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Clean slate
On April 17, 2020, with a flourish of the pen, Virginia Gov. Ralph Northam reshaped the future of energy production in the commonwealth. Signing the Virginia Clean Economy Act (VCEA) into law last year, Northam declared that Virginia would become a leader in fighting climate change, and, indeed, no other Southern state has passed legislation […]
Energy
EDWARD H. ‘ED’ BAINE PRESIDENT, DOMINION ENERGY VIRGINIA, RICHMOND Baine is an example of the American dream made real. He grew up poor, working on his family’s tobacco farm in Lunenburg County, where, he says, he learned the value of hard work, dedication and responsibility. He subsequently applied that lesson during his more than […]
Virginia’s Fortune 500 companies
Once again, Virginia is well represented on the Fortune 500, with 22 companies from the commonwealth making this year’s list, which ranks the 500 largest publicly traded companies in the United States by total revenue. Mortgage finance company Federal Home Loan Mortgage Corp. (“Freddie Mac”) continues to top Virginia’s list of Fortune 500 companies. With […]
Huntington Ingalls Industries completes $1.65B Alion deal
Newport News-based Fortune 500 military shipbuilder Huntington Ingalls Industries has completed its $1.65 billion, all-cash acquisition of McLean-based defense contractor Alion Science and Technology Corp. from Veritas Capital, HII announced Thursday. The acquisition was first announced in July. Alion, with more than 3,200 employees, will become part of HII’s Technical Solutions division. Th[...]
Biden will nominate SAIC senior VP as Army under secretary
President Joe Biden announced Tuesday his intent to nominate Gabe Camarillo, a senior vice president at Reston-based Fortune 500 federal contractor Science Applications International Corp., for under secretary of the U.S. Army. Camarillo is SAIC’s senior vice president of its army business unit and previously held other leadership positions within SAIC. He also has worked […]
Altria to sell winemaking division for $1.2B
Henrico County based Altria Group Inc. announced Friday that it has entered into a definitive agreement to sell its Ste. Michelle Wine Estates winemaking division for $1.2 billion to New York-based private equity firm Sycamore Partners Management LP in an all-cash deal. The deal is expected to close by the end of this year. The […]
39 Virginia companies make 2021 Fortune 1000 list
Thirty-nine Virginia-based companies made Fortune magazine’s 67th annual Fortune 1000 list, which was released Wednesday. The list ranks the 1,000 largest United States corporations by total revenue. Twenty-two companies made the elite Fortune 500 list, including Fortune 500 newcomer CACI International Inc., which was ranked at No. 473 this year. It was ranked No. 549 […]
Leidos names new CFO
Longtime Leidos Holdings Inc. executive Christopher Cage has been named as the Reston-based federal contractor’s new chief financial officer. Cage will begin his role July 5. He currently serves as senior vice president and chief accounting officer for the Fortune 500 company, where he’s worked since 1999. Cage was director of financial planning and analysis […]
Booz Allen Hamilton acquires Herndon IT company for $725M
McLean-based Fortune 500 global management consulting company Booz Allen Hamilton Inc. announced Tuesday that it has entered into a definitive agreement to acquire Herndon-based Liberty IT Solutions LLC for $725 million. In a statement, Booz Allen President and CEO Horacio Rozanski said, “This acquisition supports our long-term strategy to drive continued growth by investing in innovative [[...]
SCC approves nine solar farms to provide power for Dominion
On April 30, the Virginia State Corporation Commission approved nine major solar farms, which have the potential to generate nearly 500 megawatts and power 125,000 homes for Virginia customers of Richmond-based Fortune 500 utility Dominion Energy Inc. “This is another major step forward in building a clean energy economy in Virginia,” said Ed Baine, president of Dominion […]
Two Virginia companies make 2021 LinkedIn Top Companies list
Virginia-based Fortune 500 companies Northrop Grumman Corp. and Capital One Financial Corp. are among the 50 best workplaces to grow your career, according to LinkedIn’s Top Companies List, released this week. Falls Church-based Northrop Grumman, which ranks No. 32 on the LinkedIn Top Companies list, was cited for a variety of mentorship programs for women. […]
Norfolk Southern names new VP of government relations
Norfolk-based Norfolk Southern Corp. announced on Tuesday that its board of directors has elected Frank Voyack as the company’s vice president of government relations, effective May 1. Voyack succeeds Marque Ledoux, who is retiring after 18 years with the Fortune 500 freight railroad. In his new role, Voyack will lead Norfolk Southern’s efforts in Washington, […]
