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University of Richmond president to step down
University of Richmond President Ronald A. Crutcher announced Wednesday he has asked the board of trustees to begin a search for his successor, with plans to have a new president take office no later than July 1, 2022. Following his term as president, Crutcher and his wife, Betty, will travel to Berlin for a sabbatical […[...]
Arlington’s Rosslyn City Center getting $35M renovation
A $35 million renovation project at Rosslyn City Center in Arlington will transform an 84,000-square foot space into a place for all-day dining, working and socializing, real estate lender American Real Estate Partners (AREP) announced Wednesday. AREP will complete the renovation at 1700 N. Moore St., where DMK Restaurants co-fo[...]
Mitre launches data-driven policy center
McLean-based The Mitre Corp., a not-for-profit organization that manages federally funded research and development centers, announced Tuesday it has established the Center for Data-Driven Policy, which will provide evidence-based, objective and nonpartisan insights for government policymaking. “Our team of experts will take what Mitre has learned through research and experimentation and apply those insights to […][...]
Arlington space tech startup receives additional CIT funding
The Herndon-based Center for Innovative Technology (CIT) announced Tuesday that Arlington-based space technology startup NOVI LLC has received a follow-on investment from the state government-backed venture fund CIT GAP Funds. An investment amount was not disclosed. CIT seed- and early-stage investments are made to Virginia-based technology, life sciences and clean tech companies that the center […][...]
CIA launches CIA Labs for R&D
The Central Intelligence Agency, based in McLean, announced Monday it has launched CIA Labs, which will see its officers collaborate with private sector professionals, academic professionals and others to develop mission technology. CIA Labs will be part of the Federal Laboratory Consortium and will conduct research, development, testing and engineering for scientific and technological issues. […][...]
Northam announces higher ed refinancing plan
While higher education institutions have needed to make budget cuts due to the pandemic, Gov. Ralph Northam announced Tuesday a higher education refinancing plan that would save Virginia’s public colleges and universities a total of more than $300 million (among 16 schools) during the next two years. Taking advantage of low interest rates, the state […]
Mitre lands $463M Air Force contract
The U.S. Air Force awarded McLean-based The Mitre Corp., a nonprofit that conducts research for government agencies, a $463 million contract to continue to serve as administrator of the National Security Engineering Center (NCES), the U.S. Department of Defense announced Monday. NCES is a federally funded research and development center that provides systems engineering support […]
The Hilb Group acquires Ct.-based insurance company
Henrico County-based insurance company The Hilb Group LLC (THG) announced Tuesday it has acquired Shelton, Connecticut-based Ganim Group Inc. (Ganim Benefits) from investment advisory company Ganim Financial Inc. Transaction details were not disclosed. This marks THG’s 11th acquisition within the past year. Ganim Benefits prov[...]
Huntington Ingalls to establish unmanned systems center in Hampton
Gov. Ralph Northam announced Tuesday that Newport News-based Huntington Ingalls Industries (HII), the nation’s largest military shipbuilding company, will establish an unmanned systems center in Hampton, which will create more than 250 jobs. “Huntington Ingalls Industries is a national leader in advanced manufacturing, and this investment is a powerful testament to Virginia’s workers and business […][...]
Huntington Ingalls lands $355M Navy contract modification
The U.S. Navy awarded Newport News-based contractor Huntington Ingalls Industries (HII) a potential $355 contract modification to help the branch prepare for an engineered overhaul of the USS Boise nuclear-powered submarine, the U.S. Department of Defense announced Monday. Under the contract modification, HII will provide early production efforts including planning, execution services, production and availability […][...]
McLean contractor wins $87M Navy contract
The U.S. Navy awarded McLean-based defense contractor Alion Science and Technology Corp. an $87 million contract to provide special projects and operational training support, the company announced Monday. Under the five-year Department of Defense Information Analysis Center multiple award contract, Alion will perform research, systems engineering, analysis, design, testing, prototyping, technology, validation and integration work [&hell[...]
Arlington-based natural gas provider announces leadership changes
Arlington-based liquefied natural gas producer Venture Global LNG Inc. announced Monday corporate governance changes in which founders, co-Chairmen and co-CEOs Robert Pender and Michael Sabel will split their roles. With approval of the board of directors, effective Oct. 1, Sabel will assume the role of CEO and Pender will bec[...]
