Inc., has released it's annual list of the 5000 fastest growing companies for 2015. The list commonly known as the “Inc 500” measures the growth of U.S.-based private companies between 2011 and 2014 with a minimum revenue of $100,000 in 2011 and minimum revenue of $2 million for 2014. Inc's revenue tracking requirement for companies started in March 2011.
Rockville-based energy engineering company Argan, Inc (NYSE: AGX) is teaming up with Chicago-based Exelon (NYSE: EXC) to pursue a Massachusetts energy plant contract.
Pending approval from Massachusetts regulators, a dual-fuel 200 MW simple cycle peaking power plant could be completed by 2018. Exelon already owns the West Medway Generating Station adjacent to site of the proposed plant.
Bethesda-based Lockheed Martin and Montgomery College are teaming up create healthcare technologies covering wide range of health related areas from national-scale genomics to big data.
The launch of the Healthcare Technology Alliance could help grow the Health Information Technology sector in Montgomery County as well as form synergies between established industries like biotechnology and promising ones like cyber security.
In addition to Lockheed Martin and Montgomery College, the founding members of the alliance include Cisco, Cloudera, Illumina, Intel.
The topic of concussions in sports has taken on a lot of awareness of the last few years especially in football. That’s one of the reasons why National Harbor, Md.-based XLNTbrain Sport was selected by the Michigan High School Athletic Association (MHSAA) to further educate and check student athletes over the course of the 2015-2016 school year.
Bethesda-based TerraForm Power (Nasdaq: TERP) is going to get a large piece of a $2.2 billion solar deal involving SunEdison (NYSE: SUNE) and Vivint Solar (NYSE: VSLR).
Maryland Heights, Miss-based SunEdison is among the world's largest renewable energy companies and is transforming the way it's produced, owned , and distributed far and wide and is about to get much larger with the closing of this deal.
Montgomery County has placed it's bet on cybersecurity, making some ambitious moves to make sure it's a major player in the young and fast-growing industry, that includes converting a biotechnology incubator in Rockville to become the home of the newly formed National Cybersecurity Center of Excellence (NCCoE).
The NCCoE was created under the National Institute of Standards and Technology (a branch of the U.S. Department of Commerce with a large campus in Gaithersburg) to provide solutions to cybersecurity businesses on a national level.
Montgomery County has placed its bet on cybersecurity, making some ambitious moves to make sure it's a major player in the young and fast-growing industry, which includes converting a biotechnology incubator in Rockville to become the home of the newly formed National Cybersecurity Center of Excellence (NCCoE).
The NCCoE was created under the National Institute of Standards and Technology (a branch of the U.S. Department of Commerce with a large campus in Gaithersburg) to provide solutions to cybersecurity businesses on a national level.
The Chief Financial Officer of Hanover, Md-based Ciena Corporation (NYSE: CEIN) filed the following stock transaction dated July 15, 2015 with the SEC.
James E. Moylan Jr., Senior Vice President and Chief Financial Officer of Ciena Corporation disposed of 1,000 common stock shares at an average price of $24.57 on July 15, 2015. Moylan held 390,227 shares after the transaction.
The sold shares are valued at approximately $24,570. The transaction adheres to a trading plan dated 10/15/14 under Rule 10b5-1.
Bruce L. Claflin is better known as Advanced Micro Devices, Inc (NASDAQ:AMD) chairman of the board, but the technology chipmaker chairman also acts as one the directors for Hanover, Md-based Ciena Corporation.
Claflin filed an SEC transaction form on July 13, 2015, for a transaction involving Ciena corp stock on the same day. 400 shares of the company stock was disposed of at an average price of $23.92 per share. Claflin held 61,362 shares of network technology maker's stock after the transaction.
Only a day after splitting from Gannett, newly formed Tegna Inc (NYSE: TGNA), is already making it's own investment in another business.
The McLean, Va-based company has taken a stake in the Video Call Center, LLC (VCC). The company with a facility in Palisades, NY has patented video technology that allows them to create original content from video callers using television workflow processes.
Bethesda, Maryland-based Lockheed Martin (NYSE: LMT) is expected to close on the purchase of a Massachusetts-based cyber security company within the next 30 days.
Lockheed Martin is making a strategic move to not only grow in the relatively new cyber security sector but also diversify its services beyond Federal government contracts. The U.S. Federal government is in the midst of cutting defense spending and dumping large amounts of office space in favor of smaller spaces in the Washington, D.C. area.
Herndon-based Volkswagen Group of America reported its best September since 1972 with 36,663 units sold, making it the company's 25th consecutive monthly increase with a 34.4 percent jump year-over-year.
A swarm of frustrated Americans descended upon the District of Columbia on Saturday afternoon, to participate in the first national mobilization against hydraulic fracturing. The process involves injecting incredible amounts of water and chemicals into the earth, which cracks, thus creating a pathway for trapped natural gas to escape.
Herndon-based Volkswagen Group of America reported nearly 40,000 units sold last month with the sales increase led by the new Passat flagship sedan.
Volkswagen of America sold total units of 38,170; 34.2 percent or nearly 10k more than June of 2011 when 28,444 units were driven off dealer lots.
The Jetta model line sold continued as the volume leader with 13,604 units sold but down 20.5 percent. 10,252 Passat sedans were sold to take second place. The Golf model line managed to increase 23.6 percent to 4,092.
After formally announcing plans for a campus consolidation more than a year ago, the speculation as to whether jobs would leave its northern Virginia campus have proven to be true.
Exxon Mobil Corporation (NYSE:XOM) will move jobs from itsRefining and Supply Company; Research and Engineering Company and ExxonMobil Fuels, Lubricants & Specialties Marketing Company all based at its Fairfax County location, to the Houston, Texas metro area.
