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Calif. company buys Progeny Systems division for $30M
Simi Valley, California-based unmanned aircraft systems (UAS) company AeroVironment announced Wednesday it has acquired Manassas-based Progeny Systems Corp.’s Intelligent Systems Group (ISG) for $30 million in an all-cash transaction. ISG develops artificial intelligence-enabled computer vision, machine learning and perceptive autonomy technologies for the Department of Defense and intelligence community. The company reported more tha[...]
$8.5M parcel in Spotsylvania to be used for Veterans Affairs clinic
Nearly 50 acres of land along Route 1 and Interstate 95 in Spotsylvania County has sold for $8.5 million, Cushman & Wakefield | Thalhimer announced Wednesday. The 48.75-acre parcel will be used to develop one of the nation’s largest Veterans Affairs facilities, according to Cushman & Wakefield | Thalhimer. Carneg[...]
Charlottesville construction software company acquired by Neb. firm
Omaha, Nebraska-based construction management software company Buildertrend announced Wednesday it has acquired Charlottesville-based CoConstruct, a similar software company. Financial terms of the transaction were not disclosed, but the two businesses in 2020 served a combined 23,000 clients and more than 1.1 million users, representing more than $200 billion in annual construction projects. The transaction creates […][...]
Va. saw nearly 20% drop in initial jobless claims last week
Initial jobless claims filed last week fell 19.8% from the previous week, according to figures released Thursday by the Virginia Employment Commission but continued claims slightly increased. During the week ending Feb. 20, 11,944 Virginians filed initial unemployment claims, compared to 14,901 from the week prior. Last week, [...]
Booz Allen wins $190M contract from Navy
McLean-based Booz Allen Hamilton has been awarded a five-year $190 million task order supporting communications, networking and computing systems for the U.S. Navy, the Department of Defense announced Tuesday. The Fortune 500 global management consulting company will receive $33.1 million up front for the first year of the contract at the Naval Information Warfare Center, […]
Hotel revenues down 27% for January
Virginia hotel revenues for January 2021 were down 27% compared with January 2020, continuing the industry’s slow climb back to recovering from the economic impact of the coronavirus pandemic, according to data released Thursday from STR Inc., a CoStar Group division that provides market data on the U.S. hospitality industry. For the same period, rooms […]
Va. GOP to hold May 8 “drive-in” convention, possibly in Lynchburg
After months of discussion and indecision, the Republican Party of Virginia’s State Central Committee elected Tuesday night to hold a May 8 “drive-in” convention — possibly around Liberty University in Lynchburg — to choose its 2021 statewide nominees for governor, attorney general and lieutenant governor. The state GOP committee conducted a three-hour, occasionally contentious public […][...]
MicroStrategy buys $1B+ in bitcoin
Tysons-based business software company MicroStrategy Inc. announced Wednesday that it has purchased $1.026 billion of additional bitcoin, its largest single bitcoin purchase since it began acquiring the cryptocurrency last August. With this latest transaction, MicroStrategy’s total bitcoin holdings are worth approximately [...]
CGI Inc. awarded $137M contract to overhaul Va. procurement system
Global IT company CGI Inc., which has its U.S. headquarters in Fairfax, announced Tuesday it has been awarded a $137.8 million contract by the Virginia Department of General Services (DGS) to support “transformational enhancements” to the state government’s eVA online procurement system. eVA provides a centralized, online purchasing hub for state and local agencies to […]
HRBT tunnel boring machine’s name will be ‘Mary’
Chosen from several entries submitted by Hampton Roads area middle school students, the massive underwater tunnel boring machine (TBM) that arrives later this year to dig new tunnels for the $3.8 billion Hampton Roads Bridge-Tunnel expansion project will be named Mary, in honor of Mary Winston Jackson, a NASA scientist depicted [...]
Textiles startup opening Buchanan County sewing factory
Local textiles manufacturing startup Maine Five is opening a sewing factory at Buchanan County’s Council Industrial Park building. Investing $350,000 in the 17,211-square-foot factory space, the company is immediately hiring 12 workers and has plans to employ to 100 total workers by 2026. Founded in 2020, Maine Five manufa[...]
UPDATED: Richmond now has six major casino proposals
Updated Feb. 26 The city of Richmond is now considering six casino proposals, the mayor’s office announced Friday. Monday afternoon was the city’s deadline for its request for proposals, and all six submitted were deemed eligible. Starting next month, Richmond will hold public meetings with opportunities for citizen [...]
