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SAIC secures $928M Air Force contract
Science Applications International Corp. announced that it has been awarded a $928 million, five-year contract to support the Air Force.
EU opens investigation into $35.9B Mars-Kellanova merger; FTC approves deal
The European Union's antitrust watchdog organization has opened an in-depth investigation into Mars' proposed $35.9 billion acquisition of Kellanova
Google buys $14M parcel for Botetourt data center
Google purchased 312 acres in Botetourt County for a future data center and pledged an additional $4Mfor community projects.
Virginia Business wins two international journalism awards
Virginia Business won two journalism awards for breaking news coverage and explanatory journalism in the 2025 Alliance of Area Business Publishers awards.
Traditional Medicinals moves forward with $47M plant in Franklin County
Traditional Medicinals will build a $47 million tea plant in Franklin County, creating 57 jobs.
Broadband installation statute unconstitutional
Virginia’s high court ruled a 2023 broadband law unconstitutional, blocking fiber cable installs on railroad land without proving public use.
Bassett CEO Rob Spilman talks tariff strategy, supply chain resilience
Henry County’s Bassett Furniture is taking a solutions-focused approach to protect profitability and support its dealer network amid uncertainty.
GDIT secures $396M Special Operations Command contract
Falls Church federal contractor General Dynamics Information Technology won a $396 million contract to support the U.S. Special Operations Command.
Acoustical Sheetmetal Co. to invest $46M in Virginia Beach expansion
Virginia Beach-based Acoustical Sheetmetal Co. will invest $45.8 million to expand its operations and create 350 jobs.
Hooker restructuring targets $25M savings by FY27
Hooker Furnishings launches restructuring to cut $25M in fixed costs by FY27, closing warehouses and expanding overseas operations for savings.
Fed’s Fifth District expands slightly amid uncertainty
The Fifth District economy saw mild growth, with mixed hiring, rising import costs, and steady consumer spending despite economic uncertainty.
RTX subsidiary wins $1.1B Navy contract modification
Raytheon has received a $1.1 billion contract modification from the U.S. Navy to manufacture additional AIM-9X missiles.
