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Recent Articles from Courtney Mabeus-Brown
Glen Allen shopping center sells for $9.5M
A shopping center anchored by a Michaels craft store in Glen Allen sold for $9.5 million, Cushman & Wakefield | Thalhimer announced. Airport Hotel LLC, of Ellicott City, Maryland, bought Broad Street Plaza, located at 9856-9864 W. Broad St. in Henrico County, on Sept. 12. The four-tenant retail center is 100% leased and includes a […]
Liberty University partners with Spirit in pilot pipeline program
Liberty University is partnering with Spirit Airlines in a pipeline program to land aeronautics graduates jobs as pilots amid a national shortage. Spirit, a low-cost airline headquartered in Miramar, Florida, with presences at Richmond and Norfolk’s airports, announced the partnership Thursday. Liberty, which has an aeronautics school, is the 10th partner in the airline’s Spirit [&hell[...]
Canadian company to spend $22.8M to expand to Suffolk
Toronto-based Automatic Coating Ltd., which provides advanced custom powder, liquid, and blasting, will invest $22.8 million to open its first U.S. location in Suffolk, adding an estimated 50 jobs, Gov. Glenn Youngkin announced Thursday. Virginia competed with Florida for the project. The move supports an existing contract with the U.S. Navy, and the company plans […]
Three Va. universities land on top patents list
Three Virginia research universities have made the National Academy of Inventors’ new list ranking the nation’s universities that were granted the most patents in 2022. The University of Virginia, Virginia Commonwealth University and George Mason University each made the list released Aug. 30, ranking 43rd, 86th and 91st respectively. U.Va. had 52 patents issued in […]
ManTech completes Definitive Logic acquisition
Herndon-based ManTech International has completed its acquisition of Arlington County-based Definitive Logic. ManTech provides technology solutions for U.S. defense, intelligence and federal civilian agencies. The company announced the completion of the deal, first announced Aug. 1, on Tuesday. Terms of the deal were not disclosed. The acquisition is expected to add 330 employees to the […]
Sandpaper manufacturer to expand in Va. Beach
Hermes Abrasives USA, the U.S. subsidiary of Hamburg, Germany-based Hermes Abrasives, will invest $5.6 million in a Virginia Beach expansion that will add an estimated 30 jobs, Gov. Glenn Youngkin announced Wednesday. Hermes Abrasives manufactures coated and bonded abrasives and grinding tools. The company will return its narrow belt production line to its Virginia Beach […]
Maximus fined by SEC for proxy, reporting violations
Tysons-based federal technology contractor Maximus will pay $500,000 in civil penalties to settle a charge that it failed to disclose it had employed the siblings of one of its executive officers. According to a settlement announced by the U.S. Securities and Exchange Commission Monday, Maximus appointed a business segment leader and longtime employee as an […]
SAIC lands $574M Space Force radar systems contract
Science Applications International Corp. will maintain and modify the U.S. Space Force’s ground-based radar sensor systems under a $574 million contract, the Reston-based Fortune 500 contractor announced Monday. Under the Ground-Based Radar Maintenance and Sustainment Services (GMASS) contract, announced Aug. 29 by the Pentagon, SAIC will provide ongoing sustainment, modifications and improv[...]
Alexandria’s SPA acquires aerospace co.
Alexandria-based Systems Planning & Analysis, a portfolio company of investment firm Arlington Capital Partners, has acquired Florida aerospace engineering company PRKK. Terms of the deal, which was announced Wednesday, were not disclosed. Founded in 2006 with primary work locations in Virginia and Colorado, PRKK has about 125 employees who will become part of SPA’s space […]
Leidos receives $918M Homeland Security contract
Reston-based Fortune 500 contractor Leidos has received a follow-on contract valued up to $918 million to support and enhance the U.S. Department of Homeland Security‘s networks, the company announced Thursday. The Homeland Enterprise Information Technology Secure Services and Support (HEITS) contract was awarded Aug. 15. The cost-plus-award-fee, single-award contract has a one-year base and[...]
