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Va. new jobless claims declined again last week
Virginia’s new unemployment claims fell for the second week in a row last week, declining by 20%, the Virginia Employment Commission reported Thursday. Continued jobless claims also decreased for the filing week ending Sept. 4, down 2,036 claims from the previous week to total 44,435. Initial claims totaled 6,179, down 1,5[...]
GO Virginia funds two NoVa tech projects
GO Virginia Region 7 is allocating $2.2 million to two projects in Northern Virginia focused on developing the area’s technology industry, the Northern Virginia arm of the state’s GO Virginia economic development initiative announced Wednesday. “The COVID-19 pandemic has drastically increased the demand for high-tech jobs, giving our region a unique opportunity to make workforce […][...]
Truist donates $1M to U.Va. in memory of S. Buford Scott
Truist Wealth has made a $1 million gift to the Walter N. Ridley Scholarship Program and the University of Virginia Alumni Association in honor of the late Richmond business and philanthropic leader Sidney Buford Scott and the brokerage firm founded by his family, Scott & Stringfellow. The gift establishes a fully endowed Bu[...]
Guidehouse to acquire McLean tech company
Tysons-based consulting company Guidehouse announced Wednesday it has entered into a definitive agreement to acquire McLean-based company Dovel Technologies Inc. The sale is expected to close in the fourth quarter of this year. “The acquisition of Dovel is a strategic step in our journey to create the next generation global consultancy, bringing together best-in-class portfolios, […]
Five Va. companies win spots on $556M Navy contract
Five Virginia companies have won spots on an estimated $556 million U.S. Navy multiple-award contract to compete for task orders to provide technical services to the Office of the Chief Naval Operations Information Technology Department Command Information Office. Three Fortune 500 contractors — McLean-based Booz Allen Hamilton Inc., Reston-based CACI International Inc. and Reston-based Science […][...]
Spok reviewing options for potential sale of company
Arlington-based health care communications tech company Spok Holdings Inc. announced Friday that it is conducting a strategic review of its options, which may include selling the publicly traded company. California-based Acacia Research Corp. and its partner, New York-based Starboard Value LP, publicly expressed interest in acquiring Spok and have accumulated more than 5% of Spok’s […]
Vienna defense contractor wins $600M DISA contract
Vienna-based defense contractor Trace Systems Inc. won a contract worth up to $600 million from the Defense Information Systems Agency to support U.S. Air Forces Central Command (USAFCENT), the Department of Defense announced Friday. Under the single-award, indefinite-delivery, indefinite-quantity contract, Trace will acquire, integrate, install, operate and maintain communications systems to support USAFCENT-deployed mission requiremen[...]
Caravati’s building in Richmond sells for $2.03M
The former Caravati’s Inc. building in Richmond sold for $2.03 million, Colliers International in Virginia announced Sept. 2. Located at 104 E. Second St. in the Manchester area, the two-story building has 38,000 square feet. The buyer, 104 E. Second St. LLC, plans to develop the building into 42 apartment units. Construction [...]
Manassas direct mail company to cut ribbon on new headquarters
Prince William County and direct mail production company Planet Direct Mail will hold a ribbon-cutting ceremony Wednesday afternoon Planet Direct’s new headquarters in Manassas. The county announced the company’s expansion into its new 115,000-square-foot headquarters, located at 11050 Challenger Court in Innovation Park, on Aug. 25. The expansion retained 130 jobs and is estimated to […][...]
Alexandria firm secures $164M Air Force contract
Alexandria-based national security contractor DCS Corp. has won a $164 million contract to support the U.S. Air Force Life Cycle Management Center’s Fighters and Advanced Aircraft Directorate (AFLCMC/WA) and Bombers Directorate (AFLCMC/WB). “DCS is proud to support the United States Air Force global power through this significant award,” said Larry Egbert, DCS executive vice president […][...]
GTT Communications to file for Chapter 11 bankruptcy
McLean-based telecommunications company GTT Communications Inc. is planning to file a prepackaged chapter 11 case after it closes the previously announced sale of its infrastructure division to Miami-based I Squared Capital, it announced Thursday. After the completion of the $2.15 billion sale, GTT and some subsidiaries will file their cases in the U.S. Bankruptcy Court […]
FTC fines Capital One CEO for failing to file stock transaction
The Federal Trade Commission fined McLean-based Capital One Financial Corp. CEO Richard Fairbank a $637,950 civil penalty for violating antitrust laws in finalizing stock acquisitions, the FTC announced Thursday. The settlement must be approved by the U.S. District Court for the District of Columbia. The FTC alleged that Fairban[...]
