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Scottish company to locate data center HQ in Loudoun
Scottish energy solutions company Aggreko plc will establish its data center division’s North American headquarters in Leesburg, according to an announcement Friday from Loudoun County’s economic development department. Headquartered in Glasgow, Scotland, Aggreko provides temporary power generation equipment and temperature control equipment. “We are pleased to welcome Aggreko to the growing ecosystem of energy and […][...]
Altria to sell winemaking division for $1.2B
Henrico County based Altria Group Inc. announced Friday that it has entered into a definitive agreement to sell its Ste. Michelle Wine Estates winemaking division for $1.2 billion to New York-based private equity firm Sycamore Partners Management LP in an all-cash deal. The deal is expected to close by the end of this year. The [...]
Huntington Ingalls Industries to acquire Alion in $1.65B deal
Newport News-based Fortune 500 military shipbuilder Huntington Ingalls Industries will acquire McLean-based defense contractor Alion Science and Technology Corp. from Veritas Capital in a $1.65 billion, all-cash deal, HII announced in a news release Tuesday. The deal is expected to close by the end of this year, with Alion becom[...]
Commercial truck, van floor manufacturer to build $12.8M plant in Patrick County
Prolam LLC, a Canadian manufacturer of hardwood floors for commercial trucks and dry van trailers, will invest $12.8 million to establish its first U.S. manufacturing plant at the former Ten Oaks satellite facility in Patrick County, creating 58 jobs, Virginia Gov. Ralph Northam announced Wednesday. The facility will increase Prolam’s manufacturing capacity by 50%, and […]
Shenandoah Growers taps ex-Starbucks exec as new CEO
Rockingham County-based indoor agriculture company Shenandoah Growers Inc. has appointed former Starbucks Inc. Chief Marketing Officer Matthew Ryan as the company’s new CEO. And Mike Buckley, former senior vice president of business for Postmates, has been hired as Shenandoah Growers’ chief financial officer, the com[...]
Timber exporter building $1.1M facility in Suffolk
Kristi Corp. a global supplier of industrial raw materials for aluminum and steel metallurgical industries, will build a $1.1 million log load and fumigation facility in Suffolk, creating 10 jobs, Virginia Gov. Ralph Northam announced Tuesday. The company will source 100% of its exports from Virginia logging companies. Virginia competed with North Carolina and Pennsylvania […]
SAIC lands $90M Air Force contract
Reston-based Fortune 500 government contractor Science Applications International Corp. (SAIC) has been awarded a $90 million contract to help protect Department of Defense Combatant Commands from small unmanned aircraft systems. The contract was awarded by the U.S. Air Force and its Life Cycle and Management Center, Force Protection Division, the company announced in a Tuesday news […]
Chesterfield EDA acquires former speedway property
Chesterfield County will purchase the former Southside Speedway property for $4.5 million, according to a news release from the county’s Economic Development Authority. The county’s board of supervisors approved the transfer of funds for to the EDA for the purchase on June 23. The nearly 48,000-square-foot property purchase is part of a plan to expand […]
New ABC laws go into effect July 1
Starting July 1, the Virginia Alcoholic Beverage Control Authority (ABC) will begin enforcing new laws passed by the Virginia General Assembly during its 2021 session, including allowing localities to create special large outdoor entertainment districts where consumption of alcohol would be allowed. Other measures passed by the [...]
F-22 fighter jet training unit will relocate to Joint Base Langley-Eustis
The U.S. Air Force is relocating the branch’s only advanced training unit for F-22 Raptor fighter jets from Florida to Joint Base Langley-Eustis in Hampton, bringing some 2,300 people to the region, the Air Force confirmed to the Air Force Times newspaper on Wednesday, June 23. “We are thrilled to welcome the F-22 Raptor[...]
GO Virginia awards $11.1 million in economic recovery grants
The state’s GO Virginia economic development initiative announced Wednesday that it has allocated $11.1 million in grants to advance economic recovery efforts across Virginia, including a $1.45 million award to create a statewide system to support cybersecurity jobs training for Virginia’s defense contracting industry. “The targeted support that GO Virginia provides is critical to ensuring […][...]
Reston’s Trucker Tools acquired by Calif. tech firm
Reston-based Trucker Tools, a software company that provides a digital freight management platform for the transportation industry, has been acquired by Walnut Creek, California-based software company ASG. Financial details of the transaction were not disclosed. Founded in 2013, Trucker Tools offers a software suite with capacity management, predictive freight matching, automated booking, real-time GPS-based visibility […][...]
