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Arlington-based Higher Logic acquires Montreal’s Vanilla
Arlington-based tech company Higher Logic has acquired Canadian cloud-based community software company Vanilla. Vanilla was owned by New York-based growth equity investment firm Level Equity. Financial details of the acquisition were not disclosed. Founded in 2007, Higher Logic offers a community engagement software platform aimed at associations and the corporate B2B market. With the acquisition […][...]
Seeking growth, GPM enters into agreement with Chicago real estate firm
Richmond-based GPM Investments LLC, the nation’s seventh-largest convenience store chain, announced Tuesday that it has entered into a one-year agreement with Chicago-based Oak Street Real Estate Capital, which is committing up to $1 billion to purchase and lease to GPM real estate parcels associated with GPM’s acquisitions of convenience store chains and fueling stations. A […]
Booz Allen Hamilton acquires Herndon IT company for $725M
McLean-based Fortune 500 global management consulting company Booz Allen Hamilton Inc. announced Tuesday that it has entered into a definitive agreement to acquire Herndon-based Liberty IT Solutions LLC for $725 million. In a statement, Booz Allen President and CEO Horacio Rozanski said, “This acquisition supports our long-term strategy to drive continued growth by investing in innovative […][...]
Dominion’s Surry nuclear plant’s lifespan extended to 2052-53
Dominion Energy Inc.’s two Surry County nuclear power reactors have received approval from the Nuclear Regulatory Commission to operate until 2052 and 2053. The two nuclear reactors at Dominion’s Surry Power Station, which are capable of generating enough power for 419,000 homes, received a 20-year extension from its previous license, which allowed the plants to […]
AES to provide carbon-free power for Google’s Loudoun data centers
As part of Google LLC’s ambitious “moonshot” to produce all of its energy from carbon-free sources, Arlington-based The AES Corp. announced Tuesday that it has signed a 10-year agreement to provide carbon-free power for Google’s data centers in Loudoun County. A Fortune 500 international electrical utility, AES will provide 90% of the Google data centers’ […]
Boeing makes record $50M gift to Va. Tech Innovation Campus
Aerospace and defense contractor Boeing made a record $50 million, multiyear commitment to foster diversity at the Virginia Tech Innovation Campus under development in Alexandria, Virginia Tech announced Tuesday. The largest corporate donation ever made to Virginia Tech, the commitment from Chicago-based Boeing also ties the lar[...]
SCC approves nine solar farms to provide power for Dominion
On April 30, the Virginia State Corporation Commission approved nine major solar farms, which have the potential to generate nearly 500 megawatts and power 125,000 homes for Virginia customers of Richmond-based Fortune 500 utility Dominion Energy Inc. “This is another major step forward in building a clean energy economy in Virginia,” said Ed Baine, president of Dominion […]
Raytheon Intelligence & Space receives $318M TSA contract
Arlington-based Raytheon Intelligence & Space will expand its deployment of checked baggage screening equipment to all federally managed airports nationwide under a five-year, $318 million contract with the Transportation Security Administration. A subsidiary of Massachusetts-based Raytheon Technologies Corp., Raytheon Intelligence & Space previously had a contract to install and/or upgrade checked baggage screening equipment i[...]
Reston-based Maximus gets $951M contract for national COVID hotline
Reston-based government services company Maximus has received a potential $951 million contract to support the Centers for Disease Control and Prevention’s COVID-19 national surge support and vaccine assistance hotline. In the early months of the pandemic, Maximus staffed a 500-person CDC call center to respond to call and emails from health care providers and the […]
Northrop Grumman receives $959M defense contract
Falls Church-based aerospace and defense contractor Northrop Grumman Corp. was awarded a $959.1 million contract Friday from the U.S. Army for production of infrared countermeasures, which protect aircraft from heat-seeking missiles. The work is to be completed by April 29, 2026. The contract comes on the heels of a $2.3 billion defense contract Northrop Grumman […]
Noblis acquires McKean Defense
Reston-based not-for-profit federal contractor Noblis announced Monday that it has acquired Philadelphia-based McKean Defense and its affiliates, Mikros Systems and Cabrillo Technologies. The amount of the acquisition was not disclosed. Formerly an employee-owned defense contractor specializing in surface ship readiness for the U.S. Navy, McKean Defense is now a wholly owned subsidiary of Noblis. Glenn […][...]
Aditxt to produce 300 jobs in Richmond
A biotech company is setting up shop in Richmond and is expected to produce 300 jobs, Gov. Ralph Northam announced Monday. California-based Aditx Therapeutics Inc. (Aditxt) has pledged to invest $31.5 million over the next three years in its first AditxtScore Center, a facility that will monitor patients’ immune systems. The company plans to open […]
