Fairfax County E-Bird for July 2, 2019
Now hear this: The E-Bird staff will take a few days off to enjoy the sun and fun in and around Fairfax County. We wish you a happy and safe Independence Day celebration and look forward to returning to your in-box on July 9.
Security in demand: Tysons-based NowSecure Inc., developer of an automated mobile app security-testing platform, raised a fresh $15 million and has plans to expand its workforce and physical presence in the area. In a story for Washington Business Journal subscribers, Andy Medici reports that the company, once-headquartered in Chicago, previously raised about $12.5 million. ForgePoint Capital led the new round of funding for NowSecure, which employs about 60 and has attracted big-name customers such as Capital One, Carfax and Home Depot.
Center of attention: The Virginia Department of General Services is accepting bids through July 22 for the 28.3-acre site Center for Innovative Technology site that straddles Fairfax and Loudoun counties. Daniel J. Sernovitz of the Washington Business Journal notes that one potential developer, Middleburg-based Crimson Partners, is floating plans for a 1.1 million-square-foot mixed-use development on the property. Fairfax County last year approved higher development limits on its portion of the site.
Instantly mammoth: L3Harris Technologies became the sixth-largest defense contractor in the U.S. when the all-stock merger of L3 Technologies and the Harris Corporation was announced Monday. William McCormick of ExecutiveBiz reports that L3Harris employs more than 50,000 and generates about $17 billion in revenue, with customers for its advanced defense and commercial technologies in 130 countries. The combined company is headquartered in Melbourne, Fla. Each company has maintained facilities in Herndon and Chantilly, with L3 also operating in Centreville.
Not just any salute: The Washington Business Journal feted its first-ever Veterans in Business Award winners on June 27. Among those receiving recognition were: Kimberly Hayes, CEO of The Ambit Group, a business management consulting firm in Tysons; Francis Hoang, partner at FH+H, a Tysons-based law firm; Mark Rockefeller, CEO of StreetShares, a provider of small-business loans based in Reston; and Frank Tucker, CEO of health-information technology firm MicroHealth, headquartered in Tysons.
Growth is Contegix: Contegix, a Reston-based managed-service provider that focuses on apps to improve customer experiences, says it completed four acquisitions during the past two years and has more than 1,000 enterprise customers. Potomac Tech Wire noted the growth and linked to the company site.
All’s fare: With the advent of transportation network companies such as Uber and Lyft, demand for taxicab certificates has diminished substantially in Fairfax County. The Tysons Reporter‘s Vernon Miles writes that no new certificates were issued at the June 25 Board of Supervisors meeting. With the number of cabs in the county declining from 654 to 368 since 2016, the board expressed the need to maintain an adequate number of wheelchair-accessible vehicles.
New deposit: Trustar Bank will open in Great Falls on July 10, making it the first new bank to open in the Washington area in more than a decade. According to Andy Medici of the Washington Business Journal, Trustar also plans to open a commercial-lending office in Tysons and a branch in Reston Town Center. The last new bank to open in the region was Fairfax-based FVCBank in 2007.
More banking news: Old Dominion National Bank, which moved its headquarters from Charlottesville to Tysons, has quadrupled in size according to Andy Medici’s story for Washington Business Journal subscribers. Management says the bank, which had $56 million in assets in 2016, is on track to eclipse $10 million in revenue and become profitable this year.
Notable contract wins by firms in Fairfax County
- General Dynamics Information Technology won a contract worth a potential $217 million over 99 months to support the Air Force’s 480th Intelligence, Surveillance and Reconnaissance Wing. Washington Technology
- Lockheed Martin secured a potential $124.9 million Navy contract to integrate and test a combat system on guided-missile frigates. GovConWire
- Elbit Systems of America received a one-year, $26 million contract to install a multisensory surveillance system to enhance situation awareness for Border Patrol agents in Arizona. ExecutiveBiz
- Serco picked up an $8.3 million task order to upgrade voice announcement systems that warn naval installations and surrounding communities of impending emergencies. ExecutiveBiz
- Under an Army contract, Leonardo DRS will integrate and demonstrate an on-board vehicle-power system for the Terminal High Altitude Area Defense system. GovConWire
- Raytheon received a potential $47.7 million Air Force contract to conduct a preliminary review of a next-generation integrated circuit to support development and testing of GPS receivers. ExecutiveBiz
Upcoming business events
- July 10: Effective Communication for Increased Productivity. Learn techniques to connect, collaborate and communicate, build team bonds and foster professional relationships. Part of the Business Education Series presented by the Greater Reston Chamber of Commerce. Click here.
- July 24: Break Through the Noise! Marketing Strategies to Attract the Right Leads & Get More Clients. Workshop will detail a marketing system to help participants stand out and connect with ideal clients. Part of the Business Education Series presented by the Greater Reston Chamber of Commerce. Click here.