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 testing. Contract work will be performed in Newport News.
“We are proud to have been awarded this mission-critical Navy contract and follow a great legacy of performance with next-generation modernized equipment to serve our Navy partner,” Scott Beale, Aery Aviation vice president, said in a statement.
The goal of the contract is to upgrade the Navy’s CAS HEEWJ fleet with newer equipment and capabilities in place of legacy equipment. The aircraft are used to simulate airborne threats to train and test shipboard and aircraft squadron weapon systems, operators and aircrew.
Founded in 2016, Aery Aviation provides aerospace design, engineering, systems integration, modifications, certification, maintenance and flight operations services.
An apartment complex in Richmond‘s Manchester neighborhood sold for $11.4 million, CBRE announced Tuesday.
The 70-unit, 61,614-square-foot apartment complex is located at 815 Perry St. Glen Allen-based real estate investment group Capital Square 1031, which originally purchased the property in 2015, sold it to Washington, D.C.-based Fulton Street Partners LLC. The property was 96% occupied at the time of the sale, according to CBRE.
“Capital Square was able to enhance the value of the property through unit renovations which, coupled with the strength of the Richmond market, allowed them to achieve a great result for their investors,” CBRE Vice President Calvin Griffith said in a statement. “Perry Place was a perfect match for Fulton Street, who was drawn to the building’s historic character and premier location. Fulton Street plans further upgrades to unit interiors and amenities.”
Calvin Griffith, Peyton Cox, Jonathan Greenberg, Robert Dean, Yalda Ghamarian Howell and Thomas Leachman of CBRE represented the seller in the transaction. CBRE’s debt and structured finance team, led by David Webb and Maxi Leachman, arranged financing for the buyer. The sale officially closed on Nov. 3.
Located at 12724 Oak Lake Court, the 13,000-square-foot building sits on 1 acre. GMWTG Chesterfield LLC purchased the building from JBW Warehouses LLC for storage use.
The property was most recently assessed at $802,300 in January, according to Chesterfield County property records. The one-story building, which was constructed in 2001, has 15-foot ceilings, according to property records.
Gregg W. Beck of Cushman & Wakefield | Thalhimer represented the seller in the transaction.
Chairman: Steven C. Arner, Carilion Clinic executive vice president and chief operating officer
Vice chairman: Peter M. Mulkey, Clinch Valley Health CEO
Secretary-treasurer: Tim McManus, HCA Healthcare Capital Division president
VHHA is an alliance of 110 hospitals and 26 health delivery systems in Virginia. During the pandemic, Virginia has had more than 194,000 COVID-19 cases, with Virginia hospitals treating more than 21,000 patients. VHHA and its members have worked to address access, staffing, telehealth, medical surge, capacity and resource issues.
“In a time of significant societal upheaval during a global pandemic, Virginia’s hospital collaborated with each other, with our partners in state government, and with many other stakeholders to respond to this unprecedented public health crisis,” Arner said in a statement. “Our shared work as we rose to this challenge and protected public health is a testament to the strong leadership of our outgoing chairman, Dr. Mike McDermott of Mary Washington Healthcare, as well as the dedicated effort of hospital team members across the commonwealth.”
Although the new VHHA boards are typically announced in the spring, the appointments were announced in an online meeting this year due to the pandemic.
In 1996, Arner started his career with Carilion as a financial analyst and over the years has held positions including budget manager, human resources and analytics director, hospital administrator at Carilion Stonewall Jackson Hospital and and senior vice president of cardiothoracic and vascular services, surgical services, environmental services and engineering and maintenance. He also serves on the boards of the Roanoke Regional Chamber of Commerce and Feeding America Southwest Virginia.
Mulkey started his career with Clinch Valley as a clinical pharmacist and later became director of pharmacy and a clinical instructor in the Medical College of Virginia’s Department of Pharmacy and Pharmaceutics. He has also served as Clinch Valley’s assistant administrator and COO.
With more than 25 years in health care leadership positions, McManus previously served as CEO of Chippenham and Johnston-Willis Hospitals and CEO of HCA Healthcare Northern Virginia and Reston Hospital Center.
“Many challenges lie ahead. I am honored and humbled that my colleagues have entrusted me with this great responsibility,” Arner said in a statement. “We will continue the important work of combatting COVID-19 and enhancing health care delivery to meet the needs of patients in our ongoing quest to make Virginia the healthiest state in the nation.”
A subsidiary of Lynchburg-based nuclear fuel supplier BWX Technologies Inc. (BWXT) announced Tuesday it has completed the TRISO (tristructural isotropic particle fuel) nuclear fuel line restart project for the U.S. Department of Energy (DOE) and is producing the fuel at its Lynchburg facility.
