latest news

Northrop Grumman receives two contracts totaling $1.4B
Northrop Grumman has received two air and missile defense contracts worth a combined $1.4 billion, the Falls Church-based Fortune 500 government contractor announced last week. The contractor received two contracts from the U.S. Army and Poland. Under the $481 million, five-year contract from the Army’s Aviation Missile Technology Consortium, Northrop Grumman will expand software development […]
Industries

Hampton University achieves prestigious R2 research status
Hampton University announced last week that it has obtained Research 2 designation — making it one of the few historically Black colleges and universities to do so. The university received the designation from the Carnegie Classification of Institutions of Higher Education, which ranks research institutions based on the volume and breadth of their research activity. […]
Real Estate

Iron Mountain plans $1B data center campus in Henrico
Boston-based Iron Mountain has acquired a 66-acre site in Henrico County with plans for a major data center campus, the Greater Richmond Partnership announced Tuesday. Henrico Economic Development Authority Executive Director Anthony Romanello says Iron Mountain’s campus in White Oak Technology Park will house four data center buildings covering more than 1 million square feet. […]
Money

$1.6B Atlantic Union purchase of Sandy Spring Bank clears main hurdles
The parent companies of Atlantic Union Bank and Sandy Spring Bank have cleared the last major hurdles to the Richmond bank’s $1.6 billion all-stock purchase of Sandy Spring, headquartered in Maryland. The shareholders of Atlantic Union Bankshares and stockholders of Sandy Spring Bancorp approved the merger, first announced in October 2024, in their separate special […]
Government

Va. casinos report more than $72M in January revenue
January gaming revenues from Virginia’s casinos totaled $72.34 million, according to a report from the Virginia Lottery released Friday. Last month, Hard Rock Bristol casino reported about $18.52 million in adjusted gaming revenues (wagers minus winnings), of which about $15.16 million came from 1,486 slots and $3.36 million came from 77 table games. The Virginia […]
Hotels/Tourism

Fairfax casino bill appears to be dead, following subcommittee vote
A bill that would have given Fairfax County the right to hold a casino referendum is likely dead for the 2025 session, after passing a vote last week in the Virginia State Senate. Senate Bill 982, introduced by Democratic Sen. Scott Surovell, was passed by for the day — in other words, not passed along […]
Energy/Green
- Cost of Va. Beach wind farm increases by close to $1B
- Big tech company to buy power from Va.’s first onshore wind farm
- World’s first commercial fusion power plant planned for Chesterfield
- Dominion Energy COO Diane Leopold to retire after nearly three decades
- Judge rules Youngkin’s RGGI exit was unlawful
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