Fulton, Maryland-based Colfax Corporation (NYSE: CFX), has taken interest in another foreign mechanical technology supplier after the acquisition of Charter international which has propelled the companies quarterly revenues to figures approaching $1 billion.
The manufacturing and engineering company said it would pay $235 million for Soldex S.A, a welding products supplier based in the South American country of Peru. Soldex has manufacturing plants in Lima, Peru and Bogota, Colombia.
Fulton, MD-based industrial engineering firm Colfax Corp (NYSE:CFX)President and Chief Executive Officer made the following stock transactions on April 22, 2012.
Steve Simms acquired 350,000 common stock shares under an Employee Stock Option plan, at an exercise price of $31.98 under general transaction code A (Grant, award or other acquisition pursuant to Rule 16b-3(d)).
Columbia-based cyber security firm SourceFire Inc (NASDAQ: FIRE),President and Chief Operating Officermade the following stock transactions on April 17, 2012.
Tom McDonough disposed of 4,000 common stock shares range of $49.02 to $49.69, with an average price of $49.4008, and totaling $197,603.20 under general transaction code S (Open market or private sale of non-derivative or derivative security). 69,867beneficially and directly owned shares remained April 17, 2012.
Washington, D.C.-based Danaher Corporation (NYSE: DHR) posted a 31 percent increase in sales to $4.3 billion in the first quarter of 2012 ended March 30, 2012. The company's sales were $1 billion higher than a year ago.
Off those revenues Danaher pulled in earnings of $520.1 million or $0.73 cents per diluted share, a 19.7 percent increase. Earnings jumped $0.12 cents from the same period last year when earnings were $0.61 cents per diluted share.
A subsidiary of defense contractor General Dynamics (NYSE: GD), will aid the United States Navy in building the Virginia-class submarine, SSN-792.
General Dynamics Electric Boat was awarded a $78 million contract to supply components including steam and electrical-plant parts, the main propulsion unit, the ship-service turbine generator set, as well as machinery for miscellaneous hull, mechanical and electrical-systems.
The program is expected to save on ship production costs, including labor, while maintaining overall ship efficiency.
Gaithersburg-based internet technology firm BroadSoft Inc (NASDAQ: BSFT) President and Chief Executive Officer made the following stock transactions on April 16, 2012.
Michael Tessler acquired 10,000 common stock shares at an average price of $2.40, totaling $24,000 under general transaction code M (Exercise or conversion of derivative security exempted pursuant to Rule 16b-3). 225,573 beneficially and directly owned shares remained April 16, 2012.
Linthicum, Md- based computer networking firm, Ciena Corp (NASDAQ:CIEN) President and Chief Executive Officer, Gary B. Smith made an amendment to stock transactions on March 21, 2012.
Gary B. Smith disposed of 2935 Common Stock shares at an average price of $15.662, totaling $45,967.97 under general transaction code S (Open market or private sale of non-derivative or derivative security). 432,300 beneficially and directly owned shares remained March 21, 2012.
McLean-based Primus Telecommunications Group, Incorporated (PTGi) (NYSE: PTGI) has entered an agreement to sell off its Australian subsidiary for approximately $200 million.
Selling off the Melborne-based subsidiary does not require stock holders approval and has been received consent from PTGi Board of Directors and as well as a previously established special committee of the Board of Directors
Herndon-based Volkswagen of America reported its percent best monthly March sales total since 1973. The German automaker was able to increase sales by 34.6 percent but this time led by more than one model line surpassing the 10k mark.
Volkswagen of America sold 36,588 units; it is the sixth month that the automaker surpassed at least a 30 percent increase in sales and the 31st consecutive month of sales increases.
Fairfax-based ManTech International Corporation (NASDAQ:MANT) finished its purchase of cyber security firm HBGary. The Sacramento, ca-based company produces software that targets malware and other computer threats. ManTech will absorb HBGary into a new business unit called Mission, Cyber, & Intelligence Solutions (MCIS) group. Ken Silva, Senior Vice President of Cyber Strategy will lead the unit.
Falls Church- based defense contractor General Dynamics (NYSE:GD)Chairman and Chief Executive Officer, Jay L. Johnson made the following stock transactions on March 26, 2012.
Jay L. Johnson acquired 507,664 Common Stock shares at an average price of $40.09, totaling $20,352,249.76 under general transaction code M (Exercise or conversion of derivative security exempted pursuant to Rule 16b-3). 792,855 beneficially and directly owned shares remained March 26, 2012.
Mclean-based government contractor Science Applications International Corporation (SAIC) (NYSE: SAI) reported its fourth quarter and fiscal year 2012 financial results after hours, posting lower revenues and a net loss.
The company also announced the initiation of a quarterly dividend of $0.12 cents per share available April 30, 2012 to share holders on record by April 15, 2012.
Northrop Grumman Corporation (NYSE:NOC) announced today a firm-fixed-price contract from the U.S. Air Force.
The defense contractor will provide Large Aircraft Infrared Countermeasure (LAIRCM) systems and support.
Under the $334 million contract Fairfax county-based Northrop Grumman will have until April 2014 to provide the Air Force with LAIRCM technology that will automatically detect a missile launch. Once detected as a threat, the LAIRCM system will activate a high-intensity laser to track and destroy the missile.
A $46 million contract has been awarded to Science Applications International Corporation (SAIC) (NYSE: SAI) from the Transportation Security Administration (TSA).