In June, DOE’s Idaho National Laboratory awarded BWXT Nuclear Operations Group Inc. a contract to expand its manufacturing capacity of TRISO, a uranium fuel used in nuclear reactors. BWXT is in the process of hiring 25 additional workers for its TRISO operations.
“The restart of our TRISO line positions BWXT as the only company in the U.S. that is currently executing production contracts for TRISO fuel,” BWXT Nuclear Operations Group President Joel Duling said in a statement. “I’m very proud of our team for blending new, innovative ideas with our extensive history and experience in fuel development and manufacturing.”
BWXT manufactures fuel across four commercial and government business lines, including BWXT Nuclear Operations Group. BWXT Nuclear Energy Canada manufactures approximately half of the fuel powering the commercial reactor fleet in Ontario; BWXT subsidiary Nuclear Fuel Services Inc. is the sole nuclear fuel provider for the U.S. Navy; and BWXT’s Uranium Processing and Research Reactors operation is the only North American supplier of research reactor fuel elements for colleges, universities and national laboratories.
The company employs approximately 6,600 people across 12 major operating sites in the U.S. and Canada. BXWT also provides management and operations at the U.S. Department of Energy and the National Aeronautics and Space Administration (NASA).
Arlington-based aerospace and defensecontractor Raytheon Intelligence & Space announced Tuesday it has signed a definitive agreement to acquire Lafayette, Colorado-based Blue Canyon Technologies, a provider of small satellites and spacecraft systems components.
Financial terms of the deal were not disclosed.
Founded in 2008, Blue Canyon Technologies currently has more than 90 satellites in production and has supported U.S. Air Force, NASA and Defense Advanced Research Projects Agency missions. The company employs more than 200 people.
“The space market is rapidly expanding and our customers need comprehensive solutions faster than ever before,” Raytheon Intelligence & Space President Roy Azevedo said in a statement. “What makes Blue Canyon Technologies the right fit for our business is its agile, innovative culture and expertise in small satellite systems and technologies. … This acquisition enables us to deliver a broader range of solutions to support our customers’ space missions – from sensing subsystems to mission systems integration and from launch and range support to on-orbit operations.”
Raytheon Intelligence & Space employs more than 39,000 people and in 2019 reported sales of $15 billion. It develops sensors, training, software and cyber solutions for civil, military and commercial customers.
It is one of four business segments of Waltham, Massachusetts-based aerospace and defense manufacturer Raytheon Technologies Corp., which was formed in 2020 through the merger of the Raytheon Co. and United Technologies Corp. and employs 195,000 people. The parent company reported 2020 revenue of $97.75 billion.
Albany, New York-based tech government contractor GCOM announced Monday it has acquired Ashburn-based managed services provider 20/20 Teknology.
Financial terms of the deal were not disclosed.
20/20 Teknology specializes in virtual communications, IT infrastructure and managed services, while GCOM provides digital engagement systems and government IT programs. The acquisition will expand GCOM’s offerings for its government clients.
“As a leading provider of unified communications, IT infrastructure and managed services, 20/20 Teknology brings to GCOM lessons learned from the private sector and the depth of expertise to facilitate government digital transformation,” Kevin Scully, 20/20 Teknology managing director, said in a statement.
20/20 Teknology will keep its operations in Ashburn despite the acquisition. GCOM is a portfolio company of New York City-based private equity firm Sagewind Capital.
Boca Raton, Florida-based private equity firm AE Industrial Partners LP announced late last week it had acquired Alexandria-based software company Linkware LLC and security and travel consulting firm Pangiam.
Financial terms of the acquisitions were not disclosed.
AEI will combine Linkware with Pangiam to form a travel solutions technology platform. The combined entity will operate as Pangiam in the commercial space, while the company will use Linkware brand for its digital services to government customers.
“Combining Linkware with Pangiam will create a compelling travel and security solutions technology platform with unlimited potential,” Pangiam CEO Kevin McAleenan said in a statement. “The combination of our businesses will enable us to offer comprehensive solutions to aviation and security agency stakeholders.”
Founded in 2011, Linkware provides custom software and consulting services to federal government organizations. It was co-founded by Leo Fthenos, Bobby Paraskevopoulos, Howard Stone and Vasilios Tzeremes, all of whom will continue to serve as managing directors of the company.
“We share Pangiam’s vision to push the boundaries of innovation in the travel and security ecosystem to enable greater opportunities for more secure and seamless travel,” Fthenos said in a statement. “With strong support from Pangiam and AEI, we look forward to accelerating our efforts and delivering new capabilities to the market.”
