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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[...]
Dominion files construction, operations plan for $7.8B offshore wind farm
Richmond-based Dominion Energy Inc. announced Friday it has filed the required construction and operations plan (COP) with the Bureau of Ocean Energy Management to build the utility’s proposed $7.8 billion, 2,640-megawatt Coastal Virginia Offshore Wind (CVOW) project. “This is an important step in the process toward bringing commercial-scale offshore wind to the commonwealth and shows [...]
14K+ Virginians filed initial jobless claims last week
The number of initial jobless claims filed last week reached close to its Aug. 8 peak, with more than 14,000 Virginians filing initial unemployment claims, according to Virginia Employment Commission data released Thursday. The week prior, initial claims reached more than 16,000. While there was a 12.9% decrease in claims from the previous week, the […]
Dominion announces construction has begun on offshore wind vessel
Dominion Energy Inc. announced Wednesday that construction has begun on the utility’s new vessel that will ferry the workers and huge components needed for its planned buildout of the largest offshore wind farm in the country off the coast of Virginia Beach. Named Charybdis after the sea monster from Greek mythology, Dominion’s U.S.-flagged ship will […]
Kitty Hawk offshore wind project to create 600 jobs in Hampton Roads area
Avangrid Renewables, a subsidiary of Connecticut-based Avangrid Inc., submitted construction and operations plans on Dec. 11 for the first phase of its Kitty Hawk Offshore Wind project, a development it says will generate $2 billion in economic impact between 2021 and 2030 and create nearly 800 jobs in Virginia and North Carolina. Located 27 miles […]
Land in Portsmouth sells for $1.05M
A 0.75-acre plot of land sold in Portsmouth for development of a car wash location, Cushman & Wakefield | Thalhimer announced Tuesday. Green Clean Holdings purchased the land located at 5820 High St. from Chesapeake-based Parker Burnell Real Estate Group for $1.05 million. The buyer plans to develop its ninth Hampton Roads Green Clean Auto […]
Va. Beach packaging manufacturer acquires Utah company
Virginia Beach-based packaging manufacturer Fortis Solutions Group LLC announced Thursday it has acquired Orem, Utah-based Kala Packaging. Financial terms of the transaction were not disclosed. “With its fleet of digital presses and top-tier flexographic printing technology, Maui Chai and the Kala team have established a national presence in the quick-turn labels and flexible packaging m[...]
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 […]
Samaritan House receives $1.25M Bezos-funded grant
Virginia Beach-based Samaritan House has received a $1.25 million grant from the Day 1 Families Fund, which was launched in 2018 by Amazon.com Inc. founder and CEO Jeff Bezos, the organization announced Wednesday. Samaritan House is one of 42 nonprofits across the country (and the only Virginia nonprofit) to receive a grant in the $2 […]
Two Va. companies win spots on $211M Navy contract
The U.S. Navy awarded Arlington-based defense contractor Leonardo DRS Inc. and Virginia Beach-based VT Group positions on a five-year, $211.6 million contract to help the branch sustain its technical insertion equipment, the Department of Defense announced Friday. Under the contract, the two companies will produce, assemble and test Technical Insertion 2016 spare equipment, perform technical [&hel[...]
Rose & Womble president/CEO to retire in June 2021
Virginia Beach-based real estate company Rose & Womble Realty Co. announced last week that its president and CEO, Art Zachary, will retire in June 2021. Zachary started with the company in June 1970. It became Rose & Womble in June 1998. He will continue to serve as chairman of the board and work with the […]
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 […]
