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The Harvest Foundation invests $1M in Virginia 30 Day Fund
The Harvest Foundation in Martinsville announced Wednesday it has invested $1 million in the Virginia 30 Day Fund to launch a new relief initiative to aid small businesses in Martinsville and Henry County. The Virginia 30 Day Fund’s Pay it Forward MHC Small Business Relief Fund will provide forgivable loans of up to $3,000[...]
UK software company buys Chesterfield’s Mapcom Systems
Chesterfield County-based telecommunications software company Mapcom Systems announced Tuesday that it has been acquired by United Kingdom-based geographic software company VertiGIS. Financial terms of the transaction were not disclosed. “Mapcom’s customer-centric approach to digitalizing processes and solving challenges with location technology matches well with ours,” VertiGIS President and CEO Richard Wiegmann said in a sta[...]
McLean defense contractor buys Reston software company
McLean-based defense contractor E3/Sentinel LLC announced Monday it has acquired Reston-based Lucid Perspectives, a software and systems engineering company. This is E3/Sentinel’s fifth acquisition in the past two years. Financial terms of the transaction were not disclosed. E3/Sentinel acquired Data Works in August 2019, and under this acquisition, Lucid’s operations will be combined with Data […][...]
Babel Street gains AI, machine learning capabilities
Reston-based Babel Street Inc., a web and social media monitoring company, announced Monday it has acquired the intellectual property assets of Overland Park, Kansas-based Dunami, an artificial intelligence and machine learning analysis company. Financial terms of the transaction were not disclosed. Babel Street acquired Dunami’s AI and machine learning assets, which automatically illustrate relationships between […][...]
Orbital Sciences Corp. wins $187M NASA contract
Dulles-based Orbital Sciences Corp., a subsidiary of Northrop Grumman Corp., has been awarded a $187 million NASA contract to design living quarters for the Lunar Gateway mini space station. The Habitation and Logistics Outpost (HALO) design will be inspired by Northrop Grumman’s Cygnus spacecraft, which delivers supplies, e[...]
Virginia places 20-day moratorium on evictions
With almost 400,000 Virginians still unemployed due to the COVID-19 pandemic’s economic fallout, Gov. Ralph Northam has announced a temporary statewide moratorium on eviction proceedings in the commonwealth, to remain in effect through June 28. Granted by an order from Virginia Supreme Court Chief Justice Donald Lemons, the moratorium will pause evictions will the Northam […]
Chesapeake shopping center sells for $13.6M
The Gainsborough Square shopping center in Chesapeake sold on June 2 for $13.6 million, according to city property records. Virginia Beach-based Armada Hoffler Properties Inc. (which declined to state the sales price) sold the 88,862-square-foot property to Slate Asset Management, according to a June 3 announcement from Collie[...]
Charlottesville energy companies move toward merger
Charlottesville-based energy company Tiger Fuel Co. announced Friday it has acquired 40% of the shares of Altenergy Inc., which is also based in Charlottesville — a first step in the acquisition of Altenergy to be completed in March 2021. “Altenergy and Tiger share a common commitment to doing the right thing for our customers, our […]
Colonial Williamsburg to reopen on limited basis June 14
The Colonial Williamsburg Foundation announced Friday that it will open for limited public programming at some of its historic sites on June 14 while the state moves into Phase 2 of Gov. Ralph Northam’s “Forward Virginia” plan. “We are eager to welcome employees and guests back to Colonial Williamsburg, but reopening our[...]
Arlington tech company wins $1.5B contract
Arlington-based federal technology contractor CACI International Inc. announced Thursday it has won a $1.5 billion contract to provide networking and cybersecurity services for the National Geospatial-Intelligence Agency (NGA). “This record award demonstrates CACI is delivering on its strategy to win larger, more enduring contracts,” CACI President and CEO John Mengucci said in a statement. “It […][...]
Leidos lands contract worth $401M
Reston-based federal contractor Leidos announced Thursday it has won a contract worth $401 million, if all options are exercised, to provide information technology operations and maintenance support to the Defense Intelligence Agency (DIA). “This award is a true testament to our strong capabilities and proven performance working with the Department of Defense and Intelligence Community,” […][...]
Dominion commits $5M to social justice nonprofits, businesses
As protests over the killing of George Floyd by a police officer in Minneapolis have spread into a nationwide movement against systemic racism and injustice, the Dominion Energy Charitable Foundation announced Thursday that it will donate $5 million to nonprofits and minority-owned and small businesses within Dominion Energy Inc.’s 20-state footprint. Of the $5 million […]
