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Recent Articles from Beth JoJack
CACI strikes $1.27B deal to buy RF electronics provider
CACI International has entered into a $1.275 billion definitive agreement to acquire Azure Summit Technology, the Reston-based Fortune 1000 government contractor announced Monday. Based in Fairfax and founded in 2007, Azure Summit develops high-performance radio frequency (RF) hardware and software for the U.S. Department of Defense. Pending regulatory approval, the all-cash deal is expected to [...]
Cannabis authority chooses Shenandoah Valley provider
On Thursday morning, the Virginia Cannabis Control Authority selected AYR Virginia, a wholly owned subsidiary of AYR Wellness, a cannabis operator in eight states, as the winner of a conditional approval that puts it on the path to become the sole licensed pharmaceutical processor of medical cannabis for a region of Virginia that includes the […]
BWX Technologies names Nuclear Operations Group head
BWX Technologies has tapped Gary D. Camper to be president of BWXT Nuclear Operations Group, according to a Tuesday announcement. Based in Lynchburg, Camper will lead more than 5,000 employees at five sites across four states, all of whom are manufacturing nuclear reactor components and fuel for U.S. Navy submarines and aircraft carriers. Camper has […]
Electra.aero names new CEO
Electra.aero has named B. Marc Allen its new CEO, succeeding founder John S. Langford, who will remain chairman, the Manassas-based aviation startup announced Thursday. Allen spent the bulk of his career, nearly two decades, at Boeing, which is headquartered in Arlington County. Since 2020, he served as chief strategy officer and senior vice president for […]
Portsmouth business owner pleads guilty to $1.3M Medicaid fraud
The owner of a Portsmouth home health care and mental health care services business with a location in Chesapeake pleaded guilty Monday to charges stemming from illegally receiving more than $1.32 million through Medicaid fraud, the Eastern District of Virginia U.S. Attorney’s Office announced Tuesday. Whitteney Guyton pleaded guilty to one count of health care […]
Smithfield separates from European arm
Smithfield Foods announced Tuesday that its European operations have been carved into an independent subsidiary. The action takes place a little over a month after Smithfield’s Chinese parent company, WH Group, which has its headquarters in Hong Kong, announced plans to take the company public in the United States. Smithfield Europe, now to be called […]
Roanoke-area pediatrician is suspended over alleged sexual, profane comments
Following complaints from co-workers and patients’ parents over sexual and profane comments, the Virginia Board of Medicine suspended the medical license of Roanoke-area pediatrician Dr. Dalton M. Renick on Aug. 22, stating that “a substantial danger to public health or safety” warranted Renick’s summary suspension. The board’s Notice of Formal Hearing included allegations th[...]
Martinsville industrial property sells for $2.35M
An entity connected to Time Equities, a New York diversified investment, development, asset and property management and alternative energy company, purchased a 99,500-square-foot industrial building in Martinsville currently leased by Atlas Molded Products on Aug. 14 for $2.35 million, according to real estate records and a Cushman & Wakefield | Thalhimer news release. Time Equities [&hellip[...]
Virginia Housing board elects officers
Members of the Virginia Housing Development Authority’s Board of Commissioners elected Sarah Barrie Stedfast chair, the organization announced last week. Stedfast is venture president at Norfolk’s RW Towne Mortgage, a subsidiary of TowneBank Mortgage, and is active in the Virginia and Tidewater mortgage bankers associations. She has a degree in business finance from Virginia Tech. [...]
Inventory grew in Va. housing market in July
Inventory grew for Virginia’s housing market in July, according to Virginia Realtors data released Aug. 21. At the end of July, there were 19,162 active listings in the state, which was 4,223 more listings than in July 2023 — a 28.3% increase. Of those listings, 12,439 came onto the market in July, a 13.6% increase […]