TSA, an agency part of the U.S. Department of Homeland Security (DHS) has tasked SAIC with the responsibility of hazardous materials management and disposal services. The services provided will include training programs, treatment storage, and disposal of hazardous waste that will total more than $1.5 million pounds per year.
Gas- and fluid-handling technology company Colfax Corporation (NYSE: CFX) released financial results this morning but posted earnings results that surprised investors and analysts.
Colfax reported a 6.7 percent increase in net sales to $177.79 million for the fourth quarter 2011 compared to $166.65 million in the same period of 2010. The average analyst estimate for sales was $189.73 million. For the full year Colfax had $693.4 million in net sales a 27.9 percent increase.
Before getting bought itself by Chicago-based Exelon Corp (NYSE: EXC),Baltimore-based Constellation Energy (NYSE: CEG) announced that it has completed the purchase of ONEOK Energy Marketing Company (NYSE: OKE).
The Tulsa, Oklahoma-based retail natural gas marketing company was acquired for $22.5 million and has 26,000 customers in Kansas, Oklahoma, Missouri, Texas, Nebraska, Wyoming and Illinois.
Volkswagen's U.S. operations based in Herndon, reported 47.9 percent increase in sales to start off the 2012 calendar year. The 27,209 units sold was the best on record since 1974.
Sales were led by volume leader Jetta, the sedan variant had 9,564 units sold but that was 1.8 percent lower than in January 2011. Overall Jetta sales including SportsWagen were 10,962 units, down 4.3 percent.
Northrop Grumman Corporation (NYSE: NOC) fourth quarter earnings results showed significant improvement over the same time period in 2010 despite lower revenue. The defense contractor's earnings were also far and away from what analysts had predicted.
D.C.-based Danaher Corporation (NYSE: DHR) fourth quarter financial results showed double digit increases in revenues as well as for earnings but the company barely made it past analyst estimates on a per share basis.
On the main campus of the George Washington University, top strategists in Social Media marketing, including those from Facebook, Discovery Communications and MTV gathered for the annual What’s Next D.C. conference.
Staying true to the theme of progress and prosperity, Tod Plotkin, Principal of Green Buzz Agency, hosted the annual What’s Next D.C. conference, providing business types the chance to improve their strategies.
Bethesda-based Lockheed Martin Corporation (NYSE: LMT) reported financial results for the fourth quarter 2011 as well as for the full calendar year.
Net sales were lower than the previous quarter in 2010, the defense contractor brought in $12.2 billion in Q4 2011 compared to $12.8 billion. For the year, net sales were above the $46 billion mark to $46.5 billion.
General Dynamics (NYSE: GD) shares were down as low as $69.47 or over 2 percent in morning trading as the company reported fourth quarter and full-year 2011 financial results with lower earnings and that missed average analyst estimates.
The Falls Church-based company announced fourth quarter net income of $603 million or $1.68 per diluted share. That amount was lower than the $729 million ($1.91 per diluted share) profit made in the fourth quarter of 2010.
Mclean-based Science Applications International Corporation (SAIC) [NYSE: SAI] won a prime contract from the U.S. Patent And Trademark Office (USPTO) to support its Automated Information Systems.
SAIC will supply its expertise in software development integration and testing services in areas pertaining to configuration and program management, production support, and software maintenance and transition. The bulk of the work will be performed in the D.C. area
Electronic payment processing provider Tier Technologies, Inc. (Nasdaq: TIER), made drastic changes last month including moving its corporate headquarters from Reston, Virginia to Norcross, Georgia in the Atlanta metro.
The move seemed to be well underway by early December 2011 with corporate phone numbers changes and space the company already had leased in the Atlanta metro.
Energy provider AES Corporation (NYSE: AES) announced today that one of its wholly owned subsidiaries filed for bankruptcy protection.
The Arlington-based company said that the fling by subsidiary AES Eastern Energy will not affect its diluted earnings per share, adjusted earnings per share or cash flow for its annual 2011 financial results.
In another filling AES noted that the Eastern Energy subsidiary and its affiliates are indirectly wholly owned.
Times was running out for a major lease set to expire in 2013 at the Silver Spring Metro Center, but the anchor tenant -- the National Oceanic and Atmospheric Administration (NOAA) -- has decided to stay and renew its lease for another 15 years. The administration has called the urban high-rise office buildings home since 1990.
Washington, D.C.-based Danaher Corporation (NYSE:DHR) wants to sell its Kollmorgen Electro-Optical subsidiary, and has entered a definitive agreement to do so.
The purchaser of Kollmorgen Electro-Optical is intended to be L-3 Communications (NYSE: LLL). The defense contractor will pay $210 million in cash for Kollmorgen Electro-Optical which accrued revenues of approximately $169 million in 2010.
Fairfax-based ICF International (NASDAQ:ICFI) is expanding into the web development business with the signing of a definitive agreement to purchase another Virginia based firm, Ironworks Consulting, L.L.C.
Richmond-based Ironworks has several offices around the country including one in Tysons Corner. The company is expected to bring in $57 million in revenue for 2011.
To reduce Hawaii's dependence on foreign oil Science Applications International Corporation (SAIC) (NYSE: SAI) was awarded a contract by Hawaii Public Utilities Commission (PUC) to continue work as Program Administrator for the Hawaii Energy Efficiency Program.
The $66 million contract will last for another two years through 2013 with the option for a three-year extension beyond that time frame.
The initial contract was awarded in March 2009 and since then SAIC has received $105 million in funding for the program.
Fulton, Maryland-based Colfax Corporation (NYSE: CFX), has announced that it has purchased a national supplier of oil flushing and remediation services for $34 million.
