Sign In
Free Newsletter
Recent Articles from Kate Andrews
Boeing to purchase Spirit AeroSystems in $4.7B+ deal
Beleaguered aerospace and defense giant Boeing announced Monday it has entered an agreement to reacquire Boeing spinoff company Spirit Aerosystems in a $4.7 billion, all-stock transaction. The Fortune 500 company headquartered in Arlington County will also assume Spirit’s net debt, so the deal’s total value is approximately $8.3 billion, Boeing said in its announcement. Spirit [&hellip[...]
Youngkin peppers university boards with GOP power players
With Gov. Glenn Youngkin’s appointees slated to hold majorities on the state’s university boards beginning July 1, the governor announced dozens of last-minute university board appointments Friday afternoon, shortly before the members’ four-year terms take effect Monday. Although many of the new appointees are the usual mix of Virginia business leaders and former state legislato[...]
2024 Virginia Women in Leadership Awards: Leading Ladies
For the fourth annual Women in Leadership Awards, Virginia Business hosted a photo shoot at the Virginia Museum of Fine Arts, where eight of this year’s winners struck poses for Richmond photographer James Lee. Given the surroundings, Lee took inspiration from the museum’s collection and other artwork in staging the photos. The results display a […]
Beauty and the C-suite
Virginia Business’ July issue cover art represents a significant amount of time and thoughtful planning — especially in considering what image we want to convey to you, the reader. From our viewpoint, the Women in Leadership cover should express strength and confidence — attributes that this year’s 38 award winners demonstrate daily as executives. A […]
Mitre names new president and CEO
Mark Peters, an executive vice president at Battelle Memorial Institute in Charlottesville, has been named the next president and CEO of Mitre, succeeding Jason Providakes effective Sept. 3. Founded in 1958 with a focus on national security and operating from dual headquarters in McLean as well as Bedford, Massachusetts, Mitre is a not-for-profit research and […]
Chesterfield County industrial properties sell for $9.85M
An industrial warehouse and about 11.6 adjoining acres in Chesterfield County were sold for $9.85 million, Cushman & Wakefield | Thalhimer announced earlier in June. According to county property records, 2001 Bellwood Road LLC purchased an 85,549-square-foot warehouse at 2001 and 1911 Bellwood Road and an additional 11.6 acres at 8331 and 8411 Fort Darling […]
Honeywell to purchase Arlington-based CAES for $1.9B
Honeywell, a multinational conglomerate based in Charlotte, North Carolina, announced Thursday it plans to buy Arlington-based aerospace and defense technology company CAES for $1.9 billion in cash from private equity firm Advent International. Formerly known as Cobham Advanced Electronic Solutions, CAES was founded in 1934 and was acquired by Advent in 2020. According to Honeywell’s [&helli[...]
Fredericksburg econ dev director leaving after 10 years
Bill Freehling, Fredericksburg’s director of economic development and tourism, will leave his position Friday, he wrote in a farewell blog post on the economic development department’s website this week. A former Free Lance-Star reporter and editor, Freehling served eight years as the city’s economic development director and two years as assistant director. In an email […]
ODU hires new engineering dean
Old Dominion University announced Tuesday it has hired Jeffrey Fergus to be the next dean of the Batten College of Engineering and Technology, starting Aug. 10. Fergus is currently the associate dean for undergraduate studies and program assessment in the Samuel Ginn College of Engineering at Auburn University in Alabama, where he’s worked as a […]
BWXT team lands $30B federal nuclear contract
A joint venture led by a Lynchburg-based BWX Technologies subsidiary has been awarded a potential $30 billion Department of Energy contract to operate a nuclear weapons plant in Texas, the company announced Friday. The DOE’s National Nuclear Security Administration awarded the contract to PanTeXas Deterrence (PXD), a joint venture led by BWXT’s Technical Services Group […]
