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State industrial fund awards $24.7M to projects
The governor announced more than $24.7 million in Industrial Revitalization Fund grants going to construction projects across Virginia on Tuesday, including Danville’s White Mill, South Boston’s John Randolph Hotel and other historic properties. “The transformation of older, vacant or blighted structures into produ[...]
General Dynamics’ Electric Boat lands $5.1B submarine contract
General Dynamics Corp.’s Groton, Connecticut-based Electric Boat Corp. has received a $5.1 billion contract modification for the Columbia-class ballistic-missile submarine program, the Pentagon announced Wednesday. The contract includes missile long-lead material and missile tube manufacturing, advance procurement and cons[...]
Raytheon contracts include radar surveillance for Taiwan
Arlington County-based Raytheon Technologies Co. was awarded two large contracts this week to help sustain a foreign surveillance radar program and for the continued production and delivery of its AIM-9X Sidewinder missile, the Pentagon announced this week. Under a $412.6 million Air Force contract announced Wednesday, Raytheon will provide continued sustainment to the Taiwan Surveillance […][...]
Perspecta receives $342M TSA contract
Perspecta Enterprise Solutions LLC, a subsidiary of Herndon-based government contractor Peraton, has received a contract worth up to $342.7 million to operate, maintain and improve the Transportation Security Administration’s IT equipment, services and processes, the company announced Wednesday. Chantilly-based Perspecta will support as many as 85,000 employees, contractors and support personnel at domestic and international [&hel[...]
Sentara invests $11M in Newport News revitalization
Sentara Healthcare invested $11 million in Newport News’ Marshall-Ridley Choice Neighborhood revitalization initiative, the Norfolk-based health system announced Wednesday. Sentara is providing $11 million in loan financing support for the project’s second phase, which focuses on the former Ridley Place neighborhood. The pro[...]
Va. nursing homes, assisted living facilities struggle with staffing
Virginia’s nursing homes and assisted living facilities continue to struggle with staffing shortages, according to a Virginia Health Care Association-Virginia Center for Assisted Living survey released in December. Of 154 long-term care providers who responded to the survey, 86% said their workforce situation worsened in 2022 [...]
Richmond receives 5 proposals for City Center project
Five groups of developers sent in proposals to redevelop Richmond’s newly rebranded City Center Innovation District, a 9.4-acre downtown area that includes the closed Richmond Coliseum, the Richmond Economic Development Authority and the Greater Richmond Convention Center Authority announced Wednesday. An evaluation panel [...]
Hilb Group acquires Ga. insurance agency
Henrico County-based insurance company The Hilb Group LLC announced Tuesday it had acquired Georgia-based Gillman Insurance Problem Solvers. Financial terms of the acquisition, which became effective Dec. 1, were not disclosed. “Joining The Hilb Group allows us to build further upon our long-standing, dedicated focus on ou[...]
SWVA child care initiative receives $1.24M grant
The New River/Mount Rogers Workforce Development Board will receive $1.24 million in grant funding for Ready SWVA, a child care initiative launched by United Way of Southwest Virginia, Gov. Glenn Youngkin announced Monday. The United Way chapter launched Ready SWVA in December 2021 to expand access to affordable child care, stre[...]
Burke & Herbert Bank holding company elects new chair
Burke & Herbert Financial Services Corp. announced that President and CEO David P. Boyle will be chair of the board effective Jan. 1, 2023, the Alexandria-based holding company for Burke & Herbert Bank & Trust Co. announced Friday. Boyle joined the bank in 2019 and has been a bank director since 2020. He succeeds E. [...]
Leidos receives $334M Air Force hypersonics contract
Reston-based Leidos Inc. will help the Air Force develop its Mayhem hypersonic system under a $334 million contract, the Fortune 500 contractor announced Friday. Under the contract, Leidos will assist the U.S. Air Force Research Laboratory in developing the Expendable Hypersonic Multi-mission ISR (intelligence, surveillance and [...]
ODU hires associate VP for corporate partnerships
Civic Leadership Institute President and CEO Sarah Jane Kirkland will become Old Dominion University’s associate vice president for corporate partnerships on March 1, 2023, the Norfolk university announced Thursday. “Sarah Jane is well-known and highly respected in Hampton Roads, especially among business and industry leader[...]