COT-PURITECHwith current headquarters in Canton, Ohio reported $20 million in annual revenues last year by supplying its products to refinery and petrochemical operators, power generation plants and other industrial manufacturing sites according to the release.
Lockheed Martin (NYSE: LMT) is an American global aerospace, defense, security, and advanced technology company, headquartered in Bethesda, Maryland. With annual revenues of over $45 Billion, Lockheed Martin is the largest publicly traded company in the D.C. area.
Lockheed’s dividend yield is 5.27, its payout ratio is 36.64 and its ex-dividend date is November 29, 2011.
Science Applications International Corporation (SAIC) (NYSE: SAI)with headquarters in the Tysons Corner area of McLean, has won another contract by the General Services Administration (GSA). This time SAIC will deliver telecommunication equipment and related services under the competitive indefinite delivery, indefinite quantity (IDIQ) contract.
The multiple-award, three year performance period, IDIQ contract has a potential peak value of $5 Billion with all options exercised.
McLean-based Science Applications International Corporation (SAIC) (NYSE: SAI) will be involved in the relocation of the Department of Homeland Security Headquarters to the former Saint Elizabeths Hospital in the southeast section of D.C. and includes services at both the East and West Campuses.
National security federal contractor, ManTech International Corporation (NASDAQ: MANT) reported that it has completed the acquisition of Seabrook, MD-based Worldwide Information Network Systems for $90 Million in cash.
The announcement for Mantech to purchase the Prince George's County global information technology firm was made less than a month ago on October 27, 2011.
With its recent acquisition of Arbinet Corporation, McLean-based Primus Telecommunications Group, Incorporated (NYSE: PTGI) posted financial results with revenues increasing by the double digits from last year.
Primus reported $254.7 million in net revenue for the third quarter ended September 30, 2011 a year-over-year increase of 35.3% from the $188.2 million reported in the third quarter of 2010.
Bethesda-based OPNET Technologies, Inc. (NASDAQ: OPNT), delivered record financial results for its second quarter of fiscal 2012 and also declared its quarterly dividend.
The network performance management solutions provider said revenue totaled $41.9 million compared to $36.1 million in the second quarter of fiscal year 2011. Revenue fell short of the average analyst estimate of $43.23 million and low estimate of $42.15 million.
Falls Church-based Computer Sciences Corporation (CSC) (NYSE: CSC) reported financial results today for its second quarter of fiscal 2012 ended September 30, 2011.
The government contractor reported $3.97 billion in revenue for the quarter, a year-over-year increase of only one percent compared to the $3.94 billion in revenue in fiscal 2011. Analysts had estimated average revenues of $4.03 billion with a high estimate of $4.07 billion.
Gaithersburg-based BroadSoft, Inc. (NASDAQ: BSFT) reported record financial results with increases in both revenue and net income.
The global Internet protocol-based provider said total revenue increased 60 percent to $35.7 million in the third quarter ended September 30, 2011. In the same period of 2010, revenue was just $22.3 million.
Net income totaled $7.3 million or $0.26 cents per diluted share, a year-over-year GAAP increase of 83 percent compared to only $1.2 million or $0.05 cents per basic and diluted share.
Defense contractor General Dynamics (NYSE: GD) will pay a 31 percent premium for a Summerville, South Carolina firm that specializes in survivability products including armored vehicles.
Shareholders of both Falls Church-based General Dynamics and Force Protection, Inc. (NASDAQ: FRPT) have agreed to a purchase price of $5.52 per Force Protection shares which would come to approximate total of $360 million. The board of directors from both companies has already approved the deal.
This past Friday night, crowds gathered at D.C.'s renowned 9:30 Club for the kickoff of this year's Digital Capital Week (DCWeek)—a week-long series of events focused on the creative technological community. A mix of young entrepreneurs and D.C., Maryland and Virginia locals came out to celebrate and support up-and-coming bands from the all over the region. From 10:30 p.m. until 3:00 a.m., patrons mingled with old friends and new acquaintances.
Fairfax-based Geeknet, Inc. (Nasdaq:GKNT) reported third quarter 2011 financial results today which included another net loss for the quarter.
The online gadget retailer posted a net loss of $2.7 million or $-0.42 cents per diluted share in the third quarter ended September 30, 2011. That was better than the net loss of $3.9 million or $-0.64 million per share in the same time last year.
Recorded revenue for the third quarter of 2011 was $19.7 million versus $14.7 million in the 2010 third quarter.
Reston-based comScore, Inc. (NASDAQ: SCOR), kept with tradition as in previous quarters to report a net loss for the third quarter ended September 30, 2011.
comScore is a provider of digital statistics based on data accumulated on the web. The company continued a net loss of $3.9 million or $-0.12 per basic and diluted share which increased from the net loss of $2.1 million in the same time last year. The average analyst estimate for the net loss was $-0.25 cents per share, the company missed the high estimate of $-0.07 cents per share.
Audi of America, the luxury brand of Herndon-based Volkswagen of America sold a total of 10,225 units in October up from the 8,128 units sold in October 2010, and a double digit increase of 25.8 percent.
The Audi A4 led the vehicle line-up in sales, with 2,613 units, close behind was the Audi Q5 SUV reporting 2,610 units sold.
Herndon-based Volkswagen of America reported another strong month with October sales increasing 39.6 percent.
The maker of Jetta sedans reported total sales of 28,028 units. The all-new Passat and Beetle vehicles posted their first full month sales. The 2012 Chattanooga, TN-built Passat flagship sedan sold 5,040 units and the 2012 Beetle coupe sold 1,516 units up 219.8 percent.
The volume seller continued to be the Jetta sedan and sportwagen variant, they had a combined sales total of 13,058 units, 9.2 percent increase.