Silicon Valley-based customer relationship management developer SugarCRM announced late last week it had acquired New Jersey-based W-Systems, a division of McLean-based Gannett Co. Inc.’s UpCurve, which it acquired in 2019.
Financial terms of the deal were not disclosed.
Under the acquisition, SugarCRM will expand its implementation services for its artificial intelligence-powered sales, marketing and service software.
“Speed and expertise are critical factors for companies looking to compete on CX,” Brent Leary, founder and principal analyst at CRM Essentials, said in a statement. “SugarCRM’s acquisition of W-Systems, a firm with long and deep commitment to serving the Sugar customer community, addresses a growing need for mid-market companies who want a trusted advisor that can help them navigate and succeed in their adoption of next generation CRM and marketing automation environments.”
W-Systems has also developed add-ons including document management, calendar enhancements, common mapping, file storage and messaging services. The company’s sales, customer success and development teams will join SugarCRM’s North American operation as a result of the acquisition.
“As a dedicated partner of more than a decade, W-Systems shares the same values as Sugar to help our customers create their own customers for life,” Christian Wettre, President of W- Systems, said in a statement. “Our team is excited to take our deep CRM integration and deployment expertise and put it to work for the broader Sugar customer base to help them achieve better business outcomes faster.”
Gannett, the nation’s largest newspaper publisher, announced in early April that it was negotiating with its vendors, creditors and pension regulators in order to preserve the company’s liquidity. It was noticeably not on the Fortune 1000 list released in mid-May.
The company also announced mass layoffs, furlough and pay cuts in late March due to the COVID-19 pandemic. The owner of USA Today, Gannett has a portfolio of 261 local daily newspapers in 46 states and Guam, including the Arizona Republic, the Des Moines Register and the Burlington Free Press.
Music streaming giant Spotify Technology SA will acquire Arlington-based media and education conglomerate Graham Holdings Co.‘s podcast technology company Megaphone for $235 million, the company announced Tuesday.
Megaphone provides hosting and ad-insertion capabilities for publishers and targeted ad sales for brand partners, according to Graham Holdings Co., the family company of the late Katharine Graham, who was the publisher and owner of The Washington Post. Its current holdings include online magazine Slate, digital marketing company SocialCode LLC, a group of seven television stations and higher education company Kaplan Inc. The company also holds Graham Media Group, which was formerly the Post-Newsweek Stations.
“Spotify will be a great home for Megaphone,” Graham Holdings Co. President and CEO Timothy J. O’Shaughnessy said in a statement. “I am proud of the Megaphone team and what they have built, and we look forward to their continued success.”
Launched in 2008, Stockholm, Sweden-based Spotify reported $7.44 billion in 2019 revenue. The web and mobile app allows users to livestream and listen to music, podcasts and other media through a monthly subscription model.
The acquisition is subject to regulatory approval and other closing conditions. Allen & Co. LLC assisted in the sale process.
We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. By clicking “Accept All”, you consent to the use of ALL the cookies. However, you may visit "Cookie Settings" to provide a controlled consent.
This website uses cookies to improve your experience while you navigate through the website. Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may affect your browsing experience.
Necessary cookies are absolutely essential for the website to function properly. These cookies ensure basic functionalities and security features of the website, anonymously.
Cookie
Duration
Description
cookielawinfo-checkbox-analytics
11 months
This cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Analytics".
cookielawinfo-checkbox-functional
11 months
The cookie is set by GDPR cookie consent to record the user consent for the cookies in the category "Functional".
cookielawinfo-checkbox-necessary
11 months
This cookie is set by GDPR Cookie Consent plugin. The cookies is used to store the user consent for the cookies in the category "Necessary".
cookielawinfo-checkbox-others
11 months
This cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Other.
cookielawinfo-checkbox-performance
11 months
This cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Performance".
viewed_cookie_policy
11 months
The cookie is set by the GDPR Cookie Consent plugin and is used to store whether or not user has consented to the use of cookies. It does not store any personal data.
viewed_cookie_policy
11 months
The cookie is set by the GDPR Cookie Consent plugin and is used to store whether or not user has consented to the use of cookies. It does not store any personal data.
Functional cookies help to perform certain functionalities like sharing the content of the website on social media platforms, collect feedbacks, and other third-party features.
Performance cookies are used to understand and analyze the key performance indexes of the website which helps in delivering a better user experience for the visitors.
Analytical cookies are used to understand how visitors interact with the website. These cookies help provide information on metrics the number of visitors, bounce rate, traffic source, etc.
Advertisement cookies are used to provide visitors with relevant ads and marketing campaigns. These cookies track visitors across websites and collect information to provide customized ads.
Sign In
Free Newsletter
