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Recent Articles from Katherine Schulte
Powhatan green-lights $2.7B data center campus
Although some Virginia counties are backing away from hosting more data centers, Powhatan County supervisors voted 3-2 in October to approve an estimated $2.7 billion data center campus. The project will be on 119.9 acres partly bordering Chesterfield County, and supervisors OKed rezoning and a conditional use permit, rejecting the Powhatan Planning Commission’s recommendation. The […[...]
GDIT wins $330M in Army training support contracts
Falls Church federal contractor General Dynamics Information Technology has won two Army contracts totaling $330 million, the General Dynamics subsidiary announced Tuesday. The Army Contracting Command – Orlando awarded the task orders to GDIT in August as part of the $975 million Mission Training Complex Capabilities Support II indefinite delivery, indefinite quantity contract. Under the [&[...]
Unanet acquires D.C. AI firm
Dulles-based software company Unanet has acquired Washington, D.C.-based GovPro AI, Unanet announced Friday. Unanet did not disclose financial details of the transaction, which it completed in November. Unanet provides project-based enterprise resource planning and customer relationship management software solutions for government contractors and the architecture, engineering and construction indu[...]
United begins building $16M training center in Fairfax County
United Airlines has started construction on a $16 million inflight training center in Fairfax County, the county’s economic development authority announced Monday. The 20,000-square-foot facility near the airline’s hub at Washington Dulles International Airport, which straddles the Fairfax and Loudoun county lines, is expected to open in 2025. “We are excited and honored that United [...]
Va. home sales, inventory rises in October
Housing sales and inventory in Virginia rose in October, with closed sales up 12.5% from October 2023, according to Virginia Realtors data released Nov. 22. Last month, 8,732 homes sold in Virginia — 968 more than sold in October 2023. The influx of closed sales in October resulted from the jump in pending sales — […]
Coldwell Banker Premier acquires Hampton Roads Coldwell affiliate
Winchester-based Coldwell Banker Premier has acquired Virginia Beach-based Coldwell Banker Now, merging into a brokerage with a combined $600 million sales volume in 2023. Coldwell Banker Premier did not disclose financial details of the merger, which it announced Monday. The combined real estate company is the second-fastest growing Coldwell Banker franchise in the nation over […]
Inova makes acting CFO permanent
After serving in an acting capacity since March, Rick Talento is now Inova Health’s permanent chief financial officer, the Falls Church-based regional health system announced Wednesday. Talento will continue to be responsible for the system’s financial operations and will also be responsible for planning and forecasting. He succeeds Alice Pope, who is now CFO of […]
BAE Systems lands $202M in Navy ship repair contracts
Falls Church-based BAE Systems Inc.’s Norfolk Ship Repair unit has received two U.S. Navy contracts worth a combined $202 million for maintenance, modernization and repair of two vessels. The U.S. arm of British defense giant BAE Systems announced the awards Monday. Its shipyard employees and their subcontractors will begin working on the guided missile destroyer […]
Ex-Richmond Fed examiner pleads guilty to insider trading
A former Federal Reserve Bank of Richmond examiner on Tuesday pleaded guilty to committing insider trading and making false statements about his trading to the Richmond Fed. Robert Brian Thompson, 43, of Chesterfield County’s Moseley area, was an examiner and senior manager with supervisory duties for the Richmond Fed, where he worked from 2004 through about […]
Luck Cos. names president
Richard Luck is now president of Luck Cos., the Goochland-based construction aggregates and decorative stone producer announced Nov. 12 along with several other leadership changes. Richard Luck is the fourth generation of the Luck family to take a leadership role at the company, which has three business units: Luck Stone, Luck Ecosystems, and Luck Real […]
