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Fitness center, library planned for former Military Circle Mall in Norfolk
Norfolk Mayor Kenny Alexander last week updated his city on plans to redevelop MacArthur Center mall and the former Military Circle Mall site. During his State of the City address on Friday, Alexander announced that Norfolk is planning a “state-of-the-art” fitness and wellness center and library for the east side of the city[...]
5 Virginia companies among 27 firms targeted by China for further trade constraints
BANGKOK (AP) — China announced Friday that it will impose a 34% tariff on imports of all U.S. products beginning April 10, part of a flurry of retaliatory measures following U.S. President Donald Trump’s “Liberation Day” slate of double-digit tariffs. The new tariff matches the rate of the U.S. “recipro[...]
Supply chain co. plans $10M expansion in Pulaski
The Patton Logistics Group, a U.S. supply chain company, plans to expand with a $10 million, 100,000-square-foot warehouse and distribution facility in Pulaski County, Gov. Glenn Youngkin announced Thursday. This is the company’s second expansion in four years in Pulaski County and will allow Patton Logistics Group to expa[...]
Reston Limousine sold to Texas company
Dallas-based TBL Group, a transportation and logistics management acquisition company, has purchased Reston Limousine & Travel Service, a Sterling-based transportation company started in 1990. According to TBL’s website, the company will be known as Reston Transportation. Financial terms were not disclosed. Since its f[...]
Virginia Business announces inaugural C-Suite Awards winners
Virginia Business has selected its inaugural group of Virginia C-Suite Awards recipients. The Virginia C-Suite Awards celebrate top corporate executives who consistently demonstrate remarkable leadership skills, integrity, values, vision, commitment to excellence, company performance and community engagement. The honorees must h[...]
Virginians bet more than $556M on sports in February
Virginians bet more than $556.83 million on sports in February, 2.2% more than they bet in the same month the year before, even though February 2024 was a leap year and offered an extra day for wagering. Virginia bettors won more than $490 million in February, according to Virginia Lottery data released Tuesday. About $553.02 [&[...]
TowneBank finalizes $120M acquisition of Village Bank
Suffolk-based TowneBank has completed its acquisition of Midlothian’s Village Bank and its parent company Village Bank and Trust Financial, the bank announced Tuesday. When the companies announced the merger in September, they valued the deal at about $120 million. Village Bank shareholders gave “overwhelming support�[...]
AeroVironment subsidiary to deliver uncrewed vehicles to German Armed Forces
Arlington County-based defense contractor AeroVironment announced last week that its subsidiary Telerob was awarded “a significant contract” to deliver 41 large-sized advanced uncrewed ground vehicles to the German Federal Armed Forces, with initial deliveries scheduled for this summer and additional orders extending through[...]
General Dynamics subsidiary wins $1B Navy contract
A Connecticut-based subsidiary of Reston-headquartered Fortune 500 contractor General Dynamics was recently awarded a $1 billion contract modification from the U.S. Navy to purchase long lead time materials for Virginia-class Block VI submarines. The subsidiary, General Dynamics Electric Boat, announced the award on Tuesday. The[...]
Henrico to rebid arena project at former Best Products campus
Henrico County announced Thursday it is rebidding the development rights for the former Best Products headquarters campus, the site where the failed $2.3 billion GreenCity development had been planned. GreenCity officially met its demise after developers failed to make more than $5 million in overdue payments by a March 13 deadl[...]
Dulles-based Nightwing acquires Herndon’s Roka Security
Dulles-based intelligence solutions company Nightwing announced Thursday that it has acquired cybersecurity services company Roka Security, which is based in Herndon. The companies did not disclose financial details in the announcement. Nightwing was previously the cybersecurity and intelligence division for Fortune Global 500 a[...]
Lynchburg’s BWXT unveils Innovation Campus
On Wednesday, Gov. Glenn Youngkin, federal and state officials and executives, engineers and employees of Lynchburg-based BWX Technologies gathered to celebrate the official opening of the nuclear company’s new Innovation Campus. “The IQ level in this room is really high,” Youngkin joked. Set on 11 acres in Campbell Co[...]
