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Mary Baldwin receives $1M gift to endow building
Mary Baldwin University has received a $1 million gift from the Robert Haywood Morrison Foundation to endow the building that houses the university’s Program for the Exceptionally Gifted for girls age 13 and older seeking college degrees, MBU announced Wednesday. The building will be named in honor of President Emerita Cynthia Haldenby Tyson at a […]
Caliburn International will separate into two companies
Calling it a “natural progression,” Reston-based professional services company Caliburn International announced Wednesday that it will split into two companies to focus on different capabilities. The federal contractor, which has about 8,500 employees, says it expects to complete the separation by Sept. 30. It also announced shifts in leadership to oversee the new companies, Acuity […]
Reston-based SAIC lands $4.4B in defense contracts
On the heels of an $830 million U.S. Army contract won in February, Reston-based Science Applications International Corp. (SAIC) has landed two more Army contracts worth a combined $4.4 billion, it announced today. The Fortune 500 defense contractor says both contracts will provide systems engineering services to support the U.S. Army Combat Capabilities Development Command, […]
Genworth kills long-delayed $2.7B acquisition
Henrico County-based Fortune 500 insurer Genworth Financial Inc. announced Tuesday that it has formally terminated its long-delayed $2.7 billion acquisition by China-based Oceanwide Holdings Group Co. Ltd. The news follows a Jan. 5 announcement by Genworth that it was putting a hold on the deal, first announced in 2016. At the same time, the company […]
Lynchburg’s BWXT wins $690M contract extension
The U.S. Department of Energy has awarded a contract extension to Lynchburg-based nuclear components and fuel supplier BWX Technologies Inc. (BWXT) worth up to $690 million, the company announced today. BWXT has worked with Irving, Texas-based engineering and construction firm Fluor Corp. on the project, an effort to decontaminate and decommission the former Portsmouth Gaseous […]
Carvana proceeds with $25M Chesterfield facility
After putting its plans in neutral, online used car retailer Carvana announced Tuesday that it plans to break ground this quarter on a $25 million, 191,000-square-foot vehicle inspection and reconditioning facility in Chesterfield County. The project could bring more than 400 jobs to the county, economic development officials sa[...]
VEC to reinstate weekly work search requirement soon
All Virginia recipients of unemployment insurance will have to apply for two jobs a week soon to continue receiving benefits, Virginia Employment Commission announced Tuesday. Although the exact timeline was not provided, the VEC will begin notifying residents in May, it said. According to the news release, VEC has received more than 1.5 million claims […]
The Brink’s Co. purchases largest private ATM services provider for $213M
Henrico County-based The Brink’s Co. has purchased PAI Inc., the largest privately held ATM services provider in the nation, for $213 million, the company announced Tuesday. The closing date was April 1, and the acquisition was financed using available cash and Brink’s existing credit facility, according to a news release. Brink’s, which offers secure cash […]
Va. restaurant, hospitality industry seeks $270M+ in relief funding
Hard hit by the pandemic, Virginia’s restaurant and hospitality industry is asking the General Assembly to dedicate more than $270 million from the state’s share of federal American Rescue Plan dollars to assist hotels, restaurants and other hospitality-related industries. In a letter sent Tuesday to members of the state legislature’s money committees, the Virginia Restaurant, […][...]
Teresa Carlson leaves Amazon Web Services
Teresa Carlson, the Herndon-based executive who founded Amazon Web Services’ public sector business, is leaving Amazon.com Inc.’s cloud computing subsidiary to become president and chief growth officer of Splunk Inc., the San Francisco tech company announced today. Carlson was an influential and visible presence in t[...]
Chantilly IT firm acquired by N.C. company
A year shy of its 30th anniversary, Chantilly-based IT services provider SolutionWorx has been acquired by WingSwept, a B2B tech services company based in Garner, North Carolina, the companies announced. The deal, which became effective March 31, will allow the managed IT service providers to grow, and provide SolutionWorx with the resources of a larger […]
COVID roundup: Parts of Va. open vaccinations to all over age 16
As of Monday, parts of Virginia have entered the second phase of COVID-19 vaccination — allowing all Virginians age 16 and older to receive shots, according to the Virginia Department of Health. The entire state is set to enter phase 2 by April 18, Gov. Ralph Northam announced last week. The following counties are in […[...]