Government technology contractor ICF International, Inc. (NASDAQ:ICFI), released financial results for the third quarter ended September 30, 2011 that exceeded analyst estimates.
Net Income amounted to $9.3 million or $0.47 cents per diluted share in the third quarter 2011, an increase of 26.3 percent compared to $7.4 million or $0.38 cents per diluted share in the same period of 2010.
The average analyst estimate was $0.45 cents and the company also beat the high estimate of $0.46 cents.
Reston-based TNS, Inc. (NYSE: TNS), a business software service provider for transaction-oriented applications, released third quarter 2011 results for the three month period ended September 30, 2011. Total revenue of $142.7 million was reported, a 9.3 percent increase from the third quarter of 2010 which amounted to $130.6 million.
The company narrowly beat the average analyst estimate of $141.31 million. The purchase of Cequint, Inc a year ago made a positive impact on revenue.
Fulton-based Colfax Corporation (NYSE: CFX), reported that third quarter net sales surged 28.6 percent to $170.29 million with third quarter orders totaling $174.39 million, a jump of 40.9 percent.
Net income declined to $3.69 million or $0.08 cents per basic and diluted share in the third quarter ended September 30, 2011 in comparison to the third quarter 2010 with net income of $5.85 million or $0.13 cents per basic and diluted share.
Fairfax City-based ManTech International Corporation (Nasdaq: MANT) has entered a definitive agreement to buy a Prince George's County-based IT cyber security firm for $90 million in cash.
Worldwide Information Network Systems, Inc.,specializes in cyber security and systems development, network and infrastructure engineering, enterprise architecture, software development and integration, and end-user workspace management.
Falls Church-based Northrop Grumman Corporation (NYSE: NOC) posted an improved quarter net income with earnings up 16 percent to $520 million, or $1.86 per diluted share compared to $448 million, or $1.51 per diluted share, in the same time last year.
Sales from operations amounted to $6.6 billion which was down from $7.0 billion in the third quarter of 2010.
Northrop Grumman raised 2011 guidance for EPS from continuing operations from $6.75 to $6.90 to $6.95 to $7.05.
Bethesda-based Lockheed Martin's (NYSE: LMT), Lockheed Martin UK subsidiary was selected by the United Kingdom Ministry of Defence to lead the upgrade of the British Army's Warrior Armoured Fighting Vehicle.
The defense giant will get 642 million pounds (approximately $1 billion) as part of a larger 1 billion pounds (approximately $1.6 billion) contract.
Columbia-based W. R. Grace & Co. (NYSE: GRA) reported its fourth consecutive quarterly increase in net income with a 48.1 percent jump in the third quarter of 2011 ended September 30, 2011. Total net income came to $81.3 million or $1.07 per diluted share. The prior-year quarter net income totaled $54.9 million.
The U.S. Transportation Security Administration (TSA) has awarded Science Applications International Corporation (SAIC) (NYSE: SAI) a $25 million contract to upgrade security systems that detect explosives during checked baggage screenings.
The United States Navy has Awarded Science Applications International Corporation (SAIC) (NYSE: SAI) a prime single-award contract with a value of more than $42 million to support the United States Fleet Forces Command (USFF). The USFF supports the Chief of Naval Operations (CNO) and Combatant Commanders worldwide.
The six-month period of performance, four one-month options contract will allow SAIC to render operational and tactical support to the USFF and associated fleet commands.
Reston-based Access National Corporation (NASDAQ: ANCX) which is the parent to Access National Bank reported year-over-year increase of 27.8 percent in the third quarter ended September 30, 2011 net income, which amounted to $3.1 million in third quarter 2011 or $0.30 cents per diluted shareversus $2.4 million or $0.23 cents per diluted share. The nationally chartered bank posted a decline in total assets, amounting to $765.5 million compared to $831.8 million at the end of December 31, 2010.
Concerns over Bechtel moving more than one-thousand jobs to Virginia have been addressed with an announcement from Maryland politicians, that the company's power division will retain and continue operations at its Frederick location.
Rockville-based Federal Realty Investment Trust (NYSE: FRT) is set to install solar panels at four of its New Jersey properties once it gets zoning approval.
Roof-mounted solar panels will be installed at the Brick Plaza and Troy Hills shopping centers. The Mercer Mall and Ellisburg Circle shopping centers will get both roof and ground mounted solar panels.
Salisbury-based Perdue Incorporated, the third largest poultry company in the United States, gathered with Maryland government officials to commemorate the completion of a 5,040-panel solar system at its corporate headquarters facility.
The solar panel system is the final phase of a nearly 12,000 solar panel installation on six acres. The system was constructed on site at the company's headquarters located in the county seat of Wicomico County.
Volkswagen of America posted one of its biggest increases in monthly sales this year with September sales totaling 27,036 units. The 35.6% increase was fueled by all-new vehicles launches for the 2012 model year.
The all-new 2012 Passat Sedan and Beetle Coupe posted sales for their September launch. Passat sold 3,176 units, regaining its position as second best-seller in the Volkswagen's vehicle line-up. The Beetle Coupe which hadn't seen a full redesign in over a decade had 722 units sold, a 9.1% increase.
The City of Memphis, Tenn. has awarded McLean-based Science Applications International Corporation (SAIC) (NYSE: SAI) a prime contract to develop the City’s IT infrastructure.
Under the $37 million contract, SAIC will provide comprehensive IT services and solutions to the City’s Division of Information Services, by lowering costs, increasing capabilities, and strengthening the Memphis’ security posture.
