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Recent Articles from Courtney Mabeus-Brown
Cloud, cyber company to establish HQ in Loudoun
Fortreum LLC, a cloud-computing and cybersecurity firm, is establishing its headquarters in Loudoun County and creating 53 jobs, Gov. Glenn Youngkin announced Thursday. The company, launched in 2021, provides cybersecurity and cloud support with an emphasis on regulatory compliance and technical validations, for businesses operating in the public and private sectors. Fortreum expects to invest [&h[...]
Richmond riverfront amphitheater gets green light
Construction could begin this summer on a $30 million, 7,500-person amphitheater overlooking the James River. On June 12, Richmond City Council approved a 20-year performance grant that gives Red Light Ventures LLC the green light to build its proposed amphitheater on four acres of land it will rent from NewMarket Corp. behind the American Civil […]
Biomass company to expand in Wythe County
Musser Biomass and Wood Products will invest $7.5 million to expand operations in Wythe County and add 10 jobs, Gov. Glenn Youngkin announced Wednesday afternoon. The company, a division of Musser Lumber Co., will more than double production of dried hardwood chips and sawdust that the company supplies to composite decking manufacturers, plastic extrusion companies, […]
After protests, CACI prevails on $5.7B Air Force IT contract
After rounds of protest from other bidders, Reston-based CACI International Inc. announced Tuesday that it will transform the Air Force’s IT service delivery for more than 800,000 airmen and Space Force guardians under a $5.7 billion contract. Enterprise Information Technology as a Service (EITaaS) Wave 1, an Air Force initiative, includes transforming the Air Force’s […]
LewisGale receives Level 2 trauma center status
Salem-based LewisGale Medical Center has been designated as a Level 2 trauma center by the Virginia Department of Health, the hospital system announced Wednesday. The designation makes LewisGale the eighth Level 2 center in the state and the first in the region, according to the state health department. One level below the top Level 1 […]
EY taps seven Va. biz leaders as mid-Atlantic entrepreneurs of year
Seven Virginia business leaders have been named winners of Ernst & Young LLP’s Mid-Atlantic Entrepreneur of the Year Award for 2023. The winners, named Friday by the Big Four multinational professional services company, include: Aptive Resources | Rachele Cooper, founder and CEO, Alexandria Cuisine Solutions Inc. | Felipe Hasselmann, CEO and president, Sterling Foster Fuels […]
Intelsat-SES merger talks called off
Merger talks between McLean-based satellite operator Intelsat and Luxembourg-based competitor SES S.A. have been called off, SES said in a post on its website Thursday. The merger was anticipated to have created a $10 billion global business. SES confirmed March 29 that the companies had “engaged in discussions” about combining, but said at the time, […]
SAIC receives $1.3B Treasury contract
Reston-based Fortune 500 contractor Science Applications International Corp. (SAIC) will provide the U.S. Department of the Treasury with a range of cloud and professional services under a seven-year, $1.3 billion contract, the company announced Thursday. Dubbed “T-Cloud,” SAIC will deliver a shared-service cloud infrastructure model providing enterprise-wise efficiencies in access, c[...]
RTX’s Raytheon lands $1.15B missiles contract
Arlington County-based Raytheon, a business unit of newly rebranded aerospace and defense contractor RTX, will produce Advanced Medium Range Air-to-Air Missiles for the U.S. Air Force and Navy as well as foreign militaries under a $1.15 billion contract announced by the Pentagon Tuesday. The contract includes missiles, the AMRAAM telemetry system, spares and other production […]
Raytheon rebrands to RTX as part of business reorg
A year after moving its headquarters to Arlington County, Fortune 500 aerospace and defense contractor Raytheon Technologies Corp. has rebranded as RTX. The new name, launched to coincide with the Paris Air Show and the company’s 2023 investor meeting, comes as RTX consolidates its business units from four to three: aerospace and defense technology supplier […]
