Owens & Minor to sell largest business segment for $375M
Fortune 500 company Owens & Minor, based in Henrico County, announced Wednesday that it plans to sell its Products & Healthcare Services segment for $375 million to Platinum Equity.
SAIC to acquire Maryland tech firm for $205M
Science Applications International Corp. has entered into a definitive agreement to acquire SilverEdge Government Solutions for $205 million.
Raytheon wins $5B Army contract
The U.S. Army has awarded Raytheon, a subsidiary of RTX, a roughly $5 billion contract to supply its Coyote Missile System.
Women execs have tougher climb to top rung
We’ve written about glass ceilings and glass cliffs, but to quote the Beatles, let’s look through the glass onion. What’s the glass onion? Well, it’s a metaphor I’m using to describe the multilayered challenges facing women who aspire to be CEOs. The good news is, there are more female CEOs than in years before, including […]
RTX subsidiary lands $578.6M Army contract
Raytheon has been awarded a $578.63 million U.S. Army contract to procure Stinger missiles, ancillary equipment and related support.
RTX subsidiary hit by major cyberattack
A major ransomware against an RTX subsidiary disrupted check-in and boarding systems at several airports across Europe over the weekend
Virginia’s Performance Food Group exploring merger with US Foods
Performance Food Group has entered into an agreement with US Foods to begin sharing information, hinting at a possible merger.
SAIC names chief growth officer
SAIC promotes Bob Ritchie to chief growth officer, uniting technology and business development.
Dollar Tree promotes exec to chief merchandising officer
Dollar Tree announced Tuesday that Brent Beebe will be promoted to chief merchandising officer effective April 2026.
$1.64B CACI defense contract paused after Accenture protest
Following a protest by Accenture Federal Services, the Government Accountability Office has paused a $1.64 billion defense contract awarded to Reston-based Fortune 500 government contractor CACI International. On Aug. 11, the Department of Defense — which President Trump recently rebranded as the Department of War by executive order, pending congressional authorization for a formal name [&hellip[...]
Trump administration withdraws $39.27M for Norfolk offshore wind project
The Trump administration withdrew $39.27 million in federal funding that had been awarded for an offshore wind logistics port in Norfolk.
Banking | Finance 2025: HUTCHINS, MICHAEL T.
It’s musical chairs at Freddie Mac, Virginia’s top-ranked company on Fortune’s U.S. and Global 500 lists. In March, Hutchins became the government-sponsored home mortgage company’s interim CEO for the second time in a year after the Trump administration fired Diana Reid, who’d served as CEO just over six months. It’s a pivotal time for Freddie […]