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Recent Articles from Katherine Schulte
Mac Curtis joins Blue Delta Capital Partners as venture fellow
Mac Curtis, the former chairman, president and CEO of Perspecta Inc., has joined McLean-based government services equity firm Blue Delta Capital Partners as a venture fellow. Herndon-based national security contractor Peraton Inc. acquired Chantilly-based federal IT contractor Perspecta in May for $7.1 billion. Curtis took Perspecta public in 2018 by merging his company, Vencore Inc., […]
Va. hotel revenues remain below 2019 levels
Virginia hotel revenues for September decreased by 21% compared with pre-pandemic levels in September 2019, according to newly released data from STR Inc., a CoStar Group division that provides market data on the U.S. hospitality industry. During the same period, hotel rooms sold decreased by 6%. The average daily rate (ADR) paid for hotel rooms […]
Guidehouse acquires McLean tech company
Tysons-based consulting company Guidehouse completed its acquisition of McLean-based Dovel Technologies Inc., the company announced Monday. Financial terms of the transaction, which was announced in September, were not disclosed. “With the Dovel acquisition now complete, we are thrilled to join forces and welcome our new colleagues to Guidehouse as we combine our technology-first business models[...]
Airbus U.S. Space & Defense promotes COO to CEO
Robert Geckle has been promoted to be the CEO of Arlington-based aerospace and aviation contractor Airbus U.S. Space & Defense Inc., moving up from serving as the chief operating officer and head of operations and corporate functions, the company announced Thursday. Geckle has worked with Airbus across its major business lines in multiple countries for […]
Virginia wins $5M DOD grant to train shipbuilding workers
Virginia won a $5 million U.S. Department of Defense grant to train workers in defense manufacturing industries, particularly shipbuilding, in Danville and Hampton Roads, Gov. Ralph Northam announced Friday. The grant will go to the Virginia Defense Manufacturing Community, which brings together the Institute for Advanced Learning and Research in Southern Virginia and Old Dominion […]
Henrico green-lights $2.3B GreenCity project
The Henrico County Board of Supervisors this week unanimously approved rezoning the 204-acre former Best Products headquarters campus into the $2.3 billion GreenCity project, a major mixed-used development that will feature a 17,000-seat arena. GreenCity, which was proposed in December 2020, is also expected to include two hotels with 600 rooms, about 2.2 million square […]
Va. new jobless claims nearly flat
Virginia’s new unemployment claims rose slightly more than 7% last week, the Virginia Employment Commission reported late Thursday. For the filing week ending Oct. 9, people filed 10,040 initial claims, an increase of 680 from last week. Continued claims totaled 43,535, a decrease of 484 claims from the previous week. Because of the Monday holiday, […]
Insurance startup to create 70 jobs with Henrico HQ
Startup specialty property and casualty insurance holding company Richmond National Insurance Co. (RNIC) will create about 70 jobs over the next three years as it establishes its headquarters in Henrico County, Gov. Ralph Northam announced Friday. “The commonwealth is always looking to create an environment that supports startups and businesses of all sizes,” Northam said […]
U.S. Senate Federal Credit Union opens new Alexandria HQ
United States Senate Federal Credit Union (USSFCU) held a grand opening for its Braddock Station corporate headquarters and retail branch in Alexandria on Wednesday. USSFCU selected 1310 Braddock Place, previously home to the National Industries for the Blind, in 2018. The new Bowman Branch on the first floor replaces the credit union’s Eisenhower Avenue location. […]
Sugar alternative company to create 64 jobs in Albemarle County
Virginia sugar alternatives company Bonumose Inc. will invest $27.7 million to expand in Albemarle County in a partnership with The Hershey Co. to research and develop reduced or zero sugar chocolate products, creating 64 jobs, Gov. Ralph Northam announced Thursday. Bonumose will move into 36,000 square feet in the former State Farm building to increase […]
