Business Archives - Page 2 of 7

Published February 25, 2022 at 10:49AM

Amentum is a premier global technical and engineering services partner supporting critical programs of national significance across defense, security, intelligence, energy and environment. Headquartered in Germantown, Md., the company employs more than 37,000 people in all 50 states and performs work in 105 foreign countries and territories.

Amentum announced today the appointment of John Heller as chief executive officer, effective March 28. The company’s current CEO John Vollmer, who led the organization since its launch in January 2020, will continue with the company as chairman of Amentum’s Board of Directors. Heller previously served as CEO of PAE Incorporated for seven years until March 2021.

Bethesda

Bethesda: Donohoe Hospitality Services Appoints Two Vice Presidents

By MCS Staff

Published February 25, 2022 at 10:36AM

Neeta Mayur Promoted to Vice President, Revenue Management and Seon Heo Promoted to Vice President of Sales and Marketing

Thomas Penny, III, President of Donohoe Hospitality Services (DHS), a division of Bethesda-based Donohoe, announced the appointments of two vice presidents. Neeta Mayur has been promoted to vice president, revenue management, and Seon Heo has been promoted to vice president of sales and marketing.

Business

Gaithersburg: Novavax Announces Shipments of its COVID-19 Vaccine to European Union Member States

By MCS Staff

Published February 25, 2022 at 10:27AM

A vial of Nuvaxovid™ COVID-19 Vaccine (recombinant, adjuvanted), the first protein-based COVID-19 vaccine available in the European Union

Immunizations with Nuvaxovid™ to begin in coming days

Gaithersburg-Based Novavax has started shipping its Nuvaxovid Covid-19 vaccine to European countries, according to a press release from earlier this week.

Business

Watkins Mill Graduate Sid Viswanathan Appointed as Truepill CEO

By MCS Staff

Published February 25, 2022 at 9:22AM

Viswanathan co-founded the company in 2016 and previously served as President

Appointment ushers in new growth phase for Truepill following $142M Series D, $1.6B valuation, and launch of innovative suite of COVID-19 solutions

Business

Montgomery County: Aquilino Cancer Center Receives $1.5M to Support Pioneering Cancer-Care Programs

By MCS Staff

Published February 21, 2022 at 9:34AM

The Aquilino Cancer Center, part of Adventist HealthCare’s Shady Grove Medical Center, is the first free-standing community cancer center in Montgomery County, MD that houses all patient services under one roof. Within Aquilino, is the Bill Richards Center for Healing, named for William (Bill) Richards, PhD, a world-renowned pioneer in the treatment of the depression and anxiety that frequently accompanies a cancer diagnosis.

On February 2nd, the center announced it received two significant donations totaling $1.5MM to continue its pioneering research and innovative therapies. Long-time supporters of Shady Grove Medical Center, Mike and Amy Aquilino are among the healing center’s most ardent supporters and the force behind naming the center to honor Dr. Richards.

Beyond MoCo

MoCo Resident-Owned Gentleman’s Club in DC Will Be First of Its Kind in the U.S. to Include Sportsbook Inside

By MCS Staff

Published February 20, 2022 at 10:57AM

Elys Game Technology, an interactive gaming and sports betting technology company, earlier this week announced an agreement for The Cloakroom (“Cloakroom”) to operate a sportsbook with located at 476 K St. NW, Washington DC, 20001. The Cloakroom is a gentleman’s club that is co-owned by Montgomery County native and resident Tony Cavasilios. “I’m bringing something to our region that has not been done anywhere. This will be the first Gentleman’s club in the country that will have a sports book inside of it.” said Cavasilios.

The partnership with Cloakroom would represent the Company’s second successful execution of its strategy to offer advanced betting technology through a white label sportsbook solution in restaurant and bar venues. Elys launched its small business strategy in October 2021 with the Grand Central Restaurant and Sportsbook (“Grand Central”) in the Adams Morgan area of Washington, DC. Since then, metrics sequentially for October, November, and December have shown significant growth period-over-period for both Elys and Grand Central.

Business

Germantown: Milestone Business Park Begins Transformation to ‘Milestone Innovation Park’

By MCS Staff

Published February 20, 2022 at 9:45AM

Back in April 2021, Matan Companies announced plans to transform its Milestone Business Park in Germantown into a vibrant and collaborative life sciences destination known as Milestone Innovation Park.

The transformation will include the addition of 532,000 square feet of best-in-class bio-manufacturing and life science research space in three, brand new facilities. Milestone Innovation Park is located at Milestone Center Ct near William B. Gibbs Elementary School and sits along the I-270 Biotech Corridor with prominent visibility on I-270 at Father Hurley Boulevard in Germantown. Once complete Milestone Innovation Park will be one the largest, science-based destinations in the BioHealth region at over 1.2 million square feet.

Business

Germantown’s Amentum Completes $1.9 Billion Acquisition of PAE

By MCS Staff

Published February 17, 2022 at 9:06PM

Earlier this week, Germantown-based Amentum announced the $1.9 billion acquisition of PAE Incorporated (“PAE”), a global leader in delivering innovative mission-critical solutions to the U.S. government and its allies on all seven continents.

Amentum is a premier global technical and engineering services partner supporting critical programs of national significance across defense, security, intelligence, energy and environment. Headquartered in Germantown, Md., the company employs more than 37,000 people in all 50 states and performs work in 105 foreign countries and territories.

Bethesda

Bond Vet, Urgent Care for Pets, Set to Open Bethesda Location

By MCS Staff

Published February 17, 2022 at 10:08AM | Updated November 2, 2022 at 11:42AM

Bond Vet, a design-forward, tech-enabled brand of veterinary care clinics in New York, will be expanding to the D.C. Metro area with a new location in Bethesda, according to Forbes. It will be taking over a corner location at 7025 Bethesda Row, formerly home to Fitness Resource and a more recent Nook pop-up, where signage has already gone up according to local restaurant owner Wesley Yao.

In October, the company announced a $170 million investment from Warburg Pincus, a leading global growth investor. The funding will be used to expand Bond Vet’s footprint and invest in equipment, training, culture and technology to further improve the clinical experience for veterinarians, pets and pet parents alike. It will also start Bond Vet’s expansion into markets outside of New York, with the upcoming Bethesda location and another new location in the Boston area.

Business

Rockville’s Compost Crew Wins National Organics Diversion Program of the Year Award

By MCS Staff

Published February 16, 2022 at 4:30PM

The US Composting Council recognized a Rockville composting company, Compost Crew, at the USCC’s annual conference in Austin, Texas. At the United States Composting Council achievement awards, the Organics Diversion Program of the Year Award went to Rockville’s Compost Crew.

Ben Parry, Chief Executive Officer, acquired the company in 2018. Compost Crew is based in Rockville, MD and provides collection services throughout the DMV area by supporting community resilience and developing several modular small-scale compost facilities.

Bethesda

Lockheed Martin Terminates $4.4 Billion Agreement to Acquire Aerojet Rocketdyne Following FTC Lawsuit

By MCS Staff

Published February 15, 2022 at 10:10AM

Headquartered in Bethesda, Maryland, Lockheed Martin Corporation is a global security and aerospace company that employs approximately 114,000 people worldwide and is principally engaged in the research, design, development, manufacture, integration and sustainment of advanced technology systems, products and services.

On Sunday, Lockheed Martin Corporation (NYSE: LMT) announced it terminated its agreement to acquire Aerojet Rocketdyne Holdings, Inc. (NYSE: AJRD).