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Calif. tech firm’s $12.4M Va. relocation will create 700 jobs
Calabasas, California-based tech and professional services company ASGN Inc. will invest $12.4 million to move its corporate headquarters and operations to Virginia, creating a total of 700 jobs, Gov. Ralph Northam announced Monday. “The creation of 700 new jobs is critical as we work to rebuild and strengthen our economy from the impacts of COVID-19,” […]
Arlington defense contractor wins Air Force contract worth up $950M
Arlington-based aerospace and defense contractor Raytheon Intelligence and Space was awarded an Air Force contract valued up to $950 million to aid in developing a command and control network. One of the four business segments of Waltham, Massachusetts-based Raytheon Technologies Corp., Raytheon Intelligence and Space will work to develop the Advanced Battle Management System (ABMS) […]
$14.66M in GO Virginia funds redirected to COVID-19 recovery initiative
More than $14.66 million of Growth and Opportunity for Virginia (GO Virginia) funding for economic development has been redirected to a new Economic Resilience and Recovery Program in response to COVID-19-related economic impacts, Gov. Ralph Northam announced Monday. “The COVID-19 pandemic has had an unprecedented impact on our economy, and we must use every asset […]
GMU selects three finalists for $250M Institute for Digital InnovAtion
George Mason University on Monday announced three development and property management firms as finalists to build and operate its proposed $250 million Institute for Digital InnovAtion (IDIA), set to open in September 2025 on its Arlington campus. The university released a request for proposals in February, to which 105 develope[...]
Va. COVID cases down nearly 38% from prior week
New COVID-19 cases in Virginia dropped by nearly 38% this week, with the commonwealth reporting 3,635 new confirmed and probable cases for the 7-day period ending June 15, down 5,853 new cases during the prior week. The state has had 1,552 deaths from the coronavirus since the pandemic began. Nevertheless, last week, the Unite[...]
Central Va. CEOs ‘unhappy’ with pace of reopening
Although a majority of Central Virginia CEOs have an improved outlook for sales, capital spending and employment for the next six months, they’re unhappy with the pace of reopening, according to a follow-up 2020 CEO Economic Outlook Survey released Friday by the University of Richmond’s Robins School of Business and the Virginia Council of CEOs […]
SOSi consolidates defense IT and intelligence solutions units
Reston-based defense and government contractor SOS International LLC (SOSi) announced Tuesday it is consolidating its defense information technology and intelligence solutions business units into a new Defense and Intelligence Solutions Group. The new business unit will be led by Ed Bachl, co-founder of Vykin Corp., a Florida-based information technology solutions company that SOSi acquired in […][...]
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 […]
Former UPS CEO joins Northrop Grumman board
Former United Parcel Service CEO David Abney has been elected to Northrop Grumman Corp.’s board of directors. Executive chairman of the UPS board of directors, Abney served as CEO of UPS from 2014 until May 2020. “David is an accomplished and respected business leader and is a great addition to our board,” said Kathy W[...]
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 […]
396K+ Virginians remain unemployed during pandemic
Nearly 400,000 Virginians are still unemployed following the economic fallout from the COVID-19 pandemic, though the number of initial jobless claims across the commonwealth continues to decrease. The Virginia Employment Commission (VEC) announced Thursday that 822,300 initial unemployment claims have been filed since March 15, [...]
