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Industries

Feb 27, 2025

Philanthropy: Virginians give to higher education, health care

In the last year, philanthropists and foundations in Virginia have made record-breaking donations to higher education institutions and health care systems, with multiple donors continuing their longstanding support for several institutions. Jane Batten, the matriarch of a philanthropic Hampton Roads family, pledged $100 million [...]

Man wearning dark blazer and glasses.
Feb 26, 2025

V2X nabs $100M FBI contract

V2X secured a $100 million, five-year contract to provide aviation maintenance and support services for the FBI’s Critical Incident Response Group, the Reston-headquartered aerospace and defense contractor announced Wednesday. V2X’s role in the contract will be to deliver mission-critical aviation resources, enabling[...]

Feb 21, 2025

RTX subsidiary secures $1.5B Air Force contract

Pratt & Whitney, a subsidiary of Arlington County Fortune 500 aerospace and defense contractor RTX, secured a three-year award valued at up to $1.5 billion to sustain F119 engines powering the U.S. Air Force’s F-22 fighter jets. RTX announced the contract award to its aerospace manufacturing subsidiary, headquartered i[...]

Feb 19, 2025

Sauer Brands acquired by Boston firm; new CEO named

A Boston private equity company completed its purchase of Richmond-based Sauer Brands, which produces Duke’s Mayo, Sauer spices and other food products, the companies announced Wednesday. With the change in ownership comes a new CEO for Sauer. E. Yuri Hermida, most recently executive vice president and chief growth and str[...]

Feb 18, 2025

Hampton University achieves prestigious R2 research status

Hampton University announced last week that it has obtained Research 2 designation — making it one of the few historically Black colleges and universities to do so. The university received the designation from the Carnegie Classification of Institutions of Higher Education, which ranks research institutions based on the volume[...]

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