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Recent Articles from Courtney Mabeus-Brown
Leonardo DRS completes merger, goes public
Arlington-based defense contractor Leonardo DRS Inc. is now a public company. The company began trading on the Nasdaq composite Tuesday morning, opening at $11.50, following the completion Monday of its all-stock merger with Israel-based Rada Electronic Industries Ltd. to form a $3 billion company. The companies announced their plans to merge in June. Under the […]
Fairfax solar/roofing contractor aims to add 400+ jobs
McLean-based solar energy and roofing contractor SmartRoof is relocating to Reston, with plans to add 410 jobs during the next five years, Gov. Glenn Youngkin announced Monday. Founded in 2006, SmartRoof is a residential and commercial roofing contractor that also offers solar energy systems. It serves customers in Northern Virginia, Maryland, Washington, D.C., Eastern Pennsylvania, […]
Truist invests $7M in Virginia Community Capital
Virginia Community Capital received a $7 million investment from Truist Financial Corp. to support the organization’s Economic Equity Fund, a loan fund to expand access to capital and technical assistance for women- and minority-owned small businesses. VCC’s equity fund was launched in 2021 in response to the disproportionate impact of the pandemic on women- and […]
Rivers Casino Portsmouth plans Jan. 15 opening
Rivers Casino Portsmouth will open to the public Jan. 15 at 3 p.m., according to an announcement Monday. The $340 million venue, part of a planned entertainment district along Victory Boulevard off Interstate 264, will feature 1,448 slot machines, 57 table games and 24 poker tables as well as 10 bars and restaurants and an event […]
Boeing defense unit announces leadership shifts, reorganization
Arlington-based Boeing Co. Thursday announced a series of top leadership changes and a reorganization to consolidate its eight divisions within the Boeing Defense, Space and Security unit into four. Boeing said the changes, effective immediately, are aimed at accelerating its operational discipline, quality and performance and at streamlining senior leadership roles and responsibilities. Accordin[...]
Metro opens $3B Silver Line extension
As a cold rain fell around noon Tuesday, leaders from Northern Virginia, Washington, D.C., and the Washington Metropolitan Area Transit Authority cut the ribbon on the $3 billion second phase of Metro’s Silver Line, extending rail service 11.4 miles to six stations and stretching into Loudoun County. Minutes later, they crowded onto a 7000-series train […]
SAIC receives $757M Army IT contract
Reston-based Fortune 500 contractor Science Applications International Corp. has received a $757 million contract to continue providing software development and management for the Army’s Enterprise Service Desk, the company announced Monday. Under the contract, SAIC will continue existing operations, optimize service delivery processes according to the service’s management framework, a[...]
ONE School of Public Health names inaugural dean
The proposed ONE School of Public Health has named its inaugural dean: Li-Wu Chen, a health sciences professor from the University of Missouri-Columbia with a background in rural health. Chen was selected following a national search and will start his new job March 10, 2023, Old Dominion University said in a news release Monday. Chen […]
Rocket Lab announces December Va. launch window
Rocket Lab USA Inc. will launch the first U.S. mission for its Electron rocket from a launch pad on NASA’s Wallops Flight Facility in Accomack County during a 13-day window that opens Dec. 7. The company announced the Wallops launch Thursday. The mission, called “Virginia is for Launch Lovers,” will deploy satellites for Herndon-based HawkEye […]
Fed’s Barkin asks, ‘What’s ‘normal’ anymore?’
The question Tom Barkin is asked the most these days is when the economy will return to normal. The president and CEO of the Federal Reserve Bank of Richmond has a caution for those who may be wishing for the perceived stability of the pre-pandemic economy. “After two-and-a-half years of instability, we’re all ready to […]
