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Not the end of the world
In mid-March, Stephan Cassaday was absorbing Florida sun rays while bicycling near his vacation home when a radio news update on pandemic-related market volatility caused him to pull to the side of the road. Seated on a park bench, Cassaday, chairman and CEO of McLean-based Cassaday & Co. Inc. wealth managers, rang his team [...]
Virginia redistricting committee takes shape
RICHMOND, Va. — More than half a dozen legislators have been named to a bipartisan redistricting commission that seeks to fairly draw congressional and state legislative districts. The commission will be made up of 16 people. Half of them will be legislators and the other half will be Virginia citizens. Virginia legislativ[...]
Two Va. companies land spots on $496M Washington Headquarters Service contract
Arlington-based Washington Headquarters Service awarded two Virginia companies spots on a potential five-year, $496 million contract to support the Office of the Under Secretary of Defense for Research and Engineering, the U.S. Department of Defense announced Thursday. Chantilly-based engineering and tech contractor American Systems Corp. and Alexandria-based Modern Technology Solutions Inc. (along with Albuquerque, New […][...]
Chesapeake Family Dollar property sells for $1.78M
A Family Dollar store property in Chesapeake sold for $1.78 million, Cushman & Wakefield | Thalhimer’s Capital Markets Group announced Monday. Located at 3736 Ahoy Drive, the 8,320-square-foot retail property was net leased to Family Dollar. TRC Chesapeake sold the property, which it bought in July 2019, according to Chesa[...]
Governor orders new restrictions to prevent COVID-19 spread
Virginia Gov. Ralph Northam announced Friday that the state will enforce new restrictions to prevent further spread of COVID-19 starting at 12:01 a.m. on Monday, Nov. 16, including limiting gatherings to 25 people — down from a current cap of 250 people. Also, all people ages 5 and older will be required to wear face […[...]
Raytheon Intelligence & Space to acquire Colo.-based satellite provider
Arlington-based aerospace and defense contractor Raytheon Intelligence & Space announced Tuesday it has signed a definitive agreement to acquire Lafayette, Colorado-based Blue Canyon Technologies, a provider of small satellites and spacecraft systems components. Financial terms of the deal were not disclosed. Founded in 2008, Blue Canyon Technologies currently has more than 90 satellites in production […][...]
Cincinnati consulting firm buys McLean tech contractor
Cincinnati-based engineering, consulting and technical services company Belcan LLC announced late last week it has acquired McLean-based tech contractor Telesis Corp. Financial terms of the acquisition were not disclosed. This marks Belcan’s 15th acquisition under its ownership by AE Industrial Partners LP, a private equity firm that specializes in aerospace, defense and government services, power […][...]
2020 Virginia Business Political Roundtable
On Nov. 4, Virginia Business magazine held our 14th annual Political Roundtable event, sponsored by Cox Communications. Virginia Business Editor Richard Foster moderated a virtual discussion with a panel of five statewide political experts, who debated the latest developments in the November presidential election and what it mea[...]
Neustar to acquire DNS service
Sterling-based identity management company Neustar has agreed to acquire Verisign Public DNS, a free domain name system, from Reston-based Verisign. The DNS is essentially a phone book of the internet, translating domain names into internet protocol addresses, allowing browsers to access internet resources. The acquired service provides security and threat blocking on the internet. The […]
Dominion closes on sale of majority of natural gas assets
Richmond-based Dominion Energy Inc. announced Monday that it has closed on the sale of the majority of its gas transmission and storage assets to Berkshire Hathaway Energy (a Berkshire Hathaway Inc. affiliate) for approximately $2.7 billion in cash and the transfer of approximately $5.3 billion of related indebtedness. In July following the cancelation of the […]
New Port of Virginia chief named
Stephen Edwards, a Los Angeles-based CEO with more than two decades of maritime industry experience, will be the Virginia Port Authority’s new CEO and executive director, the authority’s Board of Commissioners announced Wednesday. Edwards, who will start his new post Jan. 19, replaces retiring CEO and Executive Direc[...]
SW Va. sees COVID increase; governor urges caution
Although Virginia’s overall COVID-19 infection rate is much lower than other states that are currently experiencing spikes, the number of new cases in Southwest Virginia has been steadily increasing over the past two weeks, Gov. Ralph Northam said Wednesday in a COVID-19 update. According to health directors in the region,[...]
