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Recent Articles from Katherine Schulte
Va. median home sales price breaches $400k for first time
The statewide median sales price for a home in May rose above $400,000 for the first time, according to the Virginia Realtors’ May 2022 Virginia Home Sales Report. The median price was $401,082, up 8.7% and more than $32,000 from a year ago. In total, 13,048 homes sold in Virginia in May, an 8.5% decrease […]
Hanley Energy to add 343 jobs in Ashburn
Irish energy management company Hanley Energy will invest $8 million to expand its Hanley Energy Electrical division in Loudoun County, a project expected to create 343 jobs, Gov. Glenn Youngkin announced Thursday. Hanley Energy will open a facility at 44381 Russell Branch Parkway to serve the data center market in Ashburn with equipment installation and […]
Northrop Grumman division lands $458M Navy contract
A division of Falls Church-based Northrop Grumman Corp. won a $458 million contract to support the Navy’s Columbia and Dreadnought Fleet Ballistic Missile Program, the U.S. Department of Defense announced Friday. Under the cost-plus-incentive-fee and cost-plus-fixed-fee contract, Northrop Grumman’s Marine Systems in Sunnyvale, California, will provide fiscal 2022 through 2026 shipyard [...]
Two govcons to merge, move HQ to NoVa
Colorado-based government contractor Vectrus Inc. and Mississippi-based The Vertex Co. will merge to form a company that will be based in Northern Virginia. Vectrus shareholders approved the all-stock merger, expected to close in the third quarter of 2022, on Wednesday. The combined company will be named V2X Inc. and will trade on the NYSE under […]
Henrico Doctors’ Hospital names new chief medical officer
Dr. Ajit Singh is the new chief medical officer of Henrico Doctors’ Hospital, HCA Virginia Health System announced Wednesday. Henrico Doctors’ Hospital encompasses the Forest, Parham and Retreat campuses. “Ajit values teamwork and is passionate about providing best-in-class care to our patients,” Henrico Doctors’ Hospital CEO Ryan Jensen said in a statement. “We are fortuna[...]
Lego to build $1B factory in Chesterfield
It’s highly unlikely that it will be built from brightly colored plastic bricks, but the Lego Group will be bringing a $1 billion toy manufacturing plant to Chesterfield County’s Meadowville Technology Park, creating more than 1,760 jobs, the company and Virginia Gov. Glenn Youngkin announced Wednesday during a press conference at the Science Museum of […]
Hampton Roads Community Foundation elects new chair
The Hampton Roads Community Foundation Board of Directors elected Sharon Goodwyn as chair, the foundation announced last week. An attorney at Hunton Andrews Kurth LLP, Goodwyn is the first African American and the first woman to serve as chair of the foundation, which was established in 1950. She served as vice chair of the board […]
Port of Va. partnering with Norfolk Southern
The Port of Virginia is part of a new partnership with Norfolk Southern Corp., Hapag-Lloyd and Union Pacific Railroad. The partners will provide expedited train shipping from the East Coast to the western U.S., Norfolk Southern announced last week. The partnership, called OceaNS Bridge Express, will start at the Port of Virginia’s Norfolk International Terminals […]
Gee appointed permanent director of Va. Lottery
Gov. Glenn Youngkin announced Friday he has appointed Kelly T. Gee as permanent executive director of the Virginia Lottery, after she served as acting director since January. When she joined the agency in 2018, Gee served as manager of government relations, where she was responsible for managing legislative outreach efforts. She assumed the permanent position […]
Derivatives exchange company to create 37 jobs in Fairfax
Tysons-based derivatives exchange company Nodal Exchange will invest $300,000 to expand its Fairfax County headquarters, creating 37 jobs, Gov. Glenn Youngkin announced Thursday. The company will increase capacity at its headquarters, located at 1921 Gallows Road in Tysons. “Nodal Exchange offers the largest suite of power and environmental contracts in the world, and we are […]
