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Industrial building in Chesterfield County sells for $2.05M
An industrial building in Midlothian (part of Chesterfield County) sold for $2.05 million, Cushman & Wakefield | Thalhimer announced Monday. Located at 12700 Oak Lake Court, the 20,000-square-foot building sits on 1.84 acres. Conn-One LLC purchased the building from SMW Warehouses LLC for storage use. The property was most[...]
ManTech lands $85M Navy contract
Herndon-based ManTech, a technology contractor for U.S. defense, intelligence and federal civilian agencies, announced Thursday it has been awarded an $85 million contract to manage the Operational Test Program Set (OTPS) used by Naval Surface Warfare Center (NSWC) Crane Division. The OTPS is used by the NSWC to ensure advanced weapon systems’ reliability and maintenance […]
Leidos wins $75M contract to support cloud-based HR system
The Office of the Under Secretary of Defense for Personnel and Readiness awarded Reston-based Fortune 500 federal contractor Leidos Holdings Inc. a $75 million contract to provide services and support for the Defense Civilian Human Resource Management System (DCHRMS), the company announced Thursday. Leidos will provide technical services and support for the cloud-based human resources […]
Northrop Grumman wins $91M contract to produce aircraft tech
Falls Church-based Fortune 100 defense contractor Northrop Grumman Corp. announced Thursday it has won a $91 million contract to produce AN/APR-39D(V)2 digital radar warning receivers (RWR), which protect rotary and fixed-wing aircraft from modern radio frequency (RF) threats, according to the company. RWRs are small, lightweigh[...]
Northam introduces $30M workforce training program
For those whose employment has been impacted by the pandemic, Gov. Ralph Northam announced Friday that he is directing $30 million in federal CARES Act funding to workforce training programs in high-demand fields. The Re-Employing Virginians (REV) initiative will provide scholarships for people to enroll in a workforce or community college program in the health […]
SAIC wins $737M Air Force contract
The U.S. Air Force awarded Reston-based Fortune 500 defense contractor Science Applications International Corp. (SAIC) a $737 million contract to implement, integrate and develop modeling and simulation (M&S), training and analysis standards for the Air Force, Department of Defense and other organizations, the company announced Thursday. “The Air Force and DOD rely on M&S for […]
Parsons Corp. to acquire Colo.-based tech firm for $300M
Centreville-based defense contractor Parsons Corp. announced Thursday that it has entered into a definitive agreement to acquire Colorado Springs, Colorado-based Braxton Science & Technology Group LLC (BSTG) and its subsidiaries for $300 million. BSTG provides services for satellite operations, ground system automation, flight dynamics and spacecraft and antenna simulation for the U.S. Department of Defense […][...]
Revalation Vineyards toasts $2.3M winery expansion
Gov. Ralph Northam announced Thursday that Revalation Vineyards will invest more than $2.3 million in an expansion, building a wine production facility, tasting room and event space in Madison County. The expansion will create five jobs. Home to 312 wineries, Virginia is the sixth-largest wine region in the United States, according to Northam’s office. The […]
Perspecta locks down $519M in classified programs
Chantilly-based federal contractor Perspecta Inc. announced Thursday it has been awarded multiple classified programs worth a total value of more than $519 million to provide mission support to U.S. government customers. Perspecta will provide services including high-end systems engineering and integration, data analytics, cybersecurity, cloud/IT services and software development, according to a company statement. “At […][...]
VMI votes to remove Stonewall Jackson statue
On Thursday Virginia Military Institute’s Board of Visitors voted unanimously to remove the statue of Confederate Gen. Stonewall Jackson amid a state probe into reports of a culture of racism at the state-supported university. According to a statement from Bill Wyatt, VMI spokesman, the board “took bold and unanimous act[...]
Initial jobless claims on the rise again
The number of initial jobless claims in Virginia rose by 8.7% last week, the Virginia Employment Commission reported Thursday. For the week ending Oct. 24, 12,352 Virginians filed initial claims for unemployment, an increase of 987 from the previous week — rising to its highest level since mid-August, according to the VEC. Continued claims dropped […]
Va. Beach defense contractor wins $229.4M Navy contract
The U.S. Navy awarded Virginia Beach-based QED Systems Inc. a potential three-year, $229.4 million contract to help the branch develop specifications and implement an availability strategy for multiple naval ship classes, the U.S. Department of Defense announced Wednesday. QED Systems will perform support work referred to as “third party planning services” for the Navy’s guided-missile […][...]
