Newport News-based Huntington Ingalls Industries has been awarded a contract from the Australian government to develop and run the new Australian Submarine Supplier Qualification (AUSSQ) pilot program that will build a submarine supply chain between the United States and Australia over the next two years, HII announced March 11. The contract’s initial value is about […]

Virginia Gov. Glenn Youngkin announced Tuesday that service disabled- and veteran-owned metal fabrication company TST Fab & Machine is investing $3 million to expand its existing Norfolk headquarters, with plans to create 56 jobs. Headquartered at 1060 W. 27th Street in Norfolk, the company fabricates sheet metal and manufactures machine parts for the Navy. The […]

The Trump administration’s push to sell federal office buildings across the nation appears to be far from dead. A revised version of the “non-core” federal properties list is being prepared, a spokesperson for the General Services Administration, the federal property management agency, stated on Monday. “We anticipate the list will be republished in the near […]

The proposed $35.3 billion blockbuster acquisition of Discover Financial Services by Capital One Financial has been approved by each company’s shareholders, the credit card giants announced Tuesday. Stockholders representing 85.1% of the total number of outstanding shares of Capital One common stock were in favor of the acquisition at a Tuesday meeting held in McLean. […]

Falls Church construction company Hitt Contracting announced Wednesday it has scored a joint contract on Arlington County-based Boeing’s $1 billion expansion project in North Charleston, South Carolina.  Hitt will partner with North Carolina’s BE&K Building Group to expand Boeing’s 787 Dreamliner airplane production facilities in North Charleston, announced by South Carolina’s governor in December 2024. Boeing […]

Virginia gained several tourism attractions in the last year, from casino resorts to sports facilities, and saw more projects get underway. In 2024, Virginia’s three casinos brought in about $732.2 million in adjusted gaming revenues, up nearly 32% from 2023. Part of that increase can be attributed to the Caesars Virginia casino in Danville, which […]