A 100 acre greenfield site in Emittsburg, will be home to the largest solar project in Maryland history. Under Construction by Baltimore-based Constellation Energy (NYSE: CEG), the 16.1 megawatt photovoltaic panels are expected to generate 22 million kilowatt hours of electricity annually.
Bethesda-based Lockheed Martin (NYSE: LMT) said it will lay off 540 employees from its aeronautics division sites across the country.
The defense giant said the layoffs are part of the company's goal to increase operational efficiency. The greatest impact would be felt in Fort Worth, Tx., Marietta, Ga., as well as Palmdale, Ca.
Lockheed Martin employs about 28,000 people in its aeronautics division, the 540 position reduction would be about 2% of that workforce. Employees affected are expected to be moved out by December's end.
McLean-based Science Applications International Corporation (SAIC) (NYSE: SAI) won a contract from the Department of Health and Human Services (HHS) to provide services to the Health Resources and Services Administration (HRSA) Data Warehouse (HDW).
The Health Data Warehouse is a depository official to the HRSA including health related information, statistical data, and HRSA activities.
SAIC will provide services including maintenance, enhancements and overall operations support.
Arguably one of the most diverse regions in the nation in overall racial and ethnic demographics, it is confident to declare the Baltimore/Washington area -- at least -- the top three in diversity when it comes to the number of high-level professionals involved in the health industry from different racial and ethnic backgrounds.
Continuing a contract initialized in March 2008, defense giant Lockheed Martin (NYSE: LMT) received another order to produce the Target Sight System (TSS) also know as the fire control system in the AH-1Z Cobra attack helicopter used by the U.S. Marine Corps.
McLean-based Primus Telecommunications Group, Incorporated (NYSE: PTGI), wholly owned subsidiary Primus Telecommunications Canada Inc won a multi-year contract from Canadian firm, Alberta Investment Management Corporation (AIMCo), one of the largest financial investment managers in the country.
Silver Spring-based DB Consulting Group, Inc was recognized by NASA for its support services to the federal space division.
The NASA Johnson Space Center’s 2011 Small Business Prime Contractor of the Year Award is given to businesses for significant and outstanding support. DB consulting received a center-level Small Business Industry Award (SBIA) which qualifies it for agency level SBIA.
Falls Church-based Computer Sciences Corporation (CSC) (NYSE: CSC), said that it has purchased what is claimed to be the largest pure-play software testing and quality management service provider in the world.
McLean-Based Science Applications International Corporation (SAIC) (NYSE: SAI) said former Rockville-based BAE Systems Inc Senior Vice President, Corporate Communications, Lucy Reilly Fitch will become their own Senior VP of Corporate Communications.
Baltimore-based Constellation Energy (NYSE: CEG) will now be able to offer homeowners in Maryland, New Jersey, New York, Massachusetts, Ohio and Pennsylvania solar panels, service and installation via leasing options.
In Maryland, the products and services will be offered under the Constellation Energy's Baltimore Gas and Electric (BGE) Home subsidiary. The remaining states will be serviced under the Powered by Constellation Energy brand.
Internet protocol-based software provider BroadSoft, Inc. (NASDAQ: BSFT) has implemented the strategy of making acquisitions to keep up its fast growing sales and profits.
BroadSoft announced after market hours Wednesday, that it has signed a definitive agreement to acquire Phoenix, AZ-based iLinc Communications (PINK:ILNC). iLinc specializes in web conferencing services for global organizations and has Software-as-a-Service (SaaS) that offers real-time web meetings.
Defense giant, Bethesda-based Lockheed Martin (NYSE: LMT) won a contract from the U.S. Air force to supply paveway II Plus Laser Guided Bomb (LGB) GBU-12 guidance kits.
The agreement is part of an overall five-year, $475 million multiple-award contract initiated August 1, 2011. Lockheed Martin took majority share of an initial $134 million paveway II Plus LGB procurement, the defense contractor's portion totaled $100.5 Million.
Colfax Corporation (NYSE: CFX) which recently moved its corporate headquarters from the Richmond, Va area to Fulton, Md in Howard County, said it has confirmed rumors that it has been in talks with Charter International plc (LSE: CHTR) for a possible acquisition.
The supplier of industrial products like pumps and valves, announced that it was in preliminary discussions to make an all-cash offer to buy Charter International.
New month, same trend. Herndon-based Volkswagen of America Inc. (PINK:VLKAY), Audi of America unit continues to gain momentum in 2011, the luxury brand recorded its best August in history and its eighth consecutive monthly increase.
Audi August 2011 totaled 10,201 units, surpassing the previous record of 9,182 units in August of 2010.
Herndon-based Volkswagen of America Inc. (PINK:VLKAY), reported sales in August of 25,232 units, an increase of 20.7 % compared to last year. Much of the increase was due to the Jetta model line, which sold 14,500 units compared to 10,667 in August of 2010.
Linthicum, MD-based Ciena Corporation (NASDAQ: CIEN), stock spiked from around $12 a share to nearly $15 a share at close yesterday on over 29 Million in volume. The stock was down over 6% in afternoon trading today to $13.80 as traders sold for profit under pressure of negative economic news.
Ciena was a popular search for traders and investors which led to a spot on Google Finance's most popular list of stocks. The company reduced losses in its recently announced fiscal third quarter 2011 results.
General Dynamics (NYSE: GD), a defense contractor based in the D.C. area announced that its General Dynamics C4 Systems business unit was awarded a contract from the U.S. Air Force's Global Broadcast Service (GBS) Joint Program Office at Hanscom Air Force Base in Massachusetts.
Northrop Grumman Corporation (NYSE:NOC), which recently moved its corporate headquarters from California to Fairfax County, Va announced a defense contract agreement valued at a potential $997 Million.
