Fairfax County Economic Development Authority Business News – August 11

Fairfax County EDA Travels to Israel to Foster U.S. Business Expansion Opportunities

After a hiatus of more than two years due to the COVID-19 pandemic, the Fairfax County Economic Development Authority (FCEDA) returned to Israel for a market research trip in June 2022. Led by Asher Kotz, FCEDA’s business investment manager for cybersecurity and Israel, the purpose of the trip was to promote Fairfax County as a favorable entry point for Israeli companies looking to expand into the United States.

“In 2022, the US market represents an important destination for many Israeli companies and for their growth strategy. With direct flight service between Tel Aviv and Washington Dulles International Airport, Fairfax County and the Northern Virginia area is an ideal location for Israeli businesses to expand their operations,” said Asher Kotz. “And with the continued strength of the U.S.-Israel economic alliance and a wide range of sectors of collaboration between the two countries, Northern Virginia is the primary U.S. hub for business in industry sectors such as cybersecurity, smart city, AI, cloud and data centers, homeland security and defense, and sustainability technologies.

Click here to know more.

Fairfax County Celebrates Black Affairs Month

Fairfax County Board of Supervisors Chairman Jeffrey C. McKay presented a proclamation Aug. 2, passed 10-0 by the Fairfax County Board of Supervisors, to the Northern Virginia Black Chamber of Commerce recognizing august as Black Affairs Month in Fairfax County. Fairfax County is home to 639 businesses of Black-owned employers. This is the highest number of any locality in Virginia. Together, these companies generate more than $1.8 billion in annual revenue and employ more than 11,000 people in Fairfax County. Click here to learn more about National Black Affairs Month.

Army Cooperation

Based on Tysons SpaceLink was selected by the US Army to participate in studies aimed at improving a space communications network. Through a cooperative research and development agreement, SpaceLink personnel will team up with the Army’s Space Command and Missile Defense Technical Center to enable a communications network that is sustainable and reduces lags between endpoints. Dave Bettinger, CEO of SpaceLink, noted that the collaboration will help the company align its strategies and plans with the Army’s mission. Additionally, he said the organizations will bring benefits to the military and commercial sectors by “sharing facilities, intellectual property and expertise.” ExecutiveBiz see you.

Catch fireflies

Based in the Falls Church area Northrop Grumman and Texas-based Firefly Aerospace announced that they will work together to develop a new first stage for Northrop’s Antares launch vehicle as well as a future medium-lift rocket, SpaceNews reported. The new version of the Antares, called Antares 330, will feature a first stage using seven Miranda engines under development by Firefly. The stage will also use Firefly composites for its structure and tanks. The vehicle is designed to take off from the current platform at Virginia Mid-Atlantic Regional Spaceport which hosted all previous Antares launches.

Commercial space collaboration

Based in Centerville Parsons entered into an agreement with a detection and analysis company based in Colorado Aurora Preview at collaborate in the research and development of the commercial space provide state-of-the-art general capabilities for the national and international military sector, ExecutiveBiz reported. The companies will combine https://aurorainsight.com/ir’s expertise in data collection and analysis, algorithmic processing and analytical interpretation to develop new methods to generate actionable insights into the spectrum of radio frequencies and wireless network infrastructure. Over the past 18 months, the two companies have partnered on several efforts to advance access to RF spectrum information and develop next-generation hybrid commercial and government space capabilities.

Space Pioneer Rides

Based on Tysons world spire will be host a second Earth imaging payload for Hancom InSpacewhich became the first South Korean private company to operate a commercial satellite mission earlier this year, SpaceNews reported. Hancom is a spin-off from the South Korean space agency and specializes in image analysis to track vehicles and changes in infrastructure and the environment. “Hancom is pioneering the South Korean space industry as the first private company to deploy satellites, and we are excited to work with them to further develop their constellation,” said Joel Spark, co-founder and CEO of Space. Services. , Arrow.

