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AeroVironment completes $4.1B acqusition of BlueHalo
Arlington County-based defense contractor AeroVironment on Thursday announced that it had successfully completed its $4.1 billion acquisition of Arlington aerospace and defense tech firm BlueHalo.
Northern Virginia business leaders’ confidence drops in Q2
Business confidence in Northern Virginia declined in Q2 2025, with leaders citing federal layoffs, inflation and supply chain issues, a new survey shows.
Spire sells maritime business for $241M to Kpler
Vienna-based Spire Global announced last week that it completed its roughly $241 million sale of its maritime business to Belgian data and analytics company Kpler — bringing an end to a legal spat that arose when Kpler initially didn’t go through with the previously announced purchase.
Big Lots reopening 10 stores in Virginia
Big Lots returns with 132 store reopenings across 14 states in May, including stores in Chesapeake, Chester, Fredericksburg, Front Royal, Martinsville, North Chesterfield, North Prince George, Waynesboro, Winchester and Yorktown.
LS GreenLink breaks ground on $700M tallest structure in Virginia
LS GreenLink USA on Monday broke ground on the tallest structure in Virginia. Gov. Glenn Youngkin, Sen. Tim Kaine and several Chesapeake officials gathered at 1213 Victory Blvd. in Chesapeake to kickstart the construction of the company’s more than $680 million offshore wind subsea cable manufacturing facility, the first of it[...]
Hitachi Energy to invest $22.5M in SWVA expansion, creating 120 jobs
Hitachi Energy will invest $22.5M to expand its Bland facility and open a new warehouse in Atkins, creating 120 jobs and boosting production capacity.
Cvent acquires California tech company Prismm
Tysons-based global event marketing and management company Cvent announced Thursday it has acquired Mill Valley, California-based spatial event design technology provider Prismm.
19 Virginians are finalists for EY Mid-Atlantic Entrepreneur of the Year
Nineteen Virginia entrepreneurs are finalists for EY’s 2025 Mid-Atlantic Entrepreneur of the Year award, with winners to be announced June 18.
Sentara College of Health Sciences ends degree programs
Chesapeake-based Sentara College of Health Sciences announced last week that it will stop offering nursing and non-nursing degree programs and will move those courses to state and regional universities. The 130-year-old school also will pause admissions and evaluate its non-degree offerings, according to President Angela Taylor[...]
Krispy Kreme investor to acquire Roanoke’s Shenandoah Life in deal
JAB Holding Co., the Luxembourg-based holding company that owns a majority stake in Krispy Kreme doughnuts, plans to pay $3.1 billion to buy Prosperity Life Group, parent company of Roanoke-based Shenandoah Life Insurance, according to a filing made last month with the State Corporation Commission. Applications for approval of a[...]
Electra raises $115M to build ultra-short aircraft
Manassas-based aviation startup Electra.aero announced Monday it has secured $115 million in Series B funding to enter pre-production and certification phase of its EL9 model, a hybrid ultra-short aircraft that can take off and land in 150 feet. The round was led by Prysm Capital, a New Jersey-headquartered growth equity firm. P[...]
ODU breaks ground on $25M Barry Art Museum expansion
The Barry Art Museum at Old Dominion University in Norfolk is undergoing a massive $25 million expansion that will double its gallery space. ODU last week broke ground on the project, which will add a 25,200-square-foot, three-story wing that includes a multiuse event space, a new media video gallery showcasing multimedia artwor[...]
