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Sep 10, 2020

Tegna raises $550M in debt financing

Tysons-based broadcast and digital media company Tegna Inc. announced Thursday it has raised $550 million in debt financing, which will go to pay outstanding debt. “With this successful offering, Tegna has reduced our overall average borrowing costs and locked in a lower fixed interest rate as we did earlier this year, further strengthening our balance […]

Sep 10, 2020

Reston contractor buys Md.-based software, systems engineering company

Reston-based government contractor Acclaim Technical Services Inc. announced Sept. 1 it has acquired Rockville, Maryland-based software and systems engineering company Global Consulting Services Inc. Terms of the transaction were not disclosed.  Founded in 2015, Global Consulting Services’ 30 employees support multiple contracts working on development, engineering and testing of mission critical systems for Intelligence Community [&h[...]

Sep 10, 2020

Arlington cybersecurity firm buys Tysons software company

Arlington-based cybersecurity company ThreatConnect Inc. announced Thursday it has acquired Tysons-based software company Nehemiah Security, which quantifies cybersecurity risks for customers.  ThreatConnect did not disclose a transaction price, but through its purchaser entity, NS Holdings LLC, it “acquired substantially all of the assets and assumed selected liabilities of Nehemiah,” according to a company statement. The [&hellip[...]

Continued claims map courtesy Virginia Employment Commission. Green areas have 500 or fewer claims, yellow areas have between 500 and 8,000 claims and red areas have between 8,001 and 26,502 claims.
Sep 10, 2020

Va. saw slight increase in jobless claims last week

Virginia saw a slight increase in the number of initial jobless claims last week, the Virginia Employment Commission reported Thursday — bringing the total number of initial claims filed since mid-March to 1.136 million, or nearly 28% of the commonwealth’s pre-pandemic payroll employment. For the week ending Sept. 5, 11,[...]

Sep 9, 2020

McLean firm wins $7.3M DARPA 5G security contract

McLean-based computer and network security company Kryptowire LLC won a four-year, $7.3 million contract to help the Defense Advanced Research Projects Agency (DARPA) conduct research and development services for 5G mobile network security, according to a Department of Defense statement released Tuesday.  Under the contract, Kryptowire will work under DARPA’s Open, Programmable, Secure 5G (OPS-5G) […][...]

Sep 9, 2020

Accenture Federal Services wins $89.5M Air Force contract

The U.S. Air Force awarded Accenture Federal Services (AFS), an Arlington-based subsidiary of Irish Fortune Global 500 company Accenture, a potential five-year, $89.5 million contract to establish a cloud-based common infrastructure for the branch’s enterprise resource planning (ERP) systems, the company announced Wednesday. Under the contract, AFS will manage the existing information technology infrastructure and […][...]

Sep 9, 2020

12 Va. companies join VEDP’s export trade program

The Virginia Economic Development Partnership (VEDP) announced Wednesday that 12 companies were accepted into its two-year Virginia Leaders in Export Trade (VALET) program, which helps companies work on international exporting growth strategies. The VALET program helps Virginia companies to establish domestic operations for exports and encourages using international exporting as a growth strategy. During the […][...]

Sep 8, 2020

Northrop Grumman secures first phase of $85B Air Force ICBM contract

The U.S. Air Force awarded the first $13.3 billion phase of an expected $85 billion Ground-Based Strategic Deterrent (GBSD) contract to Falls Church-based Fortune 500 defense contractor Northrop Grumman Corp., the company announced Tuesday. Under the $13.3 billion engineering and manufacturing development (EMD) phase of the Ground Based Strategic Deterrent (GBSD) program awarded Tuesday, Northrop […][...]

Sep 8, 2020

Universal Corp. to acquire dehydrated foods company for $170M

Richmond-based international tobacco leaf supply company Universal Corp. announced Tuesday it has entered into a definitive agreement to acquire Momence, Illinois-based dehydrated vegetable, fruit and herb processing company Silva International for $170 million in cash. Following the transaction, Silva will operate as part of Universal’s plant-based ingredients platform, which includes FruitSmart Inc. (which Universal acquired [&helli[...]

Virginia's Health Commissioner Dr. Norman Oliver said in an interview with WRIC that he plans to make a COVID-19 vaccine mandatory for Virginians once one becomes available. Two Republican delegates introduced legislation -- that didn't advance -- to stop that from happening. (Photo credit: Art Writ)
Sep 5, 2020

Virginians debate mandatory COVID-19 vaccinations

RICHMOND, Va. — Though the federal government is asking states to prepare for the possibility of a COVID-19 vaccine within months, some Virginians differ on whether the vaccine should be mandatory when it becomes available. Virginia Freedom Keepers, a nonprofit that advocates for medical freedom, gathered in Richmond this [...]

Sep 