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Huntington Ingalls Industries lands $346M contract to assist U.S. Africa Command
Newport News-based Huntington Ingalls Industries’ Technical Solutions division won a contract with a potential value of $346 million to provide personnel recovery and casualty evacuation services for the Department of Defense’s U.S. Africa Command (USAFRICOM) and partner nations, it announced Monday. The One Acquisit[...]
Clarabridge to be acquired by Utah firm in $1.13B deal
Reston-based software company Clarabridge Inc. is being acquired by Provo, Utah-based data analytics firm Qualtrics International Inc. in a nearly $1.13 billion all-stock deal, the companies announced Thursday. Clarabridge’s platform uses artificial intelligence to provide conversational analytics — it is able to analyze[...]
Telos Corp. acquires Alabama biometric software company
Ashburn-based cybersecurity firm Telos Corp. has acquired Alabama-based biometric software company Diamond Fortress Technologies Inc., Telos announced Monday. Financial terms of the transaction were not disclosed. The acquisition adds patents to Telos’ biometric and digital identity intellectual property. Telos will integrate DFT’s ONYX software into its platform. ONYX is a touchless fingerprinting software that uses [&helli[...]
Virginians bet $235M on sports in June
Virginians bet $234.9 million on sports in June but nearly broke even, making $212.9 million during the fifth full month for legal sports wagers, according to data released Friday by the Virginia Lottery. Virginia sports betting wagers now total more than $1.3 billion since the state legalized sports betting in mid-January. In M[...]
Eight Va. companies graduate from VEDP export program
Eight companies became the latest to graduate from the Virginia Economic Development Partnership’s Virginia Leaders in Export Trade (VALET) program, Gov. Ralph Northam announced Friday. The VALET program helps Virginia companies use international exporting as a growth strategy. During the two-year program, businesses learn international sales plan development services through trainings from international service providers, [&helli[...]
Two Hampton Roads car washes sell for $1.6M
Two Solar Wash Inc. car wash locations in Hampton Roads sold for $1.6 million, S.L. Nusbaum Realty Co. announced Wednesday. Located at 910 W. Washington St., the Suffolk property has five self-service bays, seven vacuum bays and a fully automatic, soft touch station. The Franklin location, found at 1021 Armory Drive, has seven v[...]
Chesterfield EDA eyes mixed-use project at Spring Rock Green
The Chesterfield County Economic Development Authority has proposed purchasing Spring Rock Green — a 42-acre property on the northwest corner of Midlothian Turnpike, near Chippenham Parkway — for $16 million to create a mixed-use development. The property is located between the Stonebridge Shopping Center and The BoulderR[...]
Free space
Six hundred. That’s how many Advance Auto Parts employees are bidding adieu to their desks, cubicles, printers, water coolers and commutes in Roanoke, the city where the company was founded in 1932. The giant auto parts retailer won’t be bringing back employees to its 275,288-square-foot office space at Crossroads Ma[...]
Tech support
In summer 2025, George Mason University is scheduled to open a distinctive, $168 million, 360,500-square-foot glass-and-steel tower on its Virginia Square campus in Arlington. Inside its walls, the university’s commitment to innovation, entrepreneurship and the creation of a tech-savvy workforce will be on full display. In[...]
Turning the corner
When the COVID-19 pandemic hit last year, it felt as if the long-running goal of transforming Tysons from a commuter-driven “edge city” into a vibrant, urban, walkable destination “would be so disrupted,” says Victor Hoskins, president and CEO of the Fairfax County Economic Development Authority. But the increase in soci[...]
Peraton lands $130M DOD contract
Herndon-based national security contractor Peraton Inc. has received a five-year contract worth up to $130 million to assist the Department of Defense with modernizing computer applications to determine benefits eligibility, it announced Thursday. Under the Entitlements and Benefits Application Modernization and Sustainment program, Peraton will help the Defense Manpower Data Center (DMDC) upgrade nearly 100 […][...]
Sonny Merryman taps new president and CEO
Beginning Aug. 9, Caley Edgerly will take the wheel as president and CEO of Lynchburg bus dealer Sonny Merryman Inc., as current CEO Floyd Merryman III moves into his new role as executive chairman of the family business started by his father nearly 55 years ago. Edgerly previously served as president and CEO of North […]
