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Recent Articles from Courtney Mabeus-Brown
General Dynamics subsidiaries land new defense contracts
Subsidiaries of Reston-based Fortune 500 contractor General Dynamics Corp. have received multiple defense contracts in recent weeks totaling more than $1.6 billion with the potential for more. On Thursday, the Pentagon announced that the company’s San Diego-based National Steel and Shipbuilding Co. received an $890 million modification to a contract for construction of the seventh […]
SCC approves Dominion’s $9.8B offshore wind farm
The State Corporation Commission has approved Dominion Energy Inc.’s application for the proposed $9.8 billion Coastal Virginia Offshore Wind Project (CVOW), which calls for the construction of 176 wind turbines 27 miles off the coast of Virginia Beach. The Richmond-based Fortune 500 utility has already erected two pilot turbines for its 2.6-gigawatt Coastal Virginia Offshore […]
PRA Group promotes exec to chief HR officer
Norfolk-based international debt acquisition company PRA Group Inc. has promoted executive LaTisha Tarrant to chief human resources officer. Tarrant will start her new role Aug. 15. She currently serves as senior vice president, deputy general counsel and corporate secretary for the global financial services company. She has worked for PRA Group since 2016. “Talent recruitment, […]
Six Va. companies land spots on Fortune Global 500
Six Virginia-based companies have landed spots on Fortune Magazine’s Global 500 list, which was released Thursday and ranks the world’s 500 largest corporations by total revenue. Walmart Inc. took the top spot on the list, reporting $572 billion in revenue, retaining its top spot from last year. Amazon.com Inc. followed behind, rising a spot to […]
BWXT appoints new president of nuclear operations
The new president of BWX Technology‘s Nuclear Operations Group Inc. spent three decades working for the Navy as a civilian. Sharon H. Smoot started her new position Aug. 1. She is responsible for the BWXT subsidiary’s mission to provide a range of nuclear components and services, including manufacturing reactor components for Navy submarines and aircraft […]
GDIT promotes exec to chief information security officer
Falls Church-based federal contractor General Dynamics Information Technology Inc. has named Justin DePalmo its new chief information security officer. In his new role, DePalmo is responsible for all aspects of cybersecurity, including strategy, operations, implementation and management of cybersecurity compliance, training, vulnerability management, risk mitigation, incident response and cyberthr[...]
Norfolk’s Military Circle Mall headed for wrecking ball
Norfolk’s Military Circle Mall will close by the end of the year to make way for its demolition in the first quarter of 2023. The decision to close the mall came after Norfolk Economic Development Authority members toured the aging facility on Wednesday, Norfolk Economic Development Director Jared Chalk told Virginia Business. EDA members voted […]
Peraton lands $850M Pentagon contract
Herndon-based technology contractor Peraton will provide the Department of Defense with agile analytic platforms and data management solutions under a five year, $850 million contract, the company announced Wednesday. “Peraton is proud to continue our longstanding relationship with the DoD supporting the modernization of its data management capabilities,” Tom Afferton, president of PeratonR[...]
Rolls-Royce wins $854M Navy contract
Reston-based Rolls-Royce North America has received an $854.3 million contract from the Navy for engine repairs on C/KC-130 Hercules aircraft. The Pentagon announced the award Monday, naming Indianapolis-based Rolls-Royce Corp. as the recipient. Rolls-Royce Corp. falls under the British aerospace and defense company’s North American operations. Work involves depot level repairs to AE2100 D3 [...]
MicroStrategy CEO Michael Saylor to step down, become exec chair
Amid mounting losses from its multibillion-dollar bitcoin investments, MicroStrategy Inc. CEO and founder Michael Saylor is stepping down from his current role and will take on the position of executive chairman, the Tysons-based technology company announced Tuesday. The move is effective Aug. 8. MicroStrategy President Phong Le will also become the company’s new CEO, as […]
