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Booz Allen Hamilton hires senior VP to lead AI practice for DOD
McLean-based Fortune 500 global management consulting company Booz Allen Hamilton Inc. has hired Matt Tarascio as a senior vice president in its Strategic Innovation Group, it announced Wednesday. Tarascio will lead the analytics and artificial intelligence business to support the Department of Defense. Tarascio was previously L[...]
Intrepid Solutions acquires defense contractor Darkblade Systems
Herndon-based intelligence contractor Intrepid Solutions and Services LLC has acquired Darkblade Systems Corp., a Winchester-based federal defense contractor, it announced Wednesday. Financial details of the transaction were not disclosed. Intrepid CEO Ryan Hebert said in a statement: “Welcoming Darkblade Systems into the Intr[...]
Centra names new president and CEO
Lynchburg-based health system Centra announced Friday that Amy F. Carrier will be its next president and CEO, effective Sept. 7. The Hampton Roads market president for the Bon Secours Mercy Health system, Carrier will replace interim CEO Richard Tugman, who will resume his post as president of the Piedmont Community Health Plan.[...]
Virginia to spend $700M on universal broadband by 2024
Ahead of the General Assembly’s August special session, Gov. Ralph Northam announced Friday he wants to spend $700 million of Virginia‘s federal relief funding on expanding broadband access to all of Virginia. Virginia received $4.3 billion in federal funds through the $1.9 trillion American Rescue Plan passed in Ma[...]
Virginia unemployment rate improves to 4.3% in June
Virginia’s unemployment rate dropped again in June, landing at 4.3%, 0.2 points below May’s jobless rate, Gov. Ralph Northam announced Friday. In June 2020, the unemployment rate was at 8.8%, 4.5% higher than June 2021. Virginia also continued to trend lower than the nation, which was at 5.9% unemployment last month, and the state had […]
SimpliSafe bringing second facility to Henrico
Home security system manufacturer SimpliSafe will invest more than $3 million to expand its operations in Henrico County, increasing its jobs creation total for the county to more than 800, Gov. Ralph Northam announced Thursday. The company will establish a new customer security monitoring service center at 4840 Cox Road in Glen[...]
Arlington defense contractor wins $105M Army contract
Arlington-based defense contractor Leonardo DRS Inc., a subsidiary of Italian defense contractor Leonardo SpA, has won a $105 million U.S. Army mission command computing systems delivery order contract, it announced Wednesday. The military defense company will complete the delivery order for the Mounted Family of Computer System[...]
Plastics equipment manufacturer to reopen Pulaski facility
Plastics industry equipment manufacturer Xaloy Holdings LLC will move its barrel manufacturing operation from Ohio back to Virginia, reopening its former facility in Pulaski County, Gov. Ralph Northam announced Thursday. Xaloy will invest $1.75 million in its 100,000-square-foot, 30-acre site in Pulaski to produce bimetallic bar[...]
Va. jobless claims continued decline last week
The state’s initial unemployment claims continued to decrease last week, dipping below 6,000 in the filing week ending July 10, the Virginia Employment Commission reported Thursday. Continued claims also decreased last week. For last week, initial claims totaled 5,952, a decrease of 873 claims from the previous week, while[...]
Fed says Fifth District economy growing moderately
[wpdiscuz-feedback id=”z7qx6rb9ba” question=”Why?” opened=”0″]Amid the post-pandemic recovery[/wpdiscuz-feedback], the Federal Reserve’s Fifth District (including Virginia, North Carolina, South Carolina, West Virginia and Maryland) has been seeing moderate economic growth in recent week[...]
Virginia finishes FY21 with record $2.6B surplus
Virginia reached the end of fiscal year 2021 with a $2.6 billion surplus, the largest in the commonwealth’s history, according to a statement released by Virginia Gov. Ralph Northam on Wednesday. Total revenue collections grew 14.5% over fiscal year 2020, ahead of 2.7% growth projections. State collections reached $8.6 bil[...]
Biden will nominate SAIC senior VP as Army under secretary
President Joe Biden announced Tuesday his intent to nominate Gabe Camarillo, a senior vice president at Reston-based Fortune 500 federal contractor Science Applications International Corp., for under secretary of the U.S. Army. Camarillo is SAIC’s senior vice president of its army business unit and previously held other le[...]
