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W.Va.-based United Bankshares to acquire Essex Bank for $303M
Henrico County-based Community Bankers Trust Corp., the parent company of Essex Bank, has entered into a $303.3 million deal to be acquired by Charleston, West Virginia-based United Bankshares Inc., United Bank’s parent. After the companies announced the agreement Thursday, Community Bankers Trust’s stock rose 29.78% as of mid-afternoon to $11.94 per share and United Bankshares’ […][...]
Booz Allen Hamilton wins $674M DOD contract
McLean-based Fortune 500 global management consulting company Booz Allen Hamilton Inc. was awarded a five-year, $674 million contract from the General Services Administration to maintain and support the growth of the Department of Defense’s Advana data analytics platform. “In response to increasingly advanced threats from global adversaries, the Department of Defense has placed a clear […][...]
Global manufacturer to move U.S. HQ to Danville/Pittsylvania area
Walraven Inc. will invest $7.15 million to relocate its U.S. headquarters and manufacturing operation from Cadillac, Michigan, to the Danville-Pittsylvania County area, creating 46 jobs, Virginia Gov. Ralph Northam announced Thursday. A manufacturer of installation systems such as pipe hangers and in-wall solutions for plumbing and mechanical applications, Walraven will move into the Cane Creek […][...]
Va. unemployment claims continue to decline
Virginia’s number of new and continued unemployment claims dropped again last week, with 8,090 initial claims filed during the week ending May 29, a decrease of 1,753 claims from the previous week, the Virginia Employment Commission reported Thursday. Continued claims totaled 52,228 last week, down 1,935 claims from the pr[...]
Loudoun’s JK Land Holdings purchases 270 acres for data centers
The founder and CEO of Sterling-based JK Moving Services has purchased 270 acres in Loudoun and Prince William counties to be used for data centers that will provide 500 megawatts of IT capacity. Chuck Kuhn, CEO of JK Land Holdings LLC and JK Moving Services, has partnered with Dutch data center developer and operator Yondr […]
IDEMIA taps CEO for North American identity and security biz
French global tech company IDEMIA, which has its U.S. headquarters in Reston, announced Wednesday it has named Donnie Scott the new CEO for its North American identity and security business. Scott, a 20-year veteran of the public security and IT solutions industry, was promoted from his current position as senior vice president [...]
Youngkin leads Va. campaign fundraising, but most is from his own wallet
Republican gubernatorial nominee Glenn Youngkin raised $8.3 million over April and May, the highest amount in Virginia’s gubernatorial field, according to campaign finance reports issued Wednesday. However, $6.5 million was from his own bank account, in personal loans made to his campaign over the past six weeks. Former Go[...]
Sentara, Cone Health call off merger
Sentara Healthcare and Greensboro, North Carolina-based Cone Health have abandoned plans for a merger first announced in August 2020, according to a joint statement released Wednesday from the two health care systems. The Sentara Healthcare Board of Directors and the Cone Health Board of Trustees came to the mutual agreement to [...]
Accenture Federal Services to acquire Novetta
Arlington-based Accenture Federal Services (AFS) has entered into an agreement to acquire Novetta, a McLean-based federal contractor specializing in advanced analytics, machine learning, cyber services and cloud engineering. Terms of the transaction, which is subject to regulatory review, were not disclosed in the announcement released Tuesday by AFS. With 1,300 employees, Novetta is a subsidiary of […][...]
Leidos’ Dynetics scores $90M NASA contract
Dynetics Inc., a wholly owned subsidiary of Reston-based Fortune 500 government contractor Leidos Holdings Inc., has received a potential $90 million contract from NASA to produce a laser air monitoring system (LAMS) for the agency’s Orion spacecraft, beginning with the Artemis III mission, which plans to return astronauts to the lunar surface for the first […]
Dominion vessel to assist in building Northeastern offshore wind farms
Dominion Energy Inc. has reached an agreement with two companies to charter its offshore wind turbine installation vessel to assist with construction of two offshore wind farms in the Northeastern U.S. The partnership with Ørsted and Eversource was announced Tuesday and comes six months after Dominion announced construction had[...]
Sentara expands Healthier Communities Fund by $40M
Sentara Healthcare is allocating $40 million to expand its Healthier Communities Fund across Virginia and northeast North Carolina, with an aim to address health disparities that have been magnified by the impact of COVID-19 among underserved populations. Today’s announcement follows an initial $10 million the Norfolk-based health care system pledged in January to address health […]
