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Recent Articles from Sydney Lake
GSA awards Northrop Grumman $690M task order
The U.S. General Services Administration (GSA) has awarded Falls Church-based Fortune 100 defense contractor Northrop Grumman Corp. a $690 million task order to develop a suite of data systems for the Defense Intelligence Agency (DIA). Under the contract awarded by the GSA’s Federal Systems Integration and Management Center (FEDSIM), Northrop Grumman will build big data […]
General Dynamics lands $1.22B Army air defense contract
The U.S. Army awarded Reston-based Fortune 100 defense contractor General Dynamics Corp.’s land systems division a potential five-year, $1.22 billion contract to manufacture and test systems that are designed to destroy, neutralize or deter low-altitude aerial threats, the Department of Defense announced Wednesday. Under the contract, General Dynamics will provide Interim Maneuver Short-Rang[...]
Virginia National, Fauquier banks to merge
The parent holding companies of Virginia National Bank and The Fauquier Bank will merge under the Virginia National brand into a combined bank with $1.6 billion in total assets. Charlottesville-based Virginia National Bankshares Corp. and Warrenton-based Fauquier Bankshares Inc. have signed a definitive merger agreement, the banks announced Thursday. The combined company will have approximately $[...]
Riverside Medical Group names president, chief medical officer
Riverside Medical Group (RMG), the medical group for Newport News-based Riverside Health System, announced Wednesday Dr. Thomas Kayrouz has been named as president and chief medical officer, overseeing more than 600 providers and 100 practice sites. With a career in pediatric critical care medicine and physician-led health care leadership, Kayrouz was most recently the executive […]
AHLA: Va. stands to lose 86K+ hotel jobs without federal support
Virginia stands to lose 86,821 hotel-related jobs if Congress doesn’t extend Paycheck Protection Program loans or expand the Main Street Lending program, according to projections released Wednesday by the American Hotel & Lodging Association (AHLA) — and the state may lose all but about 500 hotels to foreclosure. Pre-pandemic, Virginia was home to 1,532 hotels, […]
Va. offshore wind industry could create 5.2K jobs, study finds
The offshore wind industry could create up to 5,200 jobs in Virginia (with a majority in Hampton Roads) and an estimated $740 million in total economic activity during the next several years, according to an economic impact analysis conducted by Henrico County-based Mangum Economics and released Tuesday by the Hampton Roads Alliance. Richmond-based Dominion Energy […]
Arlington tech firm launches ransomware negotiation service
Arlington-based threat intelligence company GroupSense on Tuesday launched a new service to help companies dealing with ransomware attacks. The ransomware negotiation service will allow GroupSense to help during the negotiation process with hackers. During ransomware attacks, rogue software can block access to programs and data until a payment is made to hackers. “Enterprises need to [&h[...]
Suffolk city manager resigns
Suffolk City Manager Patrick Roberts has resigned, effective Oct. 2. Suffolk City Council accepted Roberts’ resignation during a special meeting on Monday evening after returning from a closed session. Albert Moor was appointed as interim city manager and will assume the position Oct. 3. “It is with extremely heavy hearts that we have agreed to […]
Good deeds
The pandemic hasn’t seemingly slowed down commercial real estate development and transactions in Hampton Roads. Despite significant financial hits to the hospitality industry, the $125 million, 305-room Marriott Virginia Beach Oceanfront opened in June, the second phase of Gold Key | PHR’s three-phase, $350 million renovation and expansion of The Cavalier Resort. Also in June, [&hell[...]
By land, sea and air
Faced with challenges associated with the COVID-19 pandemic, many Hampton Roads businesses and universities are looking to drones for help. Unmanned flight systems also are likely to drive economic development in the future. In May, when the fear of dwindling personal protective equipment was still fresh, the Herndon-based Center for Innovative Technology (CIT) partnered with […]
