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Global manufacturer to move U.S. HQ to Danville/Pittsylvania area
Walraven Inc. will invest $7.15 million to relocate its U.S. headquarters and manufacturing operation from Cadillac, Michigan, to the Danville-Pittsylvania County area, creating 46 jobs, Virginia Gov. Ralph Northam announced Thursday. A manufacturer of installation systems such as pipe hangers and in-wall solutions for plumbing and mechanical applications, Walraven will move into the Cane Creek […][...]
39 Virginia companies make 2021 Fortune 1000 list
Thirty-nine Virginia-based companies made Fortune magazine’s 67th annual Fortune 1000 list, which was released Wednesday. The list ranks the 1,000 largest United States corporations by total revenue. Twenty-two companies made the elite Fortune 500 list, including Fortune 500 newcomer CACI International Inc., which was ranked at No. 473 this year. It was ranked No. 549 […]
Accenture Federal Services to acquire Novetta
Arlington-based Accenture Federal Services (AFS) has entered into an agreement to acquire Novetta, a McLean-based federal contractor specializing in advanced analytics, machine learning, cyber services and cloud engineering. Terms of the transaction, which is subject to regulatory review, were not disclosed in the announcement released Tuesday by AFS. With 1,300 employees, Novetta is a subsidiary of […][...]
Leidos’ Dynetics scores $90M NASA contract
Dynetics Inc., a wholly owned subsidiary of Reston-based Fortune 500 government contractor Leidos Holdings Inc., has received a potential $90 million contract from NASA to produce a laser air monitoring system (LAMS) for the agency’s Orion spacecraft, beginning with the Artemis III mission, which plans to return astronauts to the lunar surface for the first […]
Dominion vessel to assist in building Northeastern offshore wind farms
Dominion Energy Inc. has reached an agreement with two companies to charter its offshore wind turbine installation vessel to assist with construction of two offshore wind farms in the Northeastern U.S. The partnership with Ørsted and Eversource was announced Tuesday and comes six months after Dominion announced construction had[...]
Sentara expands Healthier Communities Fund by $40M
Sentara Healthcare is allocating $40 million to expand its Healthier Communities Fund across Virginia and northeast North Carolina, with an aim to address health disparities that have been magnified by the impact of COVID-19 among underserved populations. Today’s announcement follows an initial $10 million the Norfolk-based health care system pledged in January to address health […]
Virginians bet $236M on sports for April
Virginians bet $236 million on sports during April, the third full month for legal sports wagers in the commonwealth, according to data released Friday by the Virginia Lottery. Bettors made about $217 million between April 1-30. Virginians bet 22% less in April than in March when they wagered heavily on the NCAA Division I men�[...]
HII gets Navy order for new unmanned underwater vehicles
The U.S. Navy has ordered two of Huntington Ingalls Industries’ new unmanned underwater vehicles, the Newport News-based shipbuilding company announced this week. HII says common applications for the REMUS 300 vehicle, which became commercially available in April, include mine countermeasures, marine resource work and search [...]
GDIT snags $219M Homeland Security contract
Falls Church-based General Dynamics Information Technology Inc. (GDIT) has won a five-year, $219 million contract with the contact center for U.S. Citizenship and Immigration Services, G2Xchange FedCiv reported this week. The contact center offers front-line support for people inquiring about immigration case status and related issues. The agency is part of the Department of Homeland Security. […][...]
Slovenian manufacturer bringing $2.6M U.S. HQ to Harrisonburg
SIBO Group, a Slovenia-based manufacturer of closure solutions for tubes, containers and other packaging systems, will invest $2.6 million to establish its U.S. corporate headquarters and a new manufacturing operation in Harrisonburg. The subsidiary will operate as SIBO USA LLC and the project will create 24 jobs. Founded in 1967, SIBO Group got its start […]
Fairfax real estate developer Milt Peterson dies
Real estate developer Milton V. Peterson, founder and chairman of the Fairfax-based Peterson Cos., died early Wednesday at his Fairfax County home at the age of 85. Peterson was known for developing major real estate projects across the Washington, D.C., metro area, including National Harbor in Prince George’s County, Mary[...]
Aerospace engineering firm announces $2.5M expansion in Fauquier
Missile and rocket propulsion engineering firm SPARC Research is investing $2.5 million to establish a 20,000-square-foot office and manufacturing facility on 4.5 acres near its current location in Warrenton, Virginia Gov. Ralph Northam announced Wednesday. The expansion, which will increase SPARC’s engineering capabilities and establish a manufacturing facility for rocket motor components, will create 16 […][...]
