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Recent Articles from Kate Andrews
Something in the Water gets extension from Va. Beach
Pharrell Williams’ Something in the Water festival got a bit of a break Tuesday from Virginia Beach City Council members, who agreed to give the Virginia Beach-born music and fashion maven more time to fulfill an overdue part of the festival’s contract with the city. City Council voted 8-2 Tuesday to indefinitely defer an earlier […]
Booz Allen to pay $15.8M fine to settle fraud allegations
Booz Allen Hamilton, the McLean-based Fortune 500 global management consultant, has agreed to pay a $15.875 million fine to the federal government to settle allegations that one of its subsidiaries violated the False Claims Act, the Department of Justice announced Jan. 3. According to the DOJ’s statement, two former program managers at Maryland-based Booz Allen […]
Smithfield Foods files for IPO
Virginia’s Smithfield Foods announced Monday it has filed a registration statement to the U.S. Securities and Exchange Commission for its initial public offering. This is the first step toward the pork and packaged meats giant’s plan of selling common stock on the Nasdaq Global Select Market under the ticker symbol SFD. In November 2024, Smithfield’s […]
Outlook unclear for Something in the Water festival with Va. Beach vote set
The Virginia Beach City Council is set to consider an agenda item next week that could lead to the cancellation of the April 26-27 Something in the Water music festival, if organizers don’t provide the city with a full list of announced artists within days of the Jan. 7 vote. Under an agreement signed by […]
ATCC expansion targets future coronaviruses
Rebecca Bradford raises a scary thought: “What if we were hit with two pathogens at the same time?” For example, what if, as COVID-19 was hitting the country in early 2020, a flu virus had been spreading too? It’s a distinct possibility in the future, and scientists are working hard to establish quick and effective […]
Northrop Grumman subsidiary scores $3.4B Navy contract
Northrop Grumman Systems, a subsidiary of Falls Church aerospace and defense giant Northrop Grumman, has been awarded a $3.459 billion contract by the Navy to engineer and manufacture new nuclear aircraft, according to announcements from the Department of Defense and the Navy last week. E-130J jets will take the place of the Navy’s current E-6B […]
Party City declares bankruptcy, closing 700 stores, including 18 in Va.
Party City filed for bankruptcy Saturday and said it would “commence a wind down of its retail and wholesale operations and going out of business sales at its approximately 700 stores nationwide,” including 18 stores in Virginia. The company just came out of bankruptcy in September, after bringing on a new CEO, Barry Litwin, in […]
GDIT wins $5.57B contract to upgrade military communications system
Falls Church-based General Dynamics Information Technology, a business unit of Reston Fortune 100 defense contractor General Dynamics, has won a $5.57 billion contract from the Air Force Mission Partner Capabilities Office, it announced Friday. Awarded in November, the single-award, indefinite-delivery, indefinite-quantity contract has a five-year base period and a five-year option, according to G[...]
Smithfield to form new hog production company ahead of IPO
Smithfield Foods has inked a deal with VisionAg, an affiliate of North Carolina’s HD3 Farms, to start a new hog production business early next year as the meat producer gears up to go public, the company announced Friday. Smithfield, a giant in packaged meats and pork products, will provide 28,000 sows to the new company, […]
Capital One, Discover clear hurdles for $35.3B megadeal
Announced in February, McLean-based Capital One Financial’s proposed $35.3 billion acquisition of Discover Financial Services is moving forward, with stockholders’ votes scheduled early next year, the credit card giants announced this week. Capital One also announced Thursday it received approval from the Office of the Delaware State Bank Commissioner on Wednesday to complete the purch[...]
