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Falls Church health IT company acquires Vienna tech firm
Falls Church-based health information technology company Cognosante LLC has acquired Vienna-based tech company Enterprise Information Services LLC (EIS). Financial terms of the transaction were not disclosed. Cognosante plans to use the acquisition to expand its federal contracting market. “EIS’ proven success in enterprise services, biometrics and cybersecurity provides expanded capabilities to offer to our existing […][...]
Goldman Sachs to acquire McLean financial firm
McLean-based online financial services company Folio Financial Inc. announced Tuesday it will be acquired by New York City-based The Goldman Sachs Group Inc. Both companies provide investment management, asset management and brokerage services. Financial terms of the transaction were not disclosed. Acquisition discussions began in 2019, and the transaction is expected to close by the […]
Booz Allen wins $800M AI defense contract
Tysons-based federal contractor Booz Allen Hamilton announced Tuesday it has won an $800 million, five-year contract from the U.S. General Services Administration to create artificial intelligence products for warfighting operations supporting the Department of Defense’s Joint Warfighter National Mission Initiative. Booz Allen will embed AI decision-making and analysis at all tiers of DoD operations. As […][...]
William & Mary Law School names new dean
The William & Mary Law School announced Monday that A. Benjamin Spencer will become its next dean, effective July 1. Spencer will also serve as a Chancellor Professor of Law. Spencer succeeds Davison M. Douglas, who has served as dean for more than 10 years. Douglas will return to the school’s faculty after Spencer takes [[...]
Port expansion project nears finish line
The Port of Virginia announced Monday that the final group of stacking cranes needed to complete the $375 million crane addition portion of expansions at both the Norfolk International Terminals and Virginia International Gateway arrived May 14. The offloading process began the next day, Friday, May 15, and continued through the[...]
Trump administration chooses RVA pharma startup for $354M COVID-19 contract
Richmond-based drug manufacturing company Phlow Corp., which incorporated this year, announced Tuesday that the Trump administration has awarded it a $354 million, four-year contract to manufacture in the U.S. generic medicines and pharmaceutical ingredients needed to treat COVID-19, creating an American supply chain for medical[...]
McAuliffe joins advisory board of Herndon’s HawkEye 360
Herndon-based satellite company HawkEye 360 Inc. announced Monday that former Virginia Gov. Terry McAuliffe and former National Security Agency Deputy Director Chris Inglis have joined its advisory board. The company also announced earlier this month that David Farnsworth was named its chief financial officer. “HawkEye 360 i[...]
SAIC names executive VP, strategic growth officer
Reston-based defense contractor Science Applications International Corp. (SAIC) announced Monday it has named Dorothy “Dee Dee” Helfenstein as its executive vice president and chief strategic growth officer — a newly created position at the company. Helfenstein most recently was the executive vice president at McLean-bas[...]
Chincoteague pony swim canceled for first time since WWII
For the first time since World War II, the annual Chincoteague Pony Penning celebration, scheduled to begin July 2, has been canceled, Alex Tucker, president of the Chincoteague Volunteer Fire Company Inc. announced Monday. “Please understand that this was not an easy decision to make, with the last pony penning being cancel[...]
35 Virginia companies make 2020 Fortune 1000 list
Thirty-five Virginia-based companies made Fortune magazine’s 66th annual Fortune 1000 list, which was released Monday. The list ranks the 1,000 largest United States corporations by total revenue. Of the 35 Virginia companies, 22 made the elite Fortune 500 list. Science Applications International Corp. (SAIC) is the only Virginia newcomer to the Fortune 500 list. Last year […]
Caesars wins bid in Danville casino project
After taking bids from several companies, Danville officials announced Monday that the city is in negotiations with Caesars Entertainment to be the preferred operator of a Danville-based casino. Voters will still need to approve the casino in a November local referendum. The $400 million resort is proposed for the former Dan Riv[...]
ODU president retiring in 2021
Old Dominion University President John R. Broderick announced Monday that he will be retiring in summer 2021. ” I am proud of the many breakthroughs Old Dominion has achieved in the past 12 years, including more than $940 million in new or committed resources. I look forward to watching Old Dominion climb many more mountai[...]
