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Leidos wins $306M follow-on Army contract
The U.S. Army awarded Reston-based Fortune 500 federal contractor Leidos Holdings Inc. a $306 million follow-on contract to help the branch operate and maintain the Saturn Arch aerial platform, the company announced Monday. The Saturn Arch aerial platform works to neutralize improvised explosive devices. Under the contract, Leidos will provide ground and flight operations for […]
Va. allocates $116M CARES funding for higher ed
As public universities and medical centers have depleted previously allocated federal dollars, Gov. Ralph Northam is directing more than $116 million in federal CARES Act funding to higher education institutions in Virginia, the governor announced Tuesday. Funding will go to public universities and medical centers in support of telework, distance learning, personal protective equipment, sanitization […][...]
McLean tech company buys D.C.-based firm
McLean-based information technology company Ntiva Inc. announced Thursday it has acquired Washington, D.C.-based eGuard Technology Services. Financial terms of the transaction were not disclosed. Ntiva provides managed IT, cloud hosting, cybersecurity, communications and strategic IT consulting services, while eGuard monitors, maintains and secures customer IT infrastructures through a single point management system. “eGuard Tech has [...]
PAE to acquire Mass.-based tech company for $208M
Falls Church-based defense and government services contractor Pacific Architects and Engineers (PAE) announced Monday plans to acquire Burlington, Massachusetts-based Centra Technology Inc. for $208 million in cash. “By acquiring Centra, PAE realizes a significant milestone in the execution of our strategic growth plan to be a provider of innovative, higher margin, knowledge-based offerings in attractive, […][...]
Labor market continues recovery in mid-October
Despite ongoing pandemic struggles, the labor market continued to improve during the week ending Oct. 17, but at a slower pace than at the start of the recovery, according to Virginia Commonwealth University and Arizona State University economists. Early October saw 68.4% of working age adults employed, a more than 8% increase c[...]
N.C. furniture manufacturer to create 150 jobs in Pittsylvania
North Carolina-based Ison Furniture Manufacturing Inc. will invest $3.5 million to acquire and renovate the recently closed A.C. Furniture Co. Inc. facility in Pittsylvania County, creating 150 jobs, Gov. Ralph Northam announced Monday. Ison furniture will also purchase new assembly and production equipment for its upholstered furniture products. Its supplier, Dogwood Global LLC, will occupy […][...]
VMI superintendent resigns amid racism probe
Following Virginia Gov. Ralph Northam’s announcement of a probe into allegations of racism at Virginia Military Institute, the school’s superintendent, retired U.S. Army Gen. J.H. Binford Peay III, has resigned. In a letter dated Oct. 26, Peay said that the probe announced by Gov. Ralph Northam and other top state le[...]
Chesterfield County retail property sells for $1M
A multi-tenant retail property in Chesterfield County sold for $1 million, Cushman & Wakefield | Thalhimer announced last week. Located at 10801 Midlothian Turnpike, the 9,735-square-foot property was 100% leased at the time of the sale to Howes Car Stereo, SMG Imports and My Elite Physique, said Cushman & Wakefield | Thalhimer Senior Vice President […]
Home sales continue to surge in September
Virginia continues to see home sales surge, with a 35% increase during September, according to Virginia Realtors. Sales were up by a staggering 80% in Eastern Virginia when compared to last year. Northern Virginia saw a 37% increase, and Central Virginia saw a 24% jump. Although home sales historically slow following the summer season, the […]
Danville Community College announces Morgan Olson collaboration
Danville Community College (DCC) on Thursday announced a collaboration agreement with North America’s largest walk-in van manufacturer, Morgan Olson LLC, for training and talent development. Working with the Virginia Talent Accelerator Program and the Virginia Economic Development Partnership (VEDP), DCC and Morgan Olson devel[...]
Mt. Jackson firm buys German lab company
Mt. Jackson-based preclinical and clinical archiving company StageBio announced Tuesday it has acquired Freiburg, Germany-based TPL Path Labs. Terms of the acquisition were not disclosed. StageBio provides GLP-compliant (good laboratory practice) necropsy, histology, pathology and specimen archiving services for both preclinical and clinical research. The combined company will offer other services including histopathology, molecular p[...]
CACI wins $86.5M Homeland Security task order
The U.S. Department of Homeland Security awarded Arlington-based federal technology contractor CACI International Inc. a five-year, $86.5 million task order to analyze open-source data to prevent criminal, fraud, risk and terrorism activity. Under the task order, CACI will work to identify event patterns through data analysis approaches aimed at detecting criminal groups, conspiracies and activities […][...]
