Growing roots for more STEM
Local technology companies, concerned by a growing pool of jobs and an inadequate number of qualified employees, have increasingly focused on initiatives to improve what they call STEM — science, technology, engineering and mathematics. The focus is partly out of necessity. Many companies, such as defense contractors who need employees with security clearances, simply can’t […]
Satellite imagery companies brace for cut in federal funding for contracts
Herndon-based GeoEye and a competitor that also produces satellite images of Earth are bracing for a reduction in federal funding they had hoped would help sustain their businesses over the next decade. The National Geospatial-Intelligence Agency turned to the two companies in 2010 to augment the aerial-based imagery that federal agencies already collect from spy […]
Defense cuts could hit Virginia, Maryland tax revenue hard, report shows
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. This, combined with other starting findings, leave some concerned about the impact of pending defense […]
