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Economic Development: Shovel-ready sites bring bigger projects to Va.
Site-readiness spending — a priority for Gov. Glenn Youngkin since he took office in 2022 — seemed to truly bear fruit in 2024, especially in Central and Southern Virginia. In Chesterfield County alone, Super Radiator Coils announced plans last year to expand its facility, creating 160 jobs, and Danish electrolyzer manufactu[...]
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 [...]
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[...]
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[...]
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[...]
