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Smithfield Foods gifts $300K to Hampton Roads Workforce Council
Smithfield Foods Inc., the world’s largest pork processor and hog producer, announced Tuesday it has donated $300,000 to the Hampton Roads Workforce Council (HRWC), a nonprofit that develops workforce policy and initiatives in Southeastern Virginia. The donation will support the HRWC’s new Veterans Employment Center in Newport News. The center will provide resources and coaching […]
The Hilb Group acquires New York-based insurance company
Henrico County-based insurance company The Hilb Group LLC (THG) announced Tuesday it has acquired Auburn, New York-based insurance company Moran, Moran, & Dauphin Inc. (MMDI), effective Nov. 1. Financial details of the acquisition were not disclosed. Founded in 2006, MMDI provides property and casualty (P&C) insurance products. As part of the transaction, the MMDI leadership […]
Leidos wins $64M FAA contract
The Federal Aviation Administration has awarded Reston-based Fortune 500 government contractor Leidos Holdings Inc. a $64 million contract to develop the Operational Analysis and Reporting System (OARS), a safety analysis tool. OARS will support the FAA’s Air Traffic Organization (ATO) Safety Management System though defining, identifying, assessing, treating and tracking safety risk mitigation. Leidos will […][...]
Richmond extends deadline for second small business grant fund
The city of Richmond announced Monday it has extended the deadline for its Richmond Recovers II Grant Program through Dec. 18. The program will provide applicants with grants of $15,000 for COVID-19 pandemic relief and will be funded with $2 million from the city’s CARES Act appropriation. Small businesses other than restaurants, retail and beverage […]
Reston telemed company announces leadership changes
Reston-based telemedicine technology provider SOC Telemed on Monday announced executive leadership appointments and promotions, effective Jan. 4. Hai Tran, who currently serves as chief financial officer and chief operating officer, has been promoted to serve as president and COO. Chris Knibb will join the company as its new CFO. With more than 20 years of […]
U.Va. Darden’s Beardsley recognized as ‘Dean of the Year’ by Poets & Quants
The University of Virginia Darden School of Business announced Monday that Dean Scott Beardsley was named “Dean of the Year” by Poets & Quants, an online publication and forum dedicated to business schools. Poets & Quants recognized Beardsley’s flexible approach to the application process during the pandemic, as we[...]
Wise County is first to receive Starlink internet in Va.
Wise County Public Schools announced Monday it is the first school district in Virginia to use SpaceX’s Starlink satellite internet constellation for high-speed internet. Founded by Elon Musk, aerospace company SpaceX designs, manufactures and launches spacecraft and is working to deploy its Starlink system, a constellation of[...]
Va. hospital systems begin receiving COVID vaccine shipments
Sentara Healthcare and Bon Secours Health System received portions of the state’s first shipment of Pfizer Inc.’s COVID-19 vaccine Monday, and other health systems in the state are anticipating delivery later today or Tuesday. Vaccinations are expected to begin for health care workers by Wednesday, according to hospi[...]
Three Hampton Roads community colleges announce job training collaboration
The new Community College Workforce Cooperative (CCWC), a collaboration among three Hampton Roads community colleges, will create a single point of contact for accessing workforce training resources, Virginia Community Colleges (VCCS) Chancellor Glenn DuBois announced Monday. Paul D. Camp, Thomas Nelson and Tidewater community colleges will work together to meet large-scale job training needs for […][...]
Perspecta wins $112M Space Development Agency contract
Chantilly-based federal contractor Perspecta Inc. announced Monday that it has received a potential five-year, $112 million contract to perform systems engineering and integration (SE&I) work for the newly established Space Development Agency (SDA). Work on the project started in late October under an initial $17.8 million task order. Under the contract, Perspecta engineers and architects […][...]
Reston IT company acquires cybersecurity firm
Reston-based information technology company Intelligent Waves LLC announced Monday it has acquired Maryland-based cybersecurity firm Ski Systems Inc. Financial terms of the transaction were not disclosed. Through the acquisition, Intelligent Waves will gain cybersecurity compliance expertise. Intelligent Waves is a service-disabled veteran-owned small business that was founded in 2006 by Jared Shepard, who served in […][...]
MicroStrategy raises $650M to be invested in bitcoin
Tysons-based business software company MicroStrategy Inc. announced Friday it closed a convertible debt offering by raising $650 million, which it plans to use to increase its bitcoin holdings. MicroStrategy estimates the net proceeds from the notes sale will be approximately $634.9 million, which it will invest in bitcoin, according to a company statement. The initial […]
