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Va. sees highest number of initial jobless claims since July 2020
Last week, more than 28,000 Virginians filed initial unemployment claims — a 44.5% jump from the previous week. This is the greatest number of initial claims reported since July 2020. During the week ending Jan. 9, 28,227 Virginians filed initial claims, which was an increase of 8,697 from the previous week. This could in part […]
PBMares names new CEO
Newport News-based accounting and consulting firm PBMares LLP announced Tuesday that Harvey L. Johnson has been promoted as CEO, effective Jan. 1. Johnson, a partner and cybersecurity and control risk services practice leader, will serve as the company’s second CEO in the firm’s 58-year history. He succeeds Alan S. Witt, who became CEO in 1979. […]
HII acquires unmanned systems business
Newport News-based Huntington Ingalls Industries (HII) announced Monday it has acquired Virginia Beach-based Spatial Integrated Systems Inc.’s (SIS) autonomy business. Financial terms of the transaction were not disclosed, but the acquisition expands HII’s unmanned systems capabilities, according to a company statement. Approximately 50 SIS employees will join unmanned systems business group i[...]
Smithfield Foods gifts $300K to Hampton Roads Workforce Council
Smithfield Foods Inc., the world’s largest pork processor and hog producer, announced Tuesday it has donated $300,000 to the Hampton Roads Workforce Council (HRWC), a nonprofit that develops workforce policy and initiatives in Southeastern Virginia. The donation will support the HRWC’s new Veterans Employment Center in Newport News. The center will provide resources and coaching […]
Northrop Grumman CEO Kathy Warden to chair Aerospace Industries Association board
The Aerospace Industries Association (AIA) announced Tuesday it has named Northrop Grumman Chairman, President and CEO Kathy Warden to serve as the chair of the AIA’s board of governors for 2021. Mike Petters, president and CEO of Newport News-based Huntington Ingalls Industries, will serve as vice chairman. Since 1919, the AIA has served as the […]
Va. initial jobless claims nearly doubled last week
The number of initial jobless claims filed last week jumped 93.5% — its highest level since the Aug. 8 filing week, the Virginia Employment Commission reported Thursday. For the week ending Dec. 5, 16,654 Virginians filed initial claims for unemployment, nearly a two-fold increase of 8,048 from the previous week. “While one week doesn’t constitute […]
Williamsburg engineering company acquired by Kansas firm
Williamsburg-based TAM Consultants Inc. has been acquired by Kansas engineering firm Terracon Consultants Inc. Founded in 2002, TAM is a 15-person professional services firm that provides building consulting and facilities engineering services for public- and private-sector clients throughout the mid-Atlantic region. TAM has offices in Richmond, Williamsburg and Newport News. TAM’s employees are[...]
Va. jobless claims fall to lowest level since March
The number of initial jobless claims filed last week fell to its lowest level since the pandemic’s employment effects began to be felt in mid-March, the Virginia Employment Commission reported Thursday. Initial jobless claims in Virginia dropped by 29.7% last week compared with the previous filing week, according to the VEC, while continued claims fell […]
These 16 Va. companies received $10M PPP loans
The U.S. Small Business Administration on Tuesday released additional information about all approved borrowers from its $659 billion Paycheck Protection Program (PPP) small business relief program, this time including exact company names, loan amounts, addresses and other information. Previously, the government in early July had released an incomplete list of recipients, including only ranges of[...]
Newport News Shipbuilding lands $2.2B sub contract modification
Newport News-based Huntington Ingalls Industries (HII)’s Newport News Shipbuilding division received a $2.2 billion contract modification from Reston-based General Dynamics Electric Boat for construction of the first two Columbia-class ballistic missile submarines, the company announced on Monday. The U.S. Navy in early November awarded Electric Boat a $9.474 billion contract modification to bui[...]
Newport News company lands $146M Navy contract
The Naval Air Systems Command awarded Newport News-based government contractor Aery Aviation LLC a five-year, $146 million contract to design, engineer and test aircraft, the company announced Wednesday. Under the U.S. Navy contract, Aery Aviation will acquire and modify 13 aircraft, including three models of Learjet and Gulfstream IV aircraft, through design, engineering, modification and [&helli[...]
W.M. Jordan exec joins National Academy of Construction
The Austin, Texas-based National Academy of Construction (NAC) on Thursday elected John R. Lawson II, executive chairman of Newport News-based W.M. Jordan Co., as a member of its 2020 class. Lawson in 2018 stepped down as president and CEO after 32 years leading W.M. Jordan, which his father founded in 1958. During his tenure, the […]
