNewswire
Tegna’s president and CEO while join- ing the company’s board of directors. He succeeds Gracia Martore, who has retired.
Cars.com began trading on the New York Stock Exchange on June 1 under the symbol CARS.
Cars.com will be based in Chicago. Before becom- ing president and CEO, Lougee was president of Tegna Media, overseeing 46 broadcast stations in 38 markets. (
VirginiaBusiness.com)
Wärtsilä, a Helsinki-based technology group, plans to acquire Herndon-based Greensmith Energy Management Systems Inc. Financial details of the deal were not disclosed. Greensmith provides advanced energy storage technologies and software solutions. Wärtsilä is a major provider of advanced
secretary of Veteran Affairs; Margaret Davis, president and CEO of the Marine Corps Scholar- ship Foundation; Gen Robert Neller USMC, 37th commandant of the Marine Corps; Secretary of Homeland Security John Kelly; and Lt. Gen. George Trautman USMC (Ret.), chairman of the Marine Corps Scholarship Foundation. (PRNewswire)
technologies and lifecycle solutions for the marine and energy markets. Green- smith will operate as a separate business under Wärtsilä Energy Solutions. The transaction was expected to close by July. The Finnish company has 18,000 employees and had 2016 net sales total- ing $5.3 billion. (
VirginiaBusiness.com)
If the Washington Redskins want to build a new stadium in Loudoun County, they need to act fast. Land up for sale near the future Loudoun Gateway Metro Station — a site rumored to be a prospective spot for the football team’s new stadium — is expected to sell quickly, county officials say. The property up for sale is a 280-acre parcel fronting the Dulles Greenway at the site of the once planned mixed-use district
known as International City. The property includes 280 gross acres and about 165 usable acres. In April the real estate and investment management company over- seeing the sale, Chicago-based JLL, told the Loudoun Times-Mirror it was guiding buyers anywhere from $800,000 an acre or more, meaning the property could sell for more than $130 million. “There’s really only one site that makes sense for [the Redskins] with all the things that they mentioned: Metro accessibility, enough land and land that’s not currently being used or planned to be used in some other way … 606 Loudoun Gateway,” said Supervisor Ron Meyer (R-Broad Run). (Loudoun Times-Mirror)
Windward Consulting, an information technology consulting company based
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