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Photo courtesy Northrop Grumman
Oct 1, 2020

GSA awards Northrop Grumman $690M task order

The U.S. General Services Administration (GSA) has awarded Falls Church-based Fortune 100 defense contractor Northrop Grumman Corp. a $690 million task order to develop a suite of data systems for the Defense Intelligence Agency (DIA). Under the contract awarded by the GSA’s Federal Systems Integration and Management Cente[...]

Stryker A1 IM-SHORAD vehicle. Photo courtesy General Dynamics
Oct 1, 2020

General Dynamics lands $1.22B Army air defense contract

The U.S. Army awarded Reston-based Fortune 100 defense contractor General Dynamics Corp.’s land systems division a potential five-year, $1.22 billion contract to manufacture and test systems that are designed to destroy, neutralize or deter low-altitude aerial threats, the Department of Defense announced Wednesday. Under t[...]

Oct 1, 2020

Virginia National, Fauquier banks to merge

The parent holding companies of Virginia National Bank and The Fauquier Bank will merge under the Virginia National brand into a combined bank with $1.6 billion in total assets. Charlottesville-based Virginia National Bankshares Corp. and Warrenton-based Fauquier Bankshares Inc. have signed a definitive merger agreement, the banks announced Thursday. The combined company will have approximately $1.4 […][...]

Sep 30, 2020

Fairfax peanut butter maker will open manufacturing facility

OmMade Peanut Butter, an all-natural peanut butter brand created by a Fairfax County woman, will build a manufacturing operation in the county, investing $300,000 and creating five jobs, Gov. Ralph Northam announced Wednesday. Owner Radhika Murari, who sells her products online and at area Whole Foods grocery stores, plans to source 30,000 pounds of peanuts […]

Dominion Energy plans to develop the nation's largest wind farm — an $8 billion, 220-turbine project — off the coast of Virginia Beach by 2026. Photo courtesy Dominion Energy
Sep 29, 2020

Va. offshore wind industry could create 5.2K jobs, study finds

The offshore wind industry could create up to 5,200 jobs in Virginia (with a majority in Hampton Roads) and an estimated $740 million in total economic activity during the next several years, according to an economic impact analysis conducted by Henrico County-based Mangum Economics and released Tuesday by the Hampton Roads Alli[...]

Patrick Roberts suffolk city manager
Sep 29, 2020

Suffolk city manager resigns

Suffolk City Manager Patrick Roberts has resigned, effective Oct. 2. Suffolk City Council accepted Roberts’ resignation during a special meeting on Monday evening after returning from a closed session. Albert Moor was appointed as interim city manager and will assume the position Oct. 3.  “It is with extremely heavy hea[...]

Sep 28, 2020

DXC Technology announces leadership overhaul

Only one year after CEO Mike Salvino took the reins, Tysons-based Fortune 500 IT company DXC Technology on Monday announced a major leadership overhaul, including naming new heads of its Americas, Asian Pacific and Europe, Middle East and Africa business segments, among others.  Salvino announced the following appointments and [...]

Sep 28, 2020

Hitachi AAB Power Grids expanding in Bland County

Hitachi ABB Power Grids will invest $6.2 million to upgrade equipment and increase manufacturing capacity at its operations in Bland County, where it is the county’s largest private-sector employer. The expansion will add 40 jobs, Gov. Ralph Northam announced Monday. “Hitachi ABB Power Grids has made tremendous contributions to Southwest Virginia and the commonwealth for […]

4461 Cox Rd. Photo courtesy Cushman & Wakefield | Thalhimer
Sep 25, 2020

Office building in Henrico County sells for $5.85M

An office building in Henrico County has sold for $5.85 million, Cushman & Wakefield | Thalhimer announced Wednesday.  Located at 4461 Cox Rd. in the Innsbrook Corporate Center, the 70,000-square-foot office building was approximately 50% occupied at the time of the sale, with printing software company TriMech as the main t[...]

Sep 25, 2020

Air Force awards McLean company $40M contract

The U.S. Air Force awarded McLean-based defense contractor Alion Science and Technology Corp. a $40 million contract to provide information technology and cybersecurity services, the Department of Defense announced Wednesday. Under the contract, Alion will provide services including enterprise protection risk management to mitigate the compromise, loss, unauthorized access/disclosure, destruction, distortion or nonaccessibility of missi[...]

Sep 25, 2020

Tysons tech company lands $65M Ginnie Mae task order

The Government National Mortgage Association (Ginnie Mae) awarded Tysons-based tech company MicroTech a $65 million task order to provide information technology and software consolidation services and support, the company announced Thursday.  Under the task order, MicroTech will perform services to support Ginnie Mae’s mortgage-backed securities platform, including reviewing requirements for new functionality, interfaces and data[...]

Sep 25, 2020

NoVa home sales increase during August

Northern Virginia home sales increased during the month of August, according to a report released Wednesday from Chantilly-based Long & Foster, the largest privately owned real estate company in the nation. Alexandria saw the largest increase, at 32%, followed by Arlington and Loudoun counties, which both increased by 15%. Although inventory fell throughout most of […]

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