HII division lands $6.7B Air Force contract
The U.S. Air Force has awarded Huntington Ingalls Industries’ McLean-based Mission Technologies division a $6.7 billion contract to provide electronic warfare engineering and technical services support, according to a Thursday announcement from the defense contractor. The indefinite-delivery, indefinite-quantity contract is [...]
Navy awards Raytheon potential $903.9M contract
The Navy has awarded Raytheon, a subsidiary of Arlington County Fortune 500 aerospace and defense contractor RTX, a contract worth up to $903.9 million, if all options are exercised, to provide support for a sensor system, the U.S. Department of Defense announced Monday. The initial $34 million firm-fixed-price, cost-plus-fixe[...]
Virginia mail service improves; second Trump push to privatize USPS ‘unlikely’
U.S. Postal Service operations have continued to improve, but a bipartisan coalition of state leaders say more work is needed to get the service to a level Virginians deserve. Virginia was ranked at the bottom for on-time mail delivery in October 2023, at the start of the federal government’s fiscal year. Just over 66% of [&he[...]
Ex-Richmond Fed examiner pleads guilty to insider trading
A former Federal Reserve Bank of Richmond examiner on Tuesday pleaded guilty to committing insider trading and making false statements about his trading to the Richmond Fed. Robert Brian Thompson, 43, of Chesterfield County’s Moseley area, was an examiner and senior manager with supervisory duties for the Richmond Fed, wh[...]
Smithfield Foods to pay $2M to settle child labor claims
A subsidiary of Virginia-based Smithfield Foods has agreed to pay $2 million to settle allegations it hired children to work at a meat packaging plant in Minnesota. According to the Minnesota Department of Labor and Industry, Smithfield’s operation in Minnesota allegedly employed at least 11 children between the ages of 14[...]
Va. appoints new DRPT director
Tiffany Robinson is the Virginia Department of Rail and Public Transportation’s new director, Gov. Glenn Youngkin announced Friday. Robinson succeeds Zach Trogdon, who has served as acting director since Jennifer DeBruhl retired July 1. Robinson has almost 15 years of experience in state and local government, according to [...]
Va. will hold 2 special elections to fill empty state Senate seats
Updated Nov. 10 Two Virginia State Senate seats are now open, with the election of state Sens. John McGuire, R-Goochland, and Suhas Subramanyam, D-Loudoun, to the U.S. House of Representatives this week, so the state will hold special elections to fill those seats in districts 10 and 32 ahead of the Virginia General AssemblyR[...]
If Trump cuts federal workforce, Warner predicts ‘disaster’ for Va.
U.S. Sen. Mark Warner said Thursday he hopes President-elect Donald Trump won’t pursue massive cuts and relocations in the federal workforce — because if he does, it would be a “disaster for Virginia’s economy,” particularly in Northern Virginia and Hampton Roads. “We would get hit worse than any [...]
Virginians wager $622M on sports in September
Virginians bet $622 million on sports in September, up 19.6% from September 2023, according to Virginia Lottery data released Friday. Virginia bettors won $550.5 million in September. About $618.3 million of September’s gross sports gaming revenues came from mobile operators, and the remaining $3.7 million came from casino ret[...]
GD subsidiary in Norfolk wins potential $123.3M contract
General Dynamics NASSCO, a Norfolk subsidiary of Reston aerospace and defense giant General Dynamics, was awarded a U.S. Navy contract worth up to $123.3 million last week for maintenance, modernization and repair of the USS Porter destroyer during fiscal 2025. The base amount of the firm fixed price contract to General Dynam[...]
Va. casinos report $56.56M in September revenue
Gaming revenues for Virginia’s three casinos totaled $56.56 million in September, according to data the Virginia Lottery released Tuesday. Last month, the Bristol Casino: Future Home of Hard Rock reported about $14.09 million in adjusted gaming revenues (wagers minus winnings), of which about $11.68 million came from its 905 s[...]
Siemens Energy agrees to pay $104M over Dominion bidding scheme
Siemens Energy pleaded guilty and agreed to pay $104 million this week to settle a federal criminal investigation into stealing trade secrets in order to undercut competitors’ bids in 2019 to build a Dominion Energy gas turbine “peaker” power plant in the Richmond metropolitan area. The settlement comes after t[...]