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Recent Articles from Beth JoJack
AeroVironment to acquire BlueHalo for $4.1B
AeroVironment, an Arlington County defense contractor, announced this week it will purchase aerospace and defense tech firm BlueHalo for approximately $4.1 billion in an all-stock transaction. Also based in Arlington, BlueHalo is owned by private equity firm Arlington Capital Partners and works in space technologies, counter-uncrewed aircraft systems, directed energy, electronic warfare, cyber, ar[...]
Va. casinos report $57M in October revenue
Gaming revenues for Virginia’s three casinos totaled $57.04 million in October, according to data the Virginia Lottery released Friday. Last month, the temporary Bristol Casino: Future Home of Hard Rock reported about $13.41 million in adjusted gaming revenues (wagers minus winnings), of which about $11.16 million came from its 898 slots and about $2.26 million […]
Appalachian Power plans small nuclear reactor in Campbell
Appalachian Power, an electric utility subsidiary of American Electric Power which serves more than one million customers in Virginia, West Virginia and Tennessee, announced plans Thursday to bring a small modular nuclear reactor (SMR) project to Campbell County. The company, which has its headquarters in Charleston, West Virginia, has identified a potential site for the […]
Youngkin announces plan to grow workforce housing
At the Governor’s Housing Conference in Virginia Beach Thursday, Gov. Glenn Youngkin unveiled the Workforce Housing Investment Program, an initiative at Virginia Housing that will invest $75 million over five years to spur the creation of workforce-priced housing. The funding holds the potential, according to a news release from the Governor’s Office, to “catalyze $750 […]
American Diabetes Assoc. chair tackles disease’s workforce impact
More than 780,000 adults in Virginia have diabetes. The indirect cost from lost productivity due to the disease in 2017 in this state alone was a whopping $2.3 billion, according to the American Diabetes Association. That’s why Rhodes Ritenour, national chairman of the ADA’s board and vice president for external and regulatory affairs with Bon […]
Developer downscales plans for Pittsylvania power plant/data center campus
The developer planning a natural gas power plant and data center campus on 2,233 acres in the Banister and Callands-Gretna districts of Pittsylvania County withdrew its rezoning application Monday, after facing vocal opposition from residents at public meetings held last week. Instead, Herndon-based Balico, the development company behind the project, intends to file a rezoning […]
Accenture Federal Services wins $1.6B task order
Accenture Federal Services has been awarded a task order of up to $1.6 billion to scale and enhance Cloud One, the cloud computing platforms available to the U.S. Department of Defense that are managed by the Air Force, the Arlington County federal contractor announced last week. “Accenture Federal Services will help the U.S. Air Force […]
Work begins on phase 2 of McLean affordable housing development
Construction has started on the second phase of the two-phase Somos at McLean Metro, an affordable housing development backed by Amazon.com, SCG Development, a Tysons real estate developer, announced last week. Work on the 231-unit first phase began in April. Phase B will add 225 new units, a mix of studio and one-, two- and […]
NoVa developer won’t pull plans for Pittsylvania power plant, data centers
Despite vocal public opposition, developer Irfan Ali of Herndon-based company Balico says he’s still moving forward with seeking local government approval for a power plant and data center campus he wants to build on 2,233 acres in the Banister district of Pittsylvania County. County residents turned out in large numbers for two public meetings about […]
Avionics manufacturer will invest $5M on Reston office and R&D facility
CMC Electronics, a Montreal-based avionics manufacturer, will invest $5 million to establish an office and research and development facility in Reston, Gov. Glenn Youngkin announced Friday. Initially, the project will create 89 jobs, with more positions expected as operations increase, according to the governor’s office. “This creation of new high-tech jobs demonstrates the strength of [&helli[...]