The U.S. Army awarded the defense contractor and 18 other companies a contract to provide force protection systems and components.
Falls Church-based Computer Sciences Corporation (NYSE: CSC) was able to obtain two contracts from The U.S. Postal Service (USPS).
The computer technology government and private contractor will provide support to the USPS Mail Transport Equipment Service Centers (MTESCs) in the form of management, operational and logistical services.
MTESCs are integrated facilities that manage mail transport, equipment inventory, repair, storage and distribution to clients of the USPS.
No one knows more about wasteful spending than the government, and healthcare is on top of most people’s list when it comes to wasteful spending. Since 2009 the focus has shifted towards bringing down the cost of healthcare spending.
McLean-based Science Applications International Corporation (SAIC) (NYSE: SAI) said it won a contract from Turner PCL Flatiron -- a joint venture of general contractors involved in the expansion of the San Diego International Airport -- valued at an estimated $500 Million.
Bethesda-based Lockheed Martin Corporation (NYSE: LMT) has signed an agreement with the intent to acquire QTC Holdings Inc -- a health care federal contractor.
The Diamond Bar, California company is the largest service provider of medical evaluations. QTC's clients include the U.S. Department of Veterans Affairs (VA). The company processed more than 450,000 evaluations for the department in 2010.
Herndon-based GTSI Corp. (NASDAQ: GTSI) has decided to sell interest in Eyak Technology LLC.
GTSI -- a government contractor -- said that it had entered into a Settlement and Redemption agreement with The Eyak Corporation, Global Technology Group, LLC and EyakTek, August 19, 2011 to sell remaining interest in Eyak Technology LLC which will end litigation and arbitration proceedings between parties as well as other owners invloved.
General Dynamics (NYSE: GD), Lockheed Martin (NYSE: LMT), Raytheon Company (NYSE: RTN) and Tognum America, Inc, were awarded as a group -- a $439.7 Million contract from the U.S. Army.
The team of federal defense contracts will work on the Technology Development (TD) phase of the U.S. Army's Ground Combat Vehicle(GCV) Infantry Fighting Vehicle (IFV) program. It is expected that the results will produce affordable and effective Infantry Fighting Vehicle within a time-frame of seven years.
Arlington-based CACI International Inc (NYSE: CACI), a federal government contractor focused on providing information technology services reported fourth quarter and full-year fiscal financial results.
Revenue at CACI increased 13.5% in the fourth quarter to $963.2 Million compared to $848.7 Million in the fourth quarter of 2010.
Linthicum-based Ciena Corporation (NASDAQ: CIEN) was selected by GlobalNet for an upgrade of its optical network.
Ciena Corporation will use its 4200 Advanced Services Platform as a foundation for its new technologies including 40G technology and WaveLogic choherent optical processors. The new network system will help the Russian telecommunication carrier GlobalNet meet growing demand, primarily in West Russia, by increasing bandwidth.
Science Applications International Corporation (NYSE: SAI), the Mclean based government technology contractor — was awarded a prime contract of up to $30 million job by the United States Marine Corps Systems Command’s (MCSC) Information Systems and Infrastructure Product Group (PG-10).
SAIC services will be used to support the Total Force Structure Management Systems(TFSMS), by providing systems integration support, which includes post deployment software support, and provide training and system performance enhancements.
Fairfax-based ManTech International Corporation (NASDAQ: MANT) won a prime contract to provide services to the United States Department of the Navy, Fleet and Industrial Supply Center (FISC) in Norfolk, Virginia.
ManTech services to the Navy will include continuing logistics, analytical and program support.
Mclean-based Science Applications International Corporation (SAIC) (NYSE: SAI) was one of two defense firms that won a contract from the U.S. Space and Naval Warfare Systems Center (SSC) Atlantic.
Under the contract agreement SAIC will provide worldwide command, control, communications, computers, intelligence, surveillance and reconnaissance (C4ISR) services to help the United StatesNavy and Joint C4ISR systems.
Mclean-based Science Applications International Corporation (SAIC) (NYSE: SAI) will provide services for the U.S. Air Force Air Mobility Command (AMC), Consolidated Air Mobility Planning System (CAMPS).
Support will come in the form of software maintenance, development, training and functional support. SAIC will enhance the U.S. Air Force CAMPS for greater planning of mobility resources to aid tanker aircraft and airlift.
Iridium Communications Inc. (Nasdaq:IRDM), the technology company providing global mobile voice and data communications network services ended the second quarter with 478,000 subscribers, a near one-hundred-thousand subscriber increase from the second quarter of 2010 when the company only had a 383,000 billable subscriber count.
The 25% increase was due to customers who wanted machine-to-machine ("M2M") data, handheld voice, Netted Iridium and Iridium OpenPort® services.
Gaithersburg-based BroadSoft, Inc. (NASDAQ: BSFT), is one of the few companies today--trading higher by a great deal, after announcing its second quarter of 2011 results which blew past analyst estimates.
On July 1, 2011, Washington, D.C.-based Blackboard Inc. (NASDAQ: BBBB), publicized a definitive merger agreement with Providence Equity Partners to be acquired by the investment firm in an all-cash transaction sometime in the second half of 2011.
While Blackboard shareholders must still agree to the terms of the buyout, Blackboard continued to post growth in revenue in its second quarter financial results. The educational technology firm reported $124.16 Million in revenue for the quarter, a 15% increase compared to $107.7 Million in 2010.
