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Recent Articles from Katherine Schulte
Hampton Roads State of the Region report shows slow recovery
The Hampton Roads region is slowly recovering from pandemic-spurred economic distress but has lost a large chunk of its workforce, according to Old Dominion University’s Dragas Center for Economic Analysis & Policy’s 2021 State of the Region Report released Tuesday. Hampton Roads’ labor force and individual employment levels peaked in February 2020, only to be […]
Arlington contractor acquires Colorado tech company
Arlington-based aerospace and defense contractor Cobham Advanced Electronic Solutions (CAES) acquired radio frequency (RF) and high-performance computing solutions provider Colorado Engineering Inc. (CEI), the company announced last Friday. Financial details of the transaction were not disclosed. “With a shared customer-first culture and passion for solving the most challenging electronic breakt[...]
Spacelink to add 41 jobs with Fairfax expansion
McLean-based satellite telecommunications company SpaceLink Corp. will create 41 jobs by expanding in Fairfax County, allowing it to develop a satellite communications system that will provide data relay services, Gov. Ralph Northam announced Thursday. “SpaceLink’s expansion in Fairfax County will strengthen the commonwealth’s position as a leader in the aerospace industry,” Northa[...]
Luck Stone acquires N.C. company, 2 quarries
Goochland County-based crushed stone producer Luck Stone acquired North Carolina-based Ararat Rock Products Co. and its quarries in Mount Airy and Eden, the company announced Thursday. Financial details of the transaction were not disclosed. The acquisition expands Luck Stone’s presence in North Carolina beyond its quarry operation in Pittsboro. On Oct. 1, ownership transferred to […]
Va. new jobless claims increase slightly
Virginia’s new unemployment claims rose about 7% last week, the Virginia Employment Commission reported Thursday, following a 300% surge two weeks ago and then declined to more normal levels last week. For the filing week ending Oct. 2, people filed 9,360 initial claims, an increase of 643 from the week before. Continued claims totaled 44,019, […]
Reston domain registry appoints chief tech officer
Rick Wilhelm assumed the role of chief technology officer for the Reston-based nonprofit Public Interest Registry on Monday. Founded in 2002 by the Internet Society, a Reston-based nonprofit internet advocacy organization, PIR operates the .org top-level internet domain, which is responsible for more than 10.5 million domain names registered worldwide. “PIR believes that more and […]
Sentara Healthcare names president of Suffolk hospital
David J. Masterson will become president of Sentara Obici Hospital in Suffolk on Nov. 8, Sentara Healthcare announced Wednesday. “I’m looking forward to being part of the community in Suffolk and Western Tidewater,” Masterson said in a statement. “It’s a fast-growing region and I want to help ensure that Sentara Obici Hospital and Sentara BelleHarbour […]
NoVa biz leaders optimistic about recovery
Northern Virginia businesses are optimistic about economic recovery but are feeling the effects of labor shortages, according to the 2021 Northern Virginia Workforce Index released Wednesday by Northern Virginia Community College and the Northern Virginia Chamber of Commerce. Fifty-one percent of employers said that they felt “somewhat optimistic” and 24% felt “very optimistic” abo[...]
Leidos nabs $300M NSA contract
Reston-based Fortune 500 government contractor Leidos Holdings Inc. won a National Security Agency contract with a ceiling of $300 million, the company announced Wednesday. Under the five-year single award contract, Leidos will provide development and modernization efforts to support the NSA’s Technical Signals Intelligence (TechSIGINT) mission. “We’re proud to continue our support o[...]
Fairfax software company wins $207M VA contract
Fairfax-based tech contractor Salient CRGT Inc. won a $207 million contract from the U.S. Department of Veterans Affairs to design and operate its enterprise network security and network transportation services. Under the five-year, single-award task order, named Network Engineering, Design, Implementation and Infrastructure Support (NEDIIS), Salient CRGT will implement, maintain and improve the V[...]
