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Recent Articles from Katherine Schulte
Rocket Lab, Leidos sign contract for 4 rocket launches
California-based Rocket Lab USA has signed a contract with Reston-based Fortune 500 contractor Leidos to launch four Hypersonic Accelerator Suborbital Test Electron (HASTE) missions, the launch company announced Tuesday. The suborbital testbed launch vehicle missions will lift off from Rocket Lab’s Launch Complex 2 at the Mid-Atlantic Regional Spaceport, located at NASA’s Wallops Fligh[...]
HawkEye 360 promotes COO to president
HawkEye 360’s chief operating officer has been promoted to president, the Herndon-based satellite analytics company announced Tuesday. Rob Rainhart joined HawkEye 360 as vice president of engineering in 2016, a few months after the company’s 2015 founding, and has served as its chief operating officer since 2019. His new role as president is effective immediately. […]
Virginia Tech research institute receives $50M gift
A foundation established by the estate of Richmond philanthropist Bill Goodwin‘s late son, Hunter, has made a $50 million commitment to support cancer and neuroscience research at the Fralin Biomedical Research Institute at VTC, Virginia Tech announced Tuesday. The gift is one of three record $50 million donations Virginia Tech has received, including the 2018 […]
Leidos names new SVP of government affairs
Leidos Holdings promoted Amy Smith to senior vice president of government affairs, the Reston-based Fortune 500 contractor announced Wednesday. Smith’s previous position was vice president of government affairs, which she had held since joining Leidos in 2020. In her new role, she will manage the company’s government affairs operation and be its lead advocate in […]
UR biz school receives $10M donation
The University of Richmond‘s Robins School of Business received an anonymous $10 million gift from an alumnus to establish an endowed scholarship fund, the school reported Thursday. The alumnus studied accounting and finance at UR and stocked groceries to fund his tuition and other expenses, the school said. “Access and affordability are among our highest […]
Chartway Credit Union names chief legal officer
Melissa Stratton Moffa is Chartway Credit Union’s new chief legal officer, the Virginia Beach-based credit union announced Tuesday. Moffa was most recently Tysons-based Pentagon Federal Credit Union’s senior director, associate general counsel and privacy officer. “We are thrilled to have Melissa on board. Her experience in mergers and acquisitions and her background working at a[...]
Fed 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 Wednesday. Published eight times per year, the Beige Book is based on anecdotal information about economic conditions gathere[...]
Cushman & Wakefield | Thalhimer hire Richmond VP
Brian Felton has joined Cushman & Wakefield | Thalhimer’s Richmond office as a first vice president focused on industrial sales and leasing, the real estate firm announced Tuesday. Felton was previously a senior leasing manager with San Francisco-based Prologis, where he oversaw a 3.6 million-square-foot portfolio of industrial buildings in Richmond, Norfolk and Fredericksburg. According[...]
Groundworks promotes two execs to C-suite
Virginia Beach-based Groundworks has promoted two employees, including one to chief sales officer and another as chief revenue officer, the foundation and water management solutions company announced Thursday. Ben Flowers has been promoted from vice president of Groundworks’ southern division to chief sales officer, a new role for the company. Flowers will lead its sales […]
Va. Lottery reports record $4.6B in FY23 revenue
Virginia Lottery reported $4.6 billion in sales for fiscal 2023, the first time its sales have broken $4 billion, and record profits of $867 million. Profits increased almost 10% from the last fiscal year, when the lottery reported $779.6 million. The lottery’s fiscal year ends on June 30, and the lottery board announced the results […]
