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Va. weathering shutdown storm so far

While the partial federal shutdown is hitting home for federal workers and contractors, Virginia Gov. Bob McDonnell says the ramifications on the commonwealth have not been as significant as he expected.

Tuesday - 10/08/2013, 08:35pm EDT

Tags: Bob McDonnell, shutdown, Max Smith

Cuts could delay FAA NextGen program 10 years

A Federal Aviation Administration program that would transform air traffic control and contribute billions of dollars to contractors' coffers could be scaled down and delayed a decade if $1.2 trillion in automatic federal cuts occur as scheduled on Jan. 2, according to a new report.

Tuesday - 08/14/2012, 09:17am EDT

Tags: FAA, sequestration, Boeing Co., TASC Inc., SRA International

Companies already seeing fallout from restrained spending

The threat of layoffs is causing some employees of large defense contractors to move on to what they perceive to be more stable industries, said John Jumper, CEO of McLean- based SAIC Inc., in an interview with Washington Business Journal about the impact of pending federal budget cuts.

Monday - 07/30/2012, 10:03pm EDT

Tags: McLean, SAIC Inc.,

Defense cuts could hit Va., Md. tax revenue hard

Virginia has aerospace and defense companies to thank for $78.71 million in 2010 taxes paid on state income and total gross revenue, and $75.6 million in individual employee income taxes, according to a study commissioned by the Aerospace Industries Association.

Wednesday - 03/07/2012, 09:30am EST

Tags: Aerospace Industries Association, aerospace

Northrop Grumman prepares to phase out supplemental retirement

orthrop Grumman Corp. will phase out by 2015 two programs intended to lure executives with supplemental retirement contributions, according to a Dec. 21 report filed with the Securities Exchange Commission

Friday - 12/30/2011, 02:35pm EST

Tags: Northrop Grumman, Falls Church, Securities Exchange Commission

Lockheed gets $167M C-130 upgrade contract

Monday - 12/19/2011, 04:00pm EST

Tags: Lockheed Martin, Bethesda