Sign In
Free Newsletter
Recent Articles from Katherine Schulte
U.Va. Darden takes 9th in Bloomberg MBA program ranking
The University of Virginia’s Darden School of Business tied for No. 9 out of 84 U.S. schools in the 2021-2022 Bloomberg Businessweek Best B-Schools MBA list, released this week. The Darden School dropped from the No. 4 slot that it earned in 2019 and tied with The Wharton School of the University of Pennsylvania this […]
Richmond pharma company Kaléo acquired
New York-based Marathon Asset Management LP announced Monday it has entered into a definitive agreement to acquire Richmond-based privately held pharmaceutical company Kaléo Inc., which is known for making injectors to treat allergic anaphylaxis and opioids overdoses. The total base purchase price is approximately $310 million in cash, less certain adjustments and includes potential net […[...]
SAIC wins potential $1.11B Navy contract
Reston-based Fortune 500 government contractor Science Applications International Corp. (SAIC) won an up to $1.11 billion contract with the U.S. Navy, the U.S. Department of Defense announced last week. Under the fixed-price incentive, firm-fixed-price and cost-plus-fixed-fee $123.68 million contract, SAIC will provide MK 48 Mod 7 heavyweight afterbody/tailcones and warshot fuel tank torpedo equip[...]
Va. had record 328,000 job openings in September
Virginia had 328,000 job openings in September and 123,000 quits, 4,000 fewer quits than the April 2021 peak, according to U.S. Bureau of Labor Statistics’ latest Job Openings and Labor Turnover Survey (JOLTS) data released Nov. 19. The September job openings number set a record previously set in July, when there were 320,000 openings. The […]
BlueHalo acquires Md. software company
Arlington-based tech contractor BlueHalo announced Tuesday that it had acquired Annapolis Junction, Maryland-based software solutions provider Asymmetrik Ltd. Financial details of the transaction were not disclosed. Founded in 2008, Asymmetrik develops software solutions and technology tools to enable the intelligence community’s programs. It delivers open-source intelligence technologies to ena[...]
Northrop Grumman promotes next president of space systems sector
Tom Wilson will be promoted to corporate vice president and president of space systems for Falls Church-based Fortune 500 aerospace and defense contractor Northrop Grumman Corp. on Jan. 1. “Tom’s leadership experience and achievements in the national security, civil and commercial space markets make him ideally suited for his new role,” Kathy Warden, Northrop Grumman’s […]
M.C. Dean secures $250M Washington HQ Services contract
Tysons-based electrical engineering firm M.C. Dean Inc. won a $250 million contract with the Washington Headquarters Services in Arlington, the U.S. Department of Defense announced Thursday. Under the firm-fixed price, indefinite delivery, indefinite quantity Pentagon Force Protection Agency Integrated Security Services Contract, M.C. Dean will provide a total system approach for providing integra[...]
GDIT wins $829M Defense Intelligence Agency contract
Falls Church-based General Dynamics Information Technology Inc. (GDIT) won an $829 million contract with the Defense Intelligence Agency (DIA), the U.S. Department of Defense announced Monday. Under the fixed-price, award-fee task order, the Fortune 500 General Dynamics Corp. subsidiary will provide all IT help desk services for the DIA. Work will be performed at Joint […]
Former LeClair Ryan execs reach $10M settlement
Former executives at Richmond-based LeClair Ryan PLLC have reached a settlement with the firm’s insurer and bankruptcy trustee over $10 million in pending claims, according to a report from The American Lawyer. The firm’s liability insurer, Columbia Casualty, agreed to pay the firm’s trustee, Lynn Tavenner, $9.425 million to resolve claims including conspiracy and breach […]
Roanoke biz to create 30 jobs in Scott County
Roanoke-based VFP Inc. will invest $7.2 million to expand in Scott County, creating 30 jobs, Gov. Ralph Northam announced Monday. The expansion will allow VFP to produce larger concrete shelters. “Great workers live in Southwest Virginia, and companies like VFP recognize that,” Northam said in a statement. “Virginia is advancing manufacturing across the commonwealth, and […]
