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V2X nabs $100M FBI contract
V2X secured a $100 million, five-year contract to provide aviation maintenance and support services for the FBI’s Critical Incident Response Group, the Reston-headquartered aerospace and defense contractor announced Wednesday. V2X’s role in the contract will be to deliver mission-critical aviation resources, enabling[...]
RTX subsidiary secures $1.5B Air Force contract
Pratt & Whitney, a subsidiary of Arlington County Fortune 500 aerospace and defense contractor RTX, secured a three-year award valued at up to $1.5 billion to sustain F119 engines powering the U.S. Air Force’s F-22 fighter jets. RTX announced the contract award to its aerospace manufacturing subsidiary, headquartered i[...]
Sauer Brands acquired by Boston firm; new CEO named
A Boston private equity company completed its purchase of Richmond-based Sauer Brands, which produces Duke’s Mayo, Sauer spices and other food products, the companies announced Wednesday. With the change in ownership comes a new CEO for Sauer. E. Yuri Hermida, most recently executive vice president and chief growth and str[...]
Hampton University achieves prestigious R2 research status
Hampton University announced last week that it has obtained Research 2 designation — making it one of the few historically Black colleges and universities to do so. The university received the designation from the Carnegie Classification of Institutions of Higher Education, which ranks research institutions based on the volume[...]
ASGN to acquire Chicago employment tech firm for $340M
Fortune 1000 IT and professional staffing services firm ASGN has signed a definitive agreement to acquire Chicago-based employment tech consultancy TopBloc for $340 million, the Henrico County-based company announced Tuesday. The transaction in cash and equity is expected to close in the first quarter of the year, subject to clo[...]
MicroStrategy unveils new name and logo, emphasizing Bitcoin
The Tysons tech company formerly known as MicroStrategy has a new moniker: Strategy. In addition to announcing a new name, the Bitcoin behemoth chaired by Michael Saylor unveiled Wednesday a new logo and a new brand color. “The new logo includes a stylized “B,” signifying the company’s Bitcoin strategy, and its uniqu[...]
Virginia Beach hires economic development director
Virginia Beach has hired a new director of economic development. City Manager Patrick Duhaney appointed Christian Green to the post, and he will join the city Feb. 24, according to a Tuesday announcement. Green follows Charles E. “Chuck” Rigney, who resigned from the job in July 2024. In an August 2024 article in The Virgini[...]
Bassett returns to profitability in Q4, beats expectations
Bassett Furniture reported revenue of $84.3 million in the fourth quarter, an 11% decrease from last year, on Wednesday. However, a positive operating income of $900,000 means the company has returned to profitability after five consecutive quarters in the red. The Henry County home furniture manufacturer and retailer beat expec[...]
