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Recent Articles from Katherine Schulte
Guidehouse lands $12B ICBM support contract
McLean-based consultancy Guidehouse has won a contract valued up to $12 billion for systems engineering supporting the Air Force’s intercontinental ballistic missiles fleet, although the initial contract awardee has filed a protest. The single-award contract, announced Feb. 28 by the Defense Department and April 15 by Guidehouse, is the Integration Support Contract 2.0. Guidehouse was [&hell[...]
Fed’s Fifth District economy grows slightly
The economy in the Federal Reserve’s Fifth District (a multistate region including Virginia, North Carolina, South Carolina, West Virginia and Maryland) grew slightly in recent weeks, according to the latest edition of the Federal Reserve’s Beige Book, released April 17. Published eight times per year, the Beige Book is based on anecdotal information about economic conditions [&hellip[...]
CACI wins up to $1.3B defense contract
CACI International won an up to $1.3 billion defense contract supporting the U.S. European Command and U.S. Africa Command, the Reston-based Fortune 1000 contractor announced Monday. Under the five-year task order, CACI will provide communications and information technology solutions, modernizing critical software and hardware, optimizing network IT and communications and providing support for mor[...]
Va. casino gaming revenues total $65M in March
Virginia’s three casinos reported about $65.08 million in gaming revenues for March, according to Virginia Lottery data released April 15. Last month, the Bristol Casino: Future Home of Hard Rock reported about $16.27 million in adjusted gaming revenues (wagers minus winnings), of which about $13 million came from its 911 slots and about $3.26 million […]
Allen & Allen announces new president
Jason W. Konvicka is succeeding Edward L. Allen as president of Allen, Allen, Allen & Allen, the Richmond-based law firm announced April 11. Konvicka joined the personal injury firm as a trial attorney in 2000 and became a shareholder in 2006. Allen led the firm as president for the past six years and will continue […]
Inova receives $20M gift from Peterson Cos. family
Inova Health System has received a $20 million gift from the Peterson Family Foundation, the family behind the Peterson Cos. real estate development firm, the Falls Church-based health system announced Tuesday. The gift will be split, with $15 million dedicated to the Inova Life with Cancer program and $5 million to the expansion of Inova […]
Capital Square names chief distribution officer
Drew Jackson has been promoted to chief distribution officer of Capital Square, the Glen Allen-based real estate company announced Tuesday. Previously the president and CEO of Michigan-based financial services holding company Concorde Holdings, Jackson joined Capital Square in February as senior managing director of private wealth solutions. In his new role, he will oversee distribution […]
NoVa, Hampton Roads home sales fall in March
Home sales in Northern Virginia and Hampton Roads dropped year-over-year in March, a reversal from sales growth seen in February. Median sales prices, though, continued to rise. Northern Virginia Northern Virginia home sales in March dropped 13.8% from March 2023, a reversal from the year-over-year sales growth seen in February, according to data the Northern […]
SAIC lands potential $494M NASA contract
Reston-based Fortune 500 federal contractor Science Applications International Corp. (SAIC) has been awarded a safety and mission assurance support contract from NASA worth up to $494 million. The federal agency announced it had selected SAIC for the Safety and Mission Assurance Engineering Contract III on March 29, and the contract period begins June 1. SMAEC […]
Virginians wagered $545M on sports in February
Virginians bet $545 million on sports in February, 25.6% more than in February 2023, according to data released Monday by the Virginia Lottery. February’s handle was a 16.5% decrease from the $652.87 million Virginians bet in January. Virginia bettors won approximately $495 million in February and more than $587.5 million in January. About $540 million […]
