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Recent Articles from Courtney Mabeus-Brown
Rolls-Royce wins $1B Navy contract
Reston-based Rolls-Royce North America has received a contract totaling more than $1 billion to support the engines that power the Navy’s fleet of T-45 Goshawk training jets. The Pentagon announced the award Thursday, naming Indianapolis-based Rolls-Royce Corp. as the recipient. Rolls-Royce Corp. falls under the British aerospace and defense company’s North American operations. Accordi[...]
Torc Robotics names new CEO
Blacksburg-based self-driving truck company Torc Robotics has named Peter Vaughan Schmidt its next CEO, the Daimler Truck AG subsidiary announced Thursday. Currently head of Daimler Truck’s Autonomous Technology Group, Schmidt will take on his new role Oct. 1 and succeeds Michael Fleming. The company produces software for self-driving commercial vehicles and was started by a […]
TowneBank to acquire Farmers Bank
Suffolk-based TowneBank has agreed to acquire Windsor-headquartered Farmers Bankshares Inc., the parent company of Farmers Bank, the two companies announced Thursday. The deal is expected to close early next year. The $56 million deal, which would create a combined company worth $17.5 billion in total assets, loans of $10.9 billion and $14.5 billion, would add […]
Academy Sports + Outdoors opens first Va. location
Sporting goods retailer Academy Sports + Outdoors has opened its first store in Virginia with a location in Henrico County’s Short Pump area. The Texas-based Fortune 500 company opened Monday in a 58,075-square-foot store at 11861 W. Broad St. in The Corner at Short Pump, with 60 employees. Its grand opening is scheduled Friday, Aug. […]
SAIC receives $319M Air Force contract
Reston-based Fortune 500 contractor Science Applications International Corp. (SAIC) has received a $319 million contract to modernize and maintain the Air Force’s Falconer weapon system, the company announced Wednesday. Under the Falconer Air Operations Center Weapon System Sustainment contract, an SAIC team will work with Kessel Run, a division of the Air Force Life Cycle Management [&hell[...]
Choice Financial Group names new president, COO
Virginia Beach-based insurance company Choice Financial Group has named Michael J. Andersen its president and chief operating officer, the company announced Tuesday. Andersen, who has started at his new post, has more than 37 years of experience in the insurance industry, according to a news release. He most recently served as president of AssuredPartners’ New Jersey-based […]
BMK Ventures to move, expand in Va. Beach
Virginia Beach-based BMK Ventures Inc. plans to invest about $6.9 million in a new headquarters elsewhere in the city and add 20 jobs. The company, which provides medical supplies to government customers including the military, first responders and others, will move from its location at 1112 Jensen Drive to Corporate Landing Business Park, between General […]
Sentara Health Plans names new leader
Virginia Beach-based Sentara Health Plans has named Colin Drozdowski as the next president of Sentara Healthcare’s health insurance division. Drozdowski succeeds Dennis Matheis, who was named president and CEO of Sentara Healthcare in June. Drozdowski will also serve as executive vice president of Norfolk-based nonprofit Sentara Healthcare. His new role is effective Sept. 1. Matheis [&hellip[...]
Kaléo launches government biz unit
Richmond-based Kaléo on Thursday announced the formation of a new government business unit to focus on domestic and international procurement of the company’s system to reverse the effect of weaponized opioids as well as to provide access to it for military and civilian stockpiles. Kaléo’s Rapid Opioid Countermeasure System (ROCS) is a 10 mg Naloxone […]
Guidehouse consolidates national security, defense segments
McLean-based Guidehouse is consolidating its national security and defense units, the global management consulting firm announced Monday. Ed Meehan, who has led the company’s defense unit, will become chief growth officer for Guidehouse. Meehan has worked in the public and commercial sectors, and has delivered digital transformation programs to diverse clients and has sales leadership expe[...]
