Sign In
Free Newsletter
FerraTex to buy Henry County facility for $1.95M
FerraTex Solutions LLC will purchase the former Compton Woods Products facility in Bowles Industrial Park in Henry County for $1.95 millon, Gov. Ralph Northam announced Thursday. FerraTex, which specializes in services and liners for cured-in-place pipes (a method of repairing existing pipelines), will renovate and expand the facility, adding 15 jobs. “As we work to […]
Perspecta CEO becomes chairman of board
Mac Curtis, president and CEO of Chantilly-based federal contractor Perspecta Inc., has been appointed chairman of the company’s board of directors, effective Aug. 5, the date of the company’s 2020 annual shareholders meeting. Curtis has served as president and CEO of Perspecta since the publicly traded company was l[...]
Coffee roasting company to build Suffolk distribution center
Massimo Zanetti Beverage USA Inc. (MZB-USA) announced Thursday it will build a 355,933-square-foot distribution center in Suffolk to support its headquarters and main coffee roasting operations in Portsmouth. The distribution center will be located in the Virginia Port Logistics Park, which is located approximately 30 miles from the Port of Virginia. Construction on the warehouse […]
Shenandoah University removes Byrd Jr.’s name from biz school
Shenandoah University in Winchester announced Wednesday that its Board of Trustees has voted unanimously to remove the name of the late U.S. Sen. Harry F. Byrd Jr. from its School of Business and board room. “At Shenandoah, we encourage the best, the brightest, the inspired, to come learn with us, in the spirit of equitable [&[...]
Reston software company names new CFO
Reston-based software company LeaseAccelerator Inc. has hired Keith Haas as its new chief financial officer. A certified public accountant, Haas was vice president of finance for GeoEye, a Herndon-based satellite imaging company that is now a subsidiary of DigitalGlobe. He also held a prior leadership position at Herndon-based e[...]
Navy Federal Credit Union taps new CTO
Navy Federal Credit Union has hired Amtrak’s chief technology officer, Sovan Shatpathy, to serve as its new CTO, leading the credit union’s information services department. “Our ISD teams are behind nearly all of the technology our members and employees use,” said Navy Federal’s chief information officer, T[...]
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 […]