Language-learning software maker Rosetta Stone Inc. (NYSE:RST), with headquarters in Arlington, reported an increase in total revenue for the second quarter 2011 ended June 30. Revenue was $66.74 Million, up 10% in the quarter from the prior year where sales were $60.64 Million.
Despite the revenue increase, a net loss of $4.55 Million ($-0.22 cents per diluted share) was reported contrasted to a net income of $3.69 Million ($0.17 cents per diluted share).
It started before the opening bell Wednesday morning, OPNET Technologies, Inc. (NASDAQ: OPNT), stock had already gapped to around $35 a share, it wasn't too long before morning trading sent the stock flying over 12% to $38 a share. By the closing bell the share price had settled down a bit but still up over 10% at the end of the day.
Geeknet, Inc. (Nasdaq:GKNT), the online conglomerate with sites such as SourceForge and ThinkGeek, increased revenue by $4.8 Million to $20 Million for the three months quarter ended June 30, 2011 versus $15.3 Million at the end of June 2010.
The growth was driven primarily by the company's online technology store ThinkGeek which increased revenue 36% to $14.3 Million from $10.55 Million in 2010. Other online operations brought in about a third of that amount, increasing 22% to $5.8 Million from $4.7 Million in 2010.
The proposed merger deal between Baltimore based Constellation Energy and Chicago based Exelon Corporation is still being relentlessly pursued. The merger is planned to close in the first quarter of 2012.
Exelon Corporation released slides reinforcing the merger at presentation during a supplier meeting.
The combined company would have an estimated market value of $35 Billion, a total customer base of 6.6 Million in 44 states and Washington, D.C. The customer base would be supplied over 35,671 megawatts.
General Dynamics (NYSE: GD) subsidiary General Dynamics Land Systems based in Ontario, Canada won a $42 Million contract to supply 33 Light Armored Vehicles (LAV-A2) to the United States Marine Corps.
Falls Church, Va., based General Dynamics' division will supply the LAV-A2 in several configurations. The vehicles will be designed to withstand various environments in air-ground defensive and offensive operations.
Mclean, Va., defense contractor Science Applications International Corporation (SAIC) (NYSE: SAI) won a follow-on contract for work on ammunition operations and to provide maintenance services to the Department of Defense.
The contract was awarded by the U.S. Army Materiel Command (AMC) and the work will be conducted in Chambersburg, Pa., Alexandria, Va., and Huntsville, Ala.
Under the agreement,SAIC services will help the National Level Ammunition Capability operations by integrating new technology to improve activities for joint military operations.
Bethesda based United States Enrichment Corporation (NYSE: USU)has named Marian K. Davis vice president and chief audit executive.
Davis will report to John C. Barpoulis, senior vice president and chief financial officer.
"Marian has an excellent track record of helping major corporations identify and address business risks," remarked Barpoulis. "We look forward to her valuable guidance as USEC continues to operate in a highly regulated business environment."
Competitive Power Ventures, Inc. (CPV) with corporate headquarters in Silver Spring, Maryland is developing an 800-megawatt power plant in Riverside County, California.
The CPV Sentinel Energy Center broke ground July 28, 2011 in the City of Desert Hot Springs. The natural gas-fired plant will be able to power an estimated 640,000 homes and will help mitigate power outages at high usage periods of the day.
Fulton, Md based Colfax Corporation (NYSE: CFX) announced a sharp increase in revenues for the second quarter ended July 1, 2011. An even greater percentage increase was reported for net income.
The Howard County company said revenues rose 51.8% to $186.7 Million from $122.9 Million in 2010. Net Income jumped 83.1% to $10.4 Million compared ($0.23 cents per diluted share) to $2.08 Million in the second quarter ended July 2, 2010.
Falls Church, Va based General Dynamics (NYSE: GD) reported declined revenues for the 2011 second quarter with $7.88 Billion reported for the three months period compared to $8.1 Billion in 2010. But net income increased to $653 Million in the quarter 2011, it was $648 Million in 2010.
Information Systems and Technology was the leading division in the second quarter measured by revenue, bringing in $2.8 billion.
Lockheed Martin Corporation (NYSE:LMT), the largest public company in the Baltimore-Washington area measured by revenues and profits said its net revenues totaled $11.6 Billion in the three months ended June 26, 2011, up from $11.3 Billion in 2010.
The Bethesda, Md., defense giant showed a net income that was down to $742 Million from $824 Million in 2010, due to the sale of Pacific Architects and Engineers, Inc. and Enterprise Integration Group (EIG) back in 2010, where the company gained a net sum.
Moving deeper into the healthcare industry, Science Applications International Corporation (NYSE: SAI) said it will purchase privately held Vitalize Consulting Solutions.
SAIC with headquarters in McLean, Va, said the purchase will expand upon it's government health solutions business where Federal clients are projected to integrate commercial products with their existing electronic health record (EHR) systems.
VCS, based in Kennett Square, PA provides information technology services to healthcare providers.
Government contractor and space technology company Orbital Sciences Corporation (NYSE: ORB) reported increased financial results. Revenues for the second quarter ended June 30, 2011 increased 5%percent to $354.3 million. Net income jumped to $ 21.15 Million from $6,34 Million in 2010. Cash on hand totaled
Orbital has a market capitalization of approximately $1 Billion the stock was up 2.62% to $17.62 per share at the market close on Thurday.
A portion of the press release is below. for the full press release please click on the following link.
Washington, D.C. based science and technology firm Danaher Corporation (NYSE:DHR) said net income rose 23% to $449.6 Million for the second quarter ended July 1, 2011. Including earnings from discontinued operations the total was $648.7 Million in profit.
Revenue totaled $3.7 Billion a 15.5% increase over 2010 which delivered $3.2 Billion.