World Chart Tops

Four Northern Virginia-based companies landed spots in Fortune magazine Global 500 List, which was released last week and ranks the world’s 500 largest companies by total revenue. The highest-ranked Virginia company on this year’s list is Tysons-based Federal Home Loan Mortgage Co. (“Freddie Mac”). Rankings on the list are also General dynamics (Rest on); Northrop Grumman (area of ​​the church of the falls); and Capital one (Tyson). Two other companies — Raytheon Technologies and Boeing — who were on this year’s Fortune Global 500 list are in the process of moving their world headquarters to Arlington County, Virginia. Amazon, which placed at no. 2 on the list, headquartered in Seattle, the online retailer is building its $2.5 billion HQ2 East Coast headquarters in Arlington County. Virginia Affairs see you.

Transformational platform

Farnborough, UK, headquartered QinetiQ GroupThe American branch of Lorton agreed to buy Based on Tysons and Reston Federal Front of NewSpring Holdings for $590 million to expand its presence in the United States and establish a platform for growth to address defense and intelligence challenges faced by government customers, according to GovConWire. QinetiQUS said it expects the acquisition to close by the end of calendar year 2022. “This acquisition is a transformational platform that delivers on our growth strategy of building a disruptive mid-level defense and intelligence,” said Shawn Purvis, president and CEO of Qinetic US.

Cloud connection

Based on Tysons Booz Allen Hamilton and cloud software provider based in Fulton, Md. Kion agreed to partner to provide government customers with cloud governance and management capabilities. “This partnership combines Booz Allen’s approach to technical transformation and acceleration with Kion’s best-in-class cloud enablement platform,” said Dan Tucker, senior vice president at Booz Allen and chief solutions officer. cloud and data engineering company for citizen services. Kion’s cloud enablement platform helps organizations streamline governance and management activities by providing automation, compliance and financial management capabilities, reported ExecutiveBiz.

To the edge and beyond

Unmanned and autonomous technology company Autonomy at the edgeheadquartered in San Luis Obispo, Calif., with key support offices in Herndon, has reached an agreement to acquire an alternative fuels producer Adaptive Energy. With the company’s move, Edge Autonomy added manufacturing capability for solid oxide fuel cells, which allow their team to power unmanned aerial vehicles, among other uses, ExecutiveGov reported. John Purvis, CEO of Edge Autonomy, explained that the company has used AE’s solid oxide fuel cell technology for several years and said that it was pleased to expand its research and development efforts. organization in order to discover new paths towards an efficient and multipliable autonomous vehicle. Feature.

Strengthen communications market capabilities

Transactional network services (TNS), a Reston-based network and services provider used in transactions and information exchange, has acquired the Silicon Valley-based company AGNITY France, a developer of intelligent enterprise communications applications and infrastructure. TNS said the move strengthens its capabilities in the communications market through AGNITY’s distribution partnership business model which covers more than 12 countries. Founded in 2008, AGNITY powers the networks of many service providers with its communication application server. Potomac Tech Wire picked up The version.

Job postings take off

Boeing holds job fairs in Fairfax (August 15), Herndon (August 12) and Arlington (August 11) to fill multiple positions as the aircraft maker establishes its world headquarters in Northern Virginia. In a press release, Boeing said that in addition to designating Northern Virginia as its new headquarters, the company “plans to develop a research and technology center in the region to leverage and attract engineering capabilities and techniques”. WJLA has more on hiring events.

About Fairfax County
Economic Development Authority

The Fairfax County Economic Development Authority (FCEDA) promotes Fairfax County, Virginia as a center for business and technology. FCEDA offers site location and business development assistance, as well as relationships with county and state government agencies, to help businesses locate and grow in Fairfax County. .

Want to learn more about FCEDA services or how economic development helps Fairfax County? Visit the FCEDA website or email info@fceda.org.

Fairfax County: “One of the great economic success stories of our time” — TIME

Comments are closed.