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Industries

Oct 6, 2020

Richmond extends deadline for small business, nonprofit relief program

The city of Richmond has extended the deadline for its Richmond Recovers Grant Program, giving small businesses and nonprofits until Oct. 19 to apply for grants ranging from $10,000 to $15,000, Richmond Mayor Levar Stoney’s office announced Tuesday. The city allocated $3 million of its federal CARES Act funding to the program, which has $1.68 […]

Oct 6, 2020

Reston-based defense contractors win spots on $800M Army contract

Three Reston-based companies won spots on a potential three-year, $800 million U.S. Army contract to support the branch’s Information Systems Engineering Command (USAISEC), the Department of Defense announced Monday. Fortune 100 defense contractor General Dynamics Corp., NCI Information Systems Inc. and Fortune 500 defense contractor Science Applications International Corp. (SAIC) will compete for orders under […][...]

Oct 6, 2020

McLean defense contractor wins $71M Air Force space task order

The U.S. Air Force awarded McLean-based defense contractor Alion Science and Technology Corp. a $71 million task order to help the branch’s research laboratory (AFRL) develop space, electromagnetic and information technologies for potential national security use, the company announced Monday. Under the task order, Alion will provide research, development, test and evaluation services to the […][...]

Oct 6, 2020

SAIC wins $878M GSA task order

The U.S. General Services Administration awarded Reston-based Fortune 500 defense contractor Science Applications International Corp. (SAIC) an $878 million task order to provide cybersecurity, engineering, tech and research and development services.  Under the task order, SAIC will develop and deploy capabilities to help warfighters access critical information and data at speeds and scales necessary for […][...]

Oct 6, 2020

Hampton Roads State of the Region report offers sobering look at COVID-19 impacts

Old Dominion University’s Dragas Center for Economic Analysis & Policy’s 2020 State of the Region report for Hampton Roads offers a sobering look at how the pandemic has harmed the regional economy and left tens of thousands of Hampton Roads residents jobless.  Employment in Hampton Roads fell dramatically, hotel occupancy continues to be outpaced by […]

Oct 5, 2020

A large data center could have $50M annual impact on SWVA, study finds

Southwest Virginia is well-positioned for data centers and a large data center could result in more than 2,000 jobs and $50 million in annual economic activity, according to the Project Oasis study conducted by OnPoint Development Strategies and released Monday by InvestSWVA.  Due to its land availability, geothermal cooling opportunities and workforce readiness and development, […]

Oct 5, 2020

DXC Technologies finalizes $5B spinoff of health, human services business

Tysons-based Fortune 500 IT services company DXC Technology has completed the sale of its U.S. State and Local Health and Human Services business to private equity firm Veritas Capital for $5 billion, the Fortune 500 company announced Monday. DXC Technology announced in March it would sell the business unit, which provides technology enabled, mission critical […]

The SEWIP Block 3 EDM System in the Northrop Grumman High Bay Integration Lab. Photo courtesy Northrop Grumman
Oct 5, 2020

Northrop Grumman lands $1.16B Navy contract

The U.S. Navy awarded Falls Church-based Fortune 100 defense contractor Northrop Grumman Corp. a potential $1.16 billion follow-on contract to manufacture updated electronic warfare systems the branch will use to defend surface combatant vessels against anti-ship missile threats, the company announced Friday.  The award include[...]

2120 Staples Mill Rd. Photo courtesy Marcus & Millichap
Oct 5, 2020

Henrico office building sells for $1.1M

A 17,112-square-foot office building in Henrico County sold for $1.1 million, commercial real estate brokerage firm Marcus & Millichap announced last week. Located at 2120 Staples Mill Road, the building was constructed in 1974 and sits on 0.73 acres. The building was vacant at the time of the sale, and the new owners plan o[...]

11000 Midlothian Turnpike. Photo courtesy Taylor Long Properties
Oct 5, 2020

Former Salvation Army thrift store sells for $2.4M in Chesterfield

A 15,600-square-foot commercial building in Midlothian sold for $2.4 million, Glen Allen-based commercial real estate consulting and brokerage firm Taylor Long Properties announced last week. Located at 11000 Midlothian Turnpike in North Chesterfield, 11000 Midlothian Turnpike LLC purchased the building from The Salvation Army. [...]

RiverStone Ranch. Photo courtesy Hall and Hall
Oct 5, 2020

RiverStone Ranch auction set for Oct. 28

The 979-acre RiverStone Ranch in Buchanan will go to auction on Oct. 28, rural real estate firm Hall and Hall announced last week.  The Botetourt County estate, which has remained in private ownership for more than 200 years, includes tunnels, canals and stone walls from George Washington’s James River Kanawha Project. Th[...]

Oct 2, 2020

General Dynamics lands two Navy contracts totaling $251M

The U.S. Navy this week awarded the Electric Boats subsidiary of Reston-based Fortune 100 defense contractor General Dynamics Corp. two contracts worth a combined $251 million, the company announced Friday. The first contract is a $215.7 million modification to a previously awarded contract that — if all options are exercised — could be worth more […]

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