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Home>Katherine Schulte

Katherine Schulte

Recent Articles from Katherine Schulte

Economic Development February 1, 2023

Danville pharma startup announces $6.1M expansion

Danville-based pharmaceutical engineering and manufacturing company Engineered BioPharmaceuticals Inc. will invest $6.1 million to expand from a business incubator into its first standalone manufacturing space, Gov. Glenn Youngkin announced Wednesday. The move is expected to create 34 jobs. The company will expand from its current lab space at Dan River Business Development Center — a […]

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People January 31, 2023

Northrop Grumman appoints global biz development officer

Stephen O’Bryan will become corporate vice president and global business development officer for Falls Church-based Fortune 500 aerospace and defense contractor Northrop Grumman Corp. on Feb. 6. Northrop Grumman announced that the board of directors elected O’Bryan on Monday. O’Bryan will lead business development organization and contribute to international growth. He succeeds D[...]

Tommy Clements. Photo courtesy VSC Fire & Security Inc.
People January 31, 2023

Ashland fire protection firm CEO retires

Ashland-based VSC Fire & Security (VSC) President Tommy Clements has assumed the added role of CEO, following former CEO Mike Meehan’s retirement, the fire protection and security company announced in mid-January. Meehan retired on Dec. 31, 2022. He will continue to serve on the board of directors as non-executive chairman. “The past 43 years have […]

Eric Chewning. Photo courtesy HII
People January 31, 2023

HII taps former DOD chief of staff as EVP

Eric Chewning, who was chief of staff for two acting defense secretaries in the Trump White House, became Newport News-based Fortune 500 shipbuilder Huntington Ingalls Industries Inc.’s executive vice president of strategy and development on Monday. Chewning will guide corporate strategy and identify opportunities for growth, cross-division collaboration and potential investment. He reports [...]

Law: VICTOR CARDWELL
People January 27, 2023

Va. Bar Association installs 2023 president

Benjamin D. Leigh became the 2023 president of the Virginia Bar Association on Jan. 22, the Richmond-based professional association announced Thursday. With a practice focused on real estate, Leigh is a principal at Leesburg-based Troxell Leigh PC, which he co-founded as Mims, Atwill & Leigh PC in 2002. Before that, he worked with the Fairfax […]

Matt Linderman. Photo courtesy Atlantic Union Bank
People January 27, 2023

Atlantic Union Bank names CIO

Matt Linderman is Atlantic Union Bank’s new chief information officer, the bank’s Richmond-based holding company, Atlantic Union Bankshares Corp., announced Friday. Linderman was previously the chief technology officer of PNC Financial Services Group Inc. Prior to that, he was PNC’s senior vice president of data center and cloud products. “Matt is an accomplished IT executive [[...]

eSTOL rendering. Courtesy Electra
Federal Contracting January 26, 2023

Manassas company to develop short takeoff, landing aircraft for Air Force

Manassas-based aerospace company Electra.aero Inc. has received a Strategic Funding Increase award from the U.S. Air Force’s AFWERX arm that secures up to $85 million for development of a prototype electric short takeoff and landing (eSTOL) aircraft. The award, announced Thursday, secures funding between private investments, government funding and matching Small Business Innovation Research [...]

News January 26, 2023

Reston contractor lands $235M extension for Iraq base support

A subsidiary of Reston-based federal contractor Acuity International LLC won a $235.6 million U.S. Air Force contract modification to provide base support and security services for the Iraq F-16 program, the Pentagon announced Wednesday. The modification adds 12 months to the previously awarded contract, bringing the cumulative value of the contract to $360.78 million. The […]

Federal Contracting January 23, 2023

Leidos wins $1.5B Social Security Administration contracts

Leidos Inc. won two Social Security Administration IT task orders with a combined potential value of $1.5 billion, the Reston-based Fortune 500 contractor announced Monday. The task orders fall under the SSA’s IT Support Services Contract II. Under the indefinite delivery, indefinite quantity task orders, Leidos will provide software systems and infrastructure support for the […]

Federal Contracting January 23, 2023

Navy awards Boeing subsidiary $463M contract

Fairfax-based Argon ST Inc. has received a $463 million Navy contract to procure and produce sensor components for fielding in manned and unmanned aircraft, the Pentagon announced Friday. Argon ST is a wholly owned subsidiary of Arlington-based aerospace contractor Boeing Co. Under the contract, Argon ST will procure various Multi-Intelligence Sensor Development (MISD) Sensor Suite […]

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Top Stories

White House budget office tells agencies to draft mass firing plans ahead of potential shutdown

White House budget office tells agencies to draft mass firing plans ahead of potential shutdown

OMB told agencies to prepare mass layoffs if the government shuts down next week, escalating pressur[...]

The University of Virginia lawn. Photo courtesy U.Va.

15 Virginia schools make U.S. News’ 2026 universities list

Fifteen Virginia schools made the U.S. News & World Report’s 2026 Best National Universities list.[...]

President Donald Trump speaks as Commerce Secretary Howard Lutnick listens alongside a poster of the Trump Gold Card in the Oval Office of the White House, Friday, Sept. 19, 2025, in Washington. (AP Photo/Alex Brandon)

Virginia employers face new costs from Trump’s $100k H-1B visa fee

Trump’s $100K H-1B visa fee sows uncertainty for employers, universities and immigrant advocates, [...]

Bon Secours St. Francis Medical Center. Photo by Virginia Business/Kira Jenkins.

State rejects St. Francis hospital expansion

The Virginia state government has rejected a request from Bon Secours’ St. Francis Medical Center [...]

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RTX subsidiary hit by major cyberattack

A major ransomware against an RTX subsidiary disrupted check-in and boarding systems at several airp[...]

A rendering of Commonwealth Fusion Systems' planned facility in Chesterfield County. Image courtesy CFS.

Chesterfield approves fusion power plant permit

Commonwealth Fusion Systems received the Chesterfield zoning permit needed for what could be the wor[...]

People

Hawkeye 360 announces new CFO

Hawkeye 360 announces new CFO

25/9/2025

Redhorse taps new CEO

Redhorse taps new CEO

24/9/2025

Virginia Realtors names 2026 president

Virginia Realtors names 2026 president

19/9/2025

Regions

Virginia Gov. Glenn Youngkin, state Secretary of Commerce and Trade Caren Merrick and Microporous CEO John Reeves were among officials participating in a Nov. 13, 2024, ceremonial groundbreaking for Microporous' lithium-ion battery plant at the Southern Virginia Megasite at Berry Hill in Pittsylvania County.

Area Development ranks Virginia No. 1 for workforce training

The Virginia Talent Accelerator Program has been ranked the top workforce training program in the na[...]

Nostalgia-fueled Colony House reopens

Nostalgia-fueled Colony House reopens

Thanks to $10 million in 21st-century improvements, Roanoke’s Colony House Motor Lodge will on[...]

Chesterfield zoning update moves forward

Chesterfield zoning update moves forward

Chesterfield County advances ZOMod, its zoning overhaul aligning rules with growth goals. Final vote[...]

Peninsula businesses to get capital boost

Peninsula businesses to get capital boost

Small and midsize businesses in distressed and underserved areas of Hampton and Newport News will be[...]


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