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Dominion Energy promotes exec to CFO
Richmond-based Dominion Energy Inc. has promoted Steven D. Ridge to chief financial officer and senior vice president, replacing James R. Chapman, who will leave the company, the Fortune 500 utility announced Friday. Currently vice president of investor relations, Ridge will start his new role later this month and will be responsible for corporate and financial […]
Leidos completes acquisition of Aussie special missions biz
Reston-based Leidos has completed its acquisition of Australia-based Cobham Aviation Services’ special mission subsidiary from British technology aerospace manufacturer Cobham Ltd., the Fortune 500 federal contractor announced Monday. The $215 million deal was first announced in August. The acquisition adds airborne surveillance and search and rescue missions to Leidos’ Australia p[...]
Arko to buy Pride convenience stores for $230M
Arko Corp., a Fortune 500 holding company for Richmond-based convenience store chain GPM Investments LLC, announced Monday it has agreed to acquire Pride Convenience Holdings LLC, which operates 30 Pride convenience stores in Massachusetts and one in Connecticut. The $230 million acquisition, plus the value of inventory, would bring Arko into Massachusetts and a total […]
Accenture Federal Services lands $189M CDC contract
Arlington-based Accenture Federal Services has received a $189 million contract to help speed the Centers for Disease Control and Prevention’s migration to the cloud. According to a news release Thursday, AFS will work with the CDC modernize its portfolio of information technology systems, examine enhancing functionality of those systems, and move systems into a secured […]
Lowe’s to open distribution facility in Suffolk
North Carolina-based home improvement retailer Lowe’s Cos Inc. will establish a coastal holding facility in the city of Suffolk, adding 100 jobs, Gov. Glenn Youngkin announced Thursday. Lowe’s had more than $96 billion in sales in fiscal 2021 and it operates or services nearly 2,200 home improvement and hardware stores, employing more than 300,000 associates. […]
Dollar Tree names new C-suite execs after shakeup in June
After a C-suite shakeup this summer, Chesapeake-based Fortune 500 discount retailer Dollar Tree Inc. is filling spots on its leadership team. This week, the company named a new chief operating officer and chief development officer. On Monday, Dollar Tree named Michael Creedon Jr. chief operating officer. Creedon had been with Advance Auto Parts since December […]
Northrop Grumman names new defense systems president
Falls Church-based Northrop Grumman Corp.‘s board of directors has appointed Roshan Roeder as corporate vice president and president of the Fortune 500 company’s defense systems sector. Roeder currently serves as vice president and general manager of the airborne multifunction sensors division within the federal contractor’s missions systems sector. Roeder’s new role is eff[...]
Arko to acquire Transit Energy Group for $375M
Arko Corp., a Fortune 500 holding company for Richmond-based convenience store chain GPM Investments LLC, announced Monday that GPM and some of its subsidiaries have agreed to acquire South Carolina-based Transit Energy Group for approximately $375 million plus the value of inventory. Transit Energy Group has about 150 convenience stores and fuel supply rights to […]
Academy Sports + Outdoors opens first Va. location
Sporting goods retailer Academy Sports + Outdoors has opened its first store in Virginia with a location in Henrico County’s Short Pump area. The Texas-based Fortune 500 company opened Monday in a 58,075-square-foot store at 11861 W. Broad St. in The Corner at Short Pump, with 60 employees. Its grand opening is scheduled Friday, Aug. […]
Six Va. companies land spots on Fortune Global 500
Six Virginia-based companies have landed spots on Fortune Magazine’s Global 500 list, which was released Thursday and ranks the world’s 500 largest corporations by total revenue. Walmart Inc. took the top spot on the list, reporting $572 billion in revenue, retaining its top spot from last year. Amazon.com Inc. followed behind, rising a spot to […]
Leidos buys Aussie special missions biz
Reston-based Fortune 500 federal contractor Leidos Holdings Inc. has entered into an agreement with British technology aerospace manufacturer Cobham Ltd. to purchase the special missions business from its Australia-based Cobham Aviation Services subsidiary, according to a news release. Financial details of the deal, which will add airborne surveillance and search and rescue missions to Leidos̵[...]
HII receives $826M defense contract
Newport News-based Huntington Ingalls Industries will provide technology and other support to the Department of Defense under a $826 million contract. According to a news release, HII’s McLean-based mission technologies division will also provide threat analysis and analytics support as well as operations integration and operational effects support. The work will support Defense Department s[...]
