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Yorktown, Newport News apartments sell for $45M, $36.7M
Two apartment properties in Hampton Roads have been sold by Philadelphia-based Resource REIT Inc., Colliers announced last week. Pines of York, a 248-unit apartment complex built in 1974 and located at 3100 Hampton Highway in Yorktown, sold for $45 million. New Jersey-based Riverpass Holdings LLC purchased the property from Resource REIT. Tech Center Square, an […]
HII taps Northrop Grumman exec as new VP
Huntington Ingalls Industries announced Wednesday it has hired Mike Aldinger as vice president of the live, virtual, constructive (LVC) training solutions department in its technical solutions division. Aldinger joins Newport News-based HII after 22 years at Northrop Grumman Mission Systems. HII is the United States’ largest military shipbuilding company and includes Newport News Shipbuildin[...]
Huntington Ingalls Industries names president of cyber warfare group
Newport News-based Fortune 500 military shipbuilder Huntington Ingalls Industries (HII) named Grant Hagen president of its technical solutions division’s Cyber and Electronic Warfare business group, it announced Monday. “I’m confident in Grant’s vision to successfully lead our Cyber and EW team. With his exceptional expertise in business operations, I’m excited to see wha[...]
Langley Federal Credit Union to merge with Va. Beach Schools Credit Union
Newport News-based Langley Federal Credit Union and the Virginia Beach Schools Federal Credit Union have received regulatory approval for a Nov. 1 merger that will create a $4.1 billion institution, the credit unions announced Thursday. Langley CEO Tom Ryan will serve as CEO of the combined entity, which is expected to be fully integrated by […]
General Dynamics subsidiary wins $482M contract modification
A subsidiary of Reston-based Fortune 100 contractor General Dynamics Corp. won a $482 million modification for a previously awarded U.S. Navy contract, the Department of Defense announced Friday. Under the cost-plus-fixed-fee modification from Naval Sea Systems Command, Groton, Connecticut-based General Dynamics Electric Boat Corp. will continue to provide lead yard support, as well as development[...]
Five-building industrial portfolio sells for $9M
A five-building industrial portfolio with buildings in Harrisonburg, Chesterfield County, Newport News, Virginia Beach and Durham, North Carolina, sold for just over $9 million Thursday, Glen Allen-based commercial real estate firm Commonwealth Commercial Partners LLC (CCP) announced. ESAP LLC sold the portfolio to Drakadia Holdings LLC, a business entity registered to an eastern Henrico County [&[...]
Newport News data analysis co. wins $100M GSA contract
Newport News-based professional services and data analysis company ITA International LLC won a $100 million contract from the U.S. General Services Administration to help defense agencies use data driven tools, it announced Thursday. Under the five-year Small Business Innovation Research phase III indefinite delivery, indefinite quantity contract, ITA will provide customized data visualization and[...]
CNU President Paul Trible to retire in August
Christopher Newport University President Paul S. Trible Jr. announced Friday he plans to retire as president next August. He will then serve as chancellor for the next academic year, and Adelia Thompson, university’s chief of staff and acting CEO, will be CNU’s interim president. Trible, a former U.S. senator and member of the House of […]
Aery Aviation to add 211 jobs, expand Newport News HQ
Newport News-based defense contractor Aery Aviation LLC will add 211 jobs with the $15.3 million expansion of its headquarters in Newport News, Gov. Ralph Northam announced Tuesday. The aviation company will build a 60,000 square-foot hangar with access to the Newport News/Williamsburg International Airport runway and an engineering technology center to provide maintenance and modification [&helli[...]
Two Va. companies among group that won $950M Navy contract
Two Virginia federal contracting companies were part of a group of companies that won a maximum $950 million construction contract from Naval Facilities Engineering Systems Command (NAVFAC) Mid-Atlantic, Norfolk. Along with six other contractors, they can compete for task orders under the terms of the contract, the Department of Defense announced Friday. Virginia Beach-based S.B. […]
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[...]
Huntington Ingalls Industries wins $273M Navy contract
Newport News-based Huntington Ingalls Industries’ Technical Solutions division won a $273 million contract with the U.S. Navy to support its carrier engineering maintenance assist team, surface engineering maintenance assist team for West Coast surface ships and other maintenance programs, it announced Tuesday. “Continuous modernization and sustainment of our nation’s fleet is essent[...]
