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Acoustical Sheetmetal Co. to invest $46M in Virginia Beach expansion
Virginia Beach-based Acoustical Sheetmetal Co. will invest $45.8 million to expand its operations and create 350 jobs.
Hooker restructuring targets $25M savings by FY27
Hooker Furnishings launches restructuring to cut $25M in fixed costs by FY27, closing warehouses and expanding overseas operations for savings.
Fed’s Fifth District expands slightly amid uncertainty
The Fifth District economy saw mild growth, with mixed hiring, rising import costs, and steady consumer spending despite economic uncertainty.
RTX subsidiary wins $1.1B Navy contract modification
Raytheon has received a $1.1 billion contract modification from the U.S. Navy to manufacture additional AIM-9X missiles.
Tysons AI startup raises $10M in seed funding
Tysons startup pWin.ai, which developed an AI proposal writing tool, has raised $10 million in a seed funding round.
Virginians wager $609M on sports in April
Virginians bet more than $609.71 million on sports in April, 8.2% more than they bet in April 2024, according to Virginia Lottery data.
Doma Technologies, 2 other bizs merge to form health tech contractor
Doma Technologies, Livanta and Advanta Government Services have merged and rebranded as Commence, a health care tech contractor based in Virginia Beach.
Wisconsin co. breaks ground on $26M Portsmouth export facility
The DeLong Co. on Thursday broke ground on a $26 million agricultural export facility in Portsmouth that will prepare whole grains for shipment.
Antitrust lawsuit against General Dynamics, HII revived in appeals court
Two former naval engineers who claimed that General Dynamics, Huntington Ingalls Industries and more than a dozen other government contractors and shipbuilders illegally agreed to not poach each other's employees will receive a rehearing, a federal appeals court panel ruled this month.
Fusion power plant seeks zoning permit in Chesterfield
Commonwealth Fusion Solutions has filed an application with Chesterfield County for a permit to build its proposed 400-megawatt fusion power plant in the county, which would be the world’s first grid-scale commercial fusion power plant.
Serco completes $327M acquisition of NG division
Herndon tech and management contractor Serco announced Tuesday that it has completed its $327 million acquisition of Northrop Grumman’s mission training and satellite ground network communications software business, also known as MT&S.
Iridium to invest $13M to relocate Tysons HQ, add 117 jobs
Tysons-based global satellite communications company Iridium Communications will invest more than $13 million to expand its headquarters in Fairfax County and create 117 jobs, Gov. Glenn Youngkin announced Tuesday.
