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Recent Articles from Sydney Lake
Labor market recovery slowed during early February
Labor market recovery slowed during the week of Feb. 7 through Feb. 13, according to Virginia Commonwealth University and Arizona State University economists. Between early January and early February, employment held constant at 68.6%, which is 5.2% lower than it was in February 2020, according to the Real-Time Population Survey conducted by Virginia Commonwealth University […]
Alexandria firm names chief information officer
Alexandria-based ST Engineering North America Inc. has hired Gunjan Goel as its chief information officer. With more than 20 years of experience, he most recently served as senior vice president of information technology at tech company Cobham. A defense contractor, ST Engineering North America specializes in maintenance, repair and overhaul (MRO) services for the aviation […]
Fairfax tech company names chief technology officer
Fairfax-based tech company Pyramid Systems announced Wednesday it has hired Kevin Worley as chief technology officer and head of technology operations. With more than 20 years of technology experience, Worley most recently served as vice president of solutions for digital transformation for Reston-based defense contractor Science Applications International Corp. In his new role, he will […]
Arlington firm buys two global training companies
Arlington-based security government services firm IDS International announced Wednesday it has acquired Arlington-based global training companies DECO and GovSource. Financial terms of the transactions were not disclosed. DECO provides global training and technical services while GovSource provides military and law enforcement training to the U.S. government. IDS provides training and technica[...]
KTGY Architecture + Planning names director of production in Tysons
KTGY Architecture + Planning announced Thursday it has promoted Adam Hale as director of production in its Tysons office. Hale will oversee all phases of the construction process at the full-service design firm, which focuses on residential and mixed-use developments. He has more than 15 years of experience in multifamily design and construction. Hale earned […]
Calif. company buys Progeny Systems division for $30M
Simi Valley, California-based unmanned aircraft systems (UAS) company AeroVironment announced Wednesday it has acquired Manassas-based Progeny Systems Corp.’s Intelligent Systems Group (ISG) for $30 million in an all-cash transaction. ISG develops artificial intelligence-enabled computer vision, machine learning and perceptive autonomy technologies for the Department of Defense and intellige[...]
$8.5M parcel in Spotsylvania to be used for Veterans Affairs clinic
Nearly 50 acres of land along Route 1 and Interstate 95 in Spotsylvania County has sold for $8.5 million, Cushman & Wakefield | Thalhimer announced Wednesday. The 48.75-acre parcel will be used to develop one of the nation’s largest Veterans Affairs facilities, according to Cushman & Wakefield | Thalhimer. Carnegie Management and Development Corp. will […]
Huntington Ingalls promotes three VPs
Newport News-based Huntington Ingalls Industries announced Wednesday three promotions in its technical solutions division. Grant Hagen has been promoted as vice president of business operations; Jaime Orlando has been promoted as vice president of communications; and Chris Walton has been promoted as vice president of information technology. They will all assume their positions March 1 […]
Charlottesville construction software company acquired by Neb. firm
Omaha, Nebraska-based construction management software company Buildertrend announced Wednesday it has acquired Charlottesville-based CoConstruct, a similar software company. Financial terms of the transaction were not disclosed, but the two businesses in 2020 served a combined 23,000 clients and more than 1.1 million users, representing more than $200 billion in annual construction projects. The [...]
Va. saw nearly 20% drop in initial jobless claims last week
Initial jobless claims filed last week fell 19.8% from the previous week, according to figures released Thursday by the Virginia Employment Commission but continued claims slightly increased. During the week ending Feb. 20, 11,944 Virginians filed initial unemployment claims, compared to 14,901 from the week prior. Last week, 64,575 Virginians remained unemployed; that represents 42,082 [&hellip[...]
