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Sep 4, 2024

Richmond Flying Squirrels’ new stadium will be CarMax Park

With confetti flying and a DJ playing walk-up music for Richmond‘s mayor and other luminaries, the Richmond Flying Squirrels announced Wednesday that Fortune 500 company CarMax will be naming sponsor for the Squirrels’ new ballpark starting with the 2026 season. The replacement for the Richmond Diamond will be known [...]

Federal Contractors | Technology
Sep 3, 2024

Peraton taps new chairman, president and CEO

Stu Shea, Peraton’s chairman, president and CEO, has stepped down, and Steve Schorer has been named to succeed him at the Reston-based federal contractor owned by Veritas Capital. According to Tuesday’s announcement, Schorer will start Sept. 9. “On behalf of Peraton and Veritas, I’d like to thank Stu for his [...]

Finance | Insurance 2023: JEFF BENTLEY
Sep 3, 2024

VACUL announces intent to merge with regional group

The Virginia Credit Union League has signed a letter of intent to consolidate with the League of Southeastern Credit Unions & Affiliates, the trade organization representing credit unions in Alabama, Florida and Georgia. Virginia credit unions will decide this fall whether to merge VACUL’s associations, foundations and[...]

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Sep 3, 2024

LL Flooring sells Henrico distribution center for $104M

Read more: LL Flooring to sell 219 stores; 211 other stores set to close LL Flooring has sold its eastern Henrico County distribution center to a limited liability company for $104.75 million, according to documents the Henrico-based flooring company filed with the Securities and Exchange Commission on Tuesday. Formerly known as[...]

Virginians bet $182 million on sports in August
Aug 30, 2024

Virginians bet $377.6M on sports in July

Virginians bet $377.6 million on sports in July, up 28.6% from July 2023, according to Virginia Lottery data released Friday. July’s handle was a 9% decrease from the $415 million Virginians bet in June. Virginia bettors won $332.67 million last month and nearly $370 million in June. About $376 million of July’s gros[...]

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Aug 29, 2024

The rate stuff

Three Charlottesville residents allege Sentara inflated local insurance rates to maximize profits.   The health system says it’s being unfairly targeted and was just being a good corporate citizen, stepping up to prevent vulnerable Virginians from losing health care coverage.   After three years, a federal civil [...]

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Aug 29, 2024

Power up

In October 2023, the U.S. Department of Energy’s Grid Deployment Office awarded Dominion Energy a grant of $33.7 million to help make the state’s electrical grid more efficient. The funds, provided through the department’s $3.5 billion Grid Resilience and Innovation Partnerships (GRIP) program, will support inc[...]

Two men wearing blazers stand in front of a plane.
Aug 29, 2024

Electra.aero names new CEO

Electra.aero has named B. Marc Allen its new CEO, succeeding founder John S. Langford, who will remain chairman, the Manassas-based aviation startup announced Thursday. Allen spent the bulk of his career, nearly two decades, at Boeing, which is headquartered in Arlington County. Since 2020, he served as chief strategy officer an[...]

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Aug 28, 2024

North Anna gets federal OK to operate through 2060

The Nuclear Regulatory Commission has approved 20-year extensions for North Anna Power Station’s two nuclear reactors, allowing them to operate through 2058 and 2060, Dominion Energy announced Wednesday. The two reactors in Louisa County were originally licensed to operate for 40 years, beginning in 1978 and 1980, and in 2[...]

A woman wearing a jean shirt smiles.
Aug 28, 2024

Portsmouth business owner pleads guilty to $1.3M Medicaid fraud

The owner of a Portsmouth home health care and mental health care services business with a location in Chesapeake pleaded guilty Monday to charges stemming from illegally receiving more than $1.32 million through Medicaid fraud, the Eastern District of Virginia U.S. Attorney’s Office announced Tuesday.  Whitteney Guyton p[...]

Pituffik Space Base
Aug 28, 2024

Serco wins $323M contract for Space Force base construction

Herndon-based technology and management contractor Serco Inc., a subsidiary of United Kingdom-based Serco PLC, has won a contract worth an estimated $323 million for construction work at the U.S. Space Force’s Pituffik Space Base in Greenland. Under the four-year U.S. Army Corps of Engineers contract, which Serco announced[...]

F-5 Adversary aircraft. Photo from U.S. Navy
Aug 27, 2024

V2X lands up to $747M Navy contract

V2X has received an up to $747 million U.S. Navy contract to maintain F-5 supersonic fighter jets used in military training exercises, the McLean-based Fortune 1000 aerospace and defense contractor announced Monday. Under the single-award, indefinite-delivery, indefinite-quantity contract, V2X will be responsible for providing c[...]

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