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Averett gets OK to proceed with North Campus sale
Averett University won bondholder approval for an $18.15M North Campus sale-leaseback to help stabilize its finances.
U.Va. faculty call for no deal with Trump administration
University of Virginia faculty members largely oppose the deal offered by President Donald Trump in exchange for improved access to federal money.
General Dynamics unit wins $1.25B Army contract
General Dynamics Information Technology announced last week it was awarded a $1.25 billion task order to modernize Army IT infrastructure.
Raytheon wins $5B Army contract
The U.S. Army has awarded Raytheon, a subsidiary of RTX, a roughly $5 billion contract to supply its Coyote Missile System.
White House offers funding deal to U.Va., 8 other universities
WASHINGTON (AP) — The White House is asking nine major universities, including the University of Virginia, to commit to President Donald Trump’s political priorities in exchange for more favorable access to federal money. A document sent to the universities encourages them to adopt the White House’s vision for Am[...]
Virginians wagered $510M on sports in August
Virginians bet about $510.2 million on sports in August, up 22% from 2024. It generated nearly $8.7M in taxes
Genworth subsidiary launches inaugural long-term care insurance
CareScout, a subsidiary of insurance company Genworth Financial, announced that it has launched its first long-term care insurance product.
D.C.-area leaders launch initiative to help laid-off federal workers
Talent Capital, a website launched Wednesday, aims to help laid off federal workers find jobs and keep them in the Greater Washington region.
Virginia CEO compensation continues climbing
Virginia CEOs earned an average $10.17M in 2024, with Capital One’s Richard Fairbank leading the list at nearly $30M.
Whistleblowers amend complaint against Sentara
Whistleblowers last week filed an amended complaint accusing Sentara of improperly inflating 2018–2019 insurance rates.
Reston growth equity firm closes $560M investment fund
Razor’s Edge, a Reston-based growth equity firm focused on the national security tech market, has closed a $560 million investment fund.
General Dynamics Information Technology wins $1.5B contract
General Dynamics Information Technology has been awarded a $1.5 billion contract to modernize U.S. Strategic Command’s enterprise IT systems.
