- The Washington Times - Monday, April 21, 2008

Washington Real Estate Investment Trust of Rockville said it agreed to buy Lansdowne Medical Office Building, an 85,300-square-foot medical office development under construction, for $19.5 million. The project is located on Riverside Parkway in Loudoun County, Va.

• Sterling, Va., satellite company Orbital Sciences said first-quarter net income increased 19 percent to $13.7 million (23 cents per share) from $11.5 million (19 cents) ia year ago. Sales rose 30 percent to $296 million. The company said strong orders will boost results for the rest of the year.

Orbital Sciences said that the Air Force Space and Missile Systems Center ordered three additional Minotaur space-launch rockets for $40 million. The launches will take place from 2010 through 2011.

Horne International Inc. of Fairfax, a provider of environmental and technical engineering services, said its net loss widened to $20 million last year from $6.4 million the previous year. Sales fell to $17.7 million from $28.3 million in 2006. The company said it closed two unprofitable manufacturing and repair businesses during the year.

• Springfield, Va., engineering services provider Versar Inc. said it won a contract worth up to $4.3 million for management and staffing services in Iraq dealing with security and strategic planning for an unnamed federal agency.


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