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Recent Articles from Courtney Mabeus-Brown
Boeing reaches $40B deal with Ryanair
Irish air carrier Ryanair plans to order as many as 300 Boeing 737 MAX-10 aircraft from Arlington County-based Fortune 100 contractor Boeing Co. in a $40 billion deal, the two companies announced Tuesday. Subject to approval by Ryanair’s stockholders, the deal includes a firm order from the airline for 150 aircraft and an option for […]
IT contractor to add 90 jobs in Fairfax
Reston-based Dev Technology Group will invest $366,000 to expand in Fairfax County, adding 90 jobs, Gov. Glenn Youngkin announced Monday. The investment includes 10,000 square feet of additional office space. Founded in 1998, Dev Technology Group provides IT services to the federal government, including the Department of Homeland Security, the Commodity Futures Trading Commission, multiple [&helli[...]
VCU Health paid $72.9M to back out of development
VCU Health paid nearly $73 million to back out of a $325 million development deal earlier this year, according to Dr. Marlon Levy, CEO of the health system and Virginia Commonwealth University’s interim senior vice president for health sciences. The project, known as the Clay Street Project, included plans for a medical office tower and […]
Convenience products distributor to double size in Salem
Layman Distributing, a woman-owned wholesale distributor of convenience and grocery store products, will invest $6.8 million to expand in Salem, adding 42 jobs, Gov. Glenn Youngkin announced Friday. The company will relocate to a facility at 2157 Aspersion Drive, doubling its current square footage and operational capacity. Founded in 1948, the company is currently located […]
Henrico strip mall, industrial buildings sell for $7.25M
Fernau LeBlanc Investment Partners has sold Wistar Center, a three-building flex industrial and retail portfolio, in Henrico County, to Prudent Growth Partners LLC for $7.25 million, Cushman & Wakefield | Thalhimer’s Capital Markets Group announced. The portfolio, at 8101-8157 Staples Mill Road, consists of approximately 49,092 total square feet, including a 20,436-square-foot Class A [...]
Divaris restructures C-suite, names new execs
Virginia Beach-based Divaris Real Estate announced Thursday that it is restructuring its top leadership amid growth following recent acquisitions and partnerships. David Sutliff, who has worked as an adviser to the company for 12 years, is the new chief financial officer. Tony Divaris, who was previously the company’s international controller and CFO, has been promoted […]
Old Town Business league to upgrade or dissolve
Carla Clarke credits Old Town Business (OTB) league with arranging events that bring new faces into Today’s Cargo, the jewelry and gift shop she co-owns on Alexandria’s King Street. “It‘s bringing new people through your door,” says Clarke. The 40-year-old nonprofit business league champions Old Town’s business community through events like an annual cookie crawl. [&hel[...]
Propulsion system
Madeline Davis has never set foot on a Navy submarine, so she doesn’t get to see the products she makes in action. Davis is a CNC (computer numerical control) machinist at Fairlead Integrated in Portsmouth, where she makes metal parts for the Navy’s silent service. The defense contractor supplies shipboard integrated parts, including for the […]
HII’s Mission Technologies receives $995M contract
Newport News-based Huntington Ingalls Industries Inc.‘s Mission Technologies division has received a $995 million contract to advise and assist the U.S Air Forces in Europe-Air Forces Africa, the company announced Wednesday. The indefinite delivery, indefinite quantity, multiple-award contract has a one-year base and four one-year option periods. Under the contract, HII‘s McLean-based [...]
Hampton Roads shipyards receive nearly $1B in Navy contracts
The Pentagon has announced nearly $1 billion in Navy contracts for work on vessels in Hampton Roads. Under one contract, valued at $847 million, Reston-based General Dynamics Corp.’s Norfolk-based shipyards will support emergent work, continuous maintenance, pre-refueling complex overhaul availabilities, ship terminal offload program availability and scheduled work on aircraft carriers in th[...]
