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Recent Articles from Beth JoJack
Inova receives $10M gift from Apex Systems co-founder
Apex Systems co-founder Win Sheridan has made a $10 million planned gift commitment to Inova Health System, Inova announced late Thursday. “When you’re battling a serious disease, having world-class care that you don’t have to travel for makes all the difference,” Sheridan said in a statement provided by Inova. “At the end of the day, […]
Intelsat strikes $250M deal with Eutelsat Group
McLean-based satellite services provider Intelsat has committed to secure low-Earth orbit service for six years for $250 million from Paris-based Eutelsat Group’s OneWeb low-Earth orbit (LEO) constellation service, with an option for another $250 million, Intelsat announced Tuesday. “We’ve been partnering with Eutelsat for quite some time now, leveraging its OneWeb LEO constellation [...]
Va. real estate industry weighs in on $418M Realtors settlement
UPDATED MARCH 21, 2 P.M. A landmark, $418 million proposed court settlement from the National Association of Realtors over allegations of a conspiracy to boost agent commissions could have seismic implications for the residential real estate industry, with some national experts going so far as to call it one of the biggest changes to the […]
Critical minerals co. reactivates Petersburg operation
Petersburg-based Atlantic Strategic Minerals will invest more than $50 million to restore and reopen a mining operation in Dinwiddie County and a concentrator plant and mineral separation plant in Sussex County, producing critical minerals that are used in various supply chains, the governor’s office announced Monday. The project is expected to create 71 jobs at […]
Leidos receives $158M Air Force contract
Reston-based Fortune 500 contractor Leidos won a follow-on contract valued up to $158 million to develop and expand the Air Force’s Command and Control Incident Management Emergency Response Application, a government-owned software application system, the company announced Thursday. Kessel Run, a division within the Air Force Life Cycle Management Center, awarded the contract, which has [&[...]
Dominion closes sale of East Ohio Gas for $6.6B
Richmond-based Fortune 500 utility Dominion Energy closed on its sale of East Ohio Gas to Canadian pipeline and energy company Enbridge in a $6.6 billion deal, the utility announced Thursday. The sale was first announced in September 2023 as part of a deal for Dominion to sell its three natural gas distribution companies. The Public […]
Modine will invest $18.1M in Rockbridge County expansion
Modine Manufacturing, a manufacturer of cooling equipment for data centers, will invest $18.1 million to expand its Rockbridge County operation, creating an estimated 211 jobs, Gov. Glenn Youngkin announced Tuesday. Wisconsin-based Modine, which builds thermal management systems and components, saw $2.3 billion in net sales in fiscal year 2023, a 12% increase over the previous […]
New president and CEO named for Herndon’s Deltek
Deltek announced Tuesday that Bob Hughes will become the Herndon-based software company’s president and CEO in April when current leader Mike Corkery moves to an operating group executive role at Roper Technologies, Deltek’s Florida-based parent company. Previously, Hughes worked as an executive at Kronos, a workforce management software company. When Kronos merged with Ultimate Soft[...]
McLean’s Iridium to purchase Satelles
McLean-based Iridium Communications, a global satellite communications company, has entered into an agreement to acquire Satelles, a Reston-based provider of satellite-based time and location services that serve as a backup for GPS and other global navigation satellite systems (GNSS), Iridium announced Monday. Satelles’ positioning, navigation and timing (PNT) service is known as Satellite T[...]
Light at the end of the tunnel
Off and on since the 1980s, John Rivera has commuted from his home in Hampton to Naval Station Norfolk. He’s seen Interstate 64 grow from two to four lanes in the region, but these days, Rivera, a ship maintenance manager for the U.S. Navy, mainly sees lots of traffic jams caused by the $3.9 billion […]
