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Newport News company lands $146M Navy contract
The Naval Air Systems Command awarded Newport News-based government contractor Aery Aviation LLC a five-year, $146 million contract to design, engineer and test aircraft, the company announced Wednesday. Under the U.S. Navy contract, Aery Aviation will acquire and modify 13 aircraft, including three models of Learjet and Gulfstream IV aircraft, through design, engineering, modification and […][...]
Manchester apartment complex sells for $11.4M
An apartment complex in Richmond’s Manchester neighborhood sold for $11.4 million, CBRE announced Tuesday. The 70-unit, 61,614-square-foot apartment complex is located at 815 Perry St. Glen Allen-based real estate investment group Capital Square 1031, which originally purchased the property in 2015, sold it to Washington[...]
Chesterfield County industrial building sells for $1.144M
An industrial building in Chesterfield County’s Midlothian area sold for $1.144 million, Cushman & Wakefield | Thalhimer announced Monday. Located at 12724 Oak Lake Court, the 13,000-square-foot building sits on 1 acre. GMWTG Chesterfield LLC purchased the building from JBW Warehouses LLC for storage use. The property [...]
BWXT completes nuclear fuel line project, begins fuel production
A subsidiary of Lynchburg-based nuclear fuel supplier BWX Technologies Inc. (BWXT) announced Tuesday it has completed the TRISO (tristructural isotropic particle fuel) nuclear fuel line restart project for the U.S. Department of Energy (DOE) and is producing the fuel at its Lynchburg facility. In June, DOE’s Idaho National Laboratory awarded BWXT Nuclear Operations Group Inc. […]
Raytheon Intelligence & Space to acquire Colo.-based satellite provider
Arlington-based aerospace and defense contractor Raytheon Intelligence & Space announced Tuesday it has signed a definitive agreement to acquire Lafayette, Colorado-based Blue Canyon Technologies, a provider of small satellites and spacecraft systems components. Financial terms of the deal were not disclosed. Founded in 2008, Blue Canyon Technologies currently has more than 90 satellites in production […][...]
N.Y.-based contractor buys Ashburn tech company
Albany, New York-based tech government contractor GCOM announced Monday it has acquired Ashburn-based managed services provider 20/20 Teknology. Financial terms of the deal were not disclosed. 20/20 Teknology specializes in virtual communications, IT infrastructure and managed services, while GCOM provides digital engagement systems and government IT programs. The acquisition will expand GCOM’s offerings for its […][...]
Fl.-based private equity firm acquires Alexandria software company
Boca Raton, Florida-based private equity firm AE Industrial Partners LP announced late last week it had acquired Alexandria-based software company Linkware LLC and security and travel consulting firm Pangiam. Financial terms of the acquisitions were not disclosed. AEI will combine Linkware with Pangiam to form a travel solutions technology platform. The combined entity will operate […]
Gannett division acquired by Silicon Valley CRM developer
Silicon Valley-based customer relationship management developer SugarCRM announced late last week it had acquired New Jersey-based W-Systems, a division of McLean-based Gannett Co. Inc.’s UpCurve, which it acquired in 2019. Financial terms of the deal were not disclosed. Under the acquisition, SugarCRM will expand its implementation services for its artificial intelligence-powered sales, marketing and service […][...]
Spotify acquires Graham Holdings Co. business, Megaphone, for $235M
Music streaming giant Spotify Technology SA will acquire Arlington-based media and education conglomerate Graham Holdings Co.’s podcast technology company Megaphone for $235 million, the company announced Tuesday. Megaphone provides hosting and ad-insertion capabilities for publishers and targeted ad sales for brand partners, according to Graham Holdings Co., the family company of the late Katharine Graham, […][...]
Three Va. labs selected for OneLab Network
The state Department of General Services and Virginia Department of Health awarded three Virginia laboratories contracts to participate in the state’s new OneLab Network, aimed to expand the commonwealth’s COVID-19 testing capacity, the departments announced Tuesday. The OneLab Network, established by DGS’ Division of Cons[...]
City of Suffolk announces leadership overhaul
Following the late September resignation of former Suffolk City Manager Patrick Roberts, interim City Manager Albert Moor on Monday made several appointments to the administrative staff, including an acting deputy city manager. Suffolk City Council accepted Roberts’ resignation during a special meeting after a closed session[...]
Va. LISC, Chesterfield County announce small business relief fund
LISC Virginia and Chesterfield County announced Tuesday the launch of the $250,000 Chesterfield County Microenterprise Relief Fund, which will provide small businesses with five or fewer employees grants of up to $10,000 for COVID-19 relief. Funding can be used to pay for payroll, rent, utilities, vendor bills and other COVID-19-related expenses. Applications opened Monday at […]
