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October 2022 Top Five
The top five most-read daily news stories on VirginiaBusiness.com from Sept. 14 to Oct. 14 included an announcement of a major agricultural operation in Chesterfield County expected to begin operation in late 2023 or early 2024. 1 | Lowe’s to open distribution facility in Suffolk The North Carolina-based home improvement retailer plans to establish […]
Stairway to heaven
Nationally, CEO pay in 2021 reached historic highs for the second year in a row, and Virginia was no exception to this trend. The CEOs of Virginia’s largest publicly traded companies were rewarded handsomely last year, with CEO compensation rising 4.9% year-over-year to an average $8.467 million compensation package, compared with $8.068 million in 2020. […]
Raytheon wins $985M Air Force hypersonic missile contract
Raytheon Technologies Corp.’s missile and defense division has received the go-ahead from the Air Force to move beyond the prototype phase and continue development of a new hypersonic cruise missile weapon under a nearly $1 billion contract announced by the Pentagon Thursday. The Hypersonic Attack Cruise Missile is an air-launched, maneuverable weapon propelled by a […]
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[...]
Artemis I to launch with help from Va. contractors
EDITOR’S NOTE: Monday’s launch was scrubbed by NASA shortly after 8:33 a.m. because of an engine issue. Weather permitting, if the Artemis 1 moon mission launches from NASA’s Kennedy Space Center in Florida Monday morning as planned, it will be powered in part by the work of Virginia-based contractors. The uncrewed flight test is the […]
Northrop Grumman lands $338M helicopter avionics contract
Northrop Grumman has received a $338 million contract from the Navy for continued integration and development of the Marine Corps’ H-1 helicopter fleet’s avionics systems and weapons. Under the contract, the Falls Church-based Fortune 500 aerospace, defense and technology contractor will research alternatives to and investigate and document new capabilities and anomalies of H-1 avionic[...]
Northrop Grumman division lands $458M Navy contract
A division of Falls Church-based Northrop Grumman Corp. won a $458 million contract to support the Navy’s Columbia and Dreadnought Fleet Ballistic Missile Program, the U.S. Department of Defense announced Friday. Under the cost-plus-incentive-fee and cost-plus-fixed-fee contract, Northrop Grumman’s Marine Systems in Sunnyvale, California, will provide fiscal 2022 through 2026 shipyard [...]
Northrop Grumman taps chief diversity officer
Falls Church-based Fortune 500 defense contractor Northrop Grumman Corp. has promoted Kenny Robinson to vice president and chief diversity officer, effective May 31. Robinson will be responsible for advancing Northrop Grumman’s diversity, equity and inclusion strategy and programs, the company’s corporate citizenship, DEI and ethics programs, as well as serve as president of the Northr[...]
HII’s Mission Technologies division names new VP
Huntington Ingalls Industries has named Henry Choi as its new vice president of business development for cyber, electronic warfare and space for its McLean-based Mission Technologies division. Choi will be responsible for business growth, strategy and customer engagement, according to an announcement Monday by Newport News-based HII. He has more than 30 years of experience […]
Northrop Grumman awarded nearly $200M in DOD contracts
Falls Church-based Fortune 500 defense contractor Northrop Grumman Corp. has been awarded two contracts worth nearly $200 million to complete projects for the Navy, according to a March 31 Department of Defense announcement. One contract, worth more than $98 million, calls for providing materials, including sensors, assemblies and battery kits to support the Navy’s Large […]
NASA orders more space missions from Northrop Grumman
NASA has ordered 12 more resupply missions to the International Space Station, six of which have been placed with Falls Church-based Northrop Grumman, the space agency announced March 25. Another six missions are from Elon Musk’s California-based SpaceX. According to NASA’s announcement, the missions, part of its Commercial Resupply Services-2 contracts, are to ensure continuous [&hell[...]
Thinking big
At Virginia’s largest publicly traded companies, the past year has been a constant exercise in challenging the status quo. Some major changes could be seen at the consumer level, as Dollar Tree Inc. raised its namesake base price point to $1.25, and Capital One Financial Corp. eliminated overdraft fees for its banking customers. And the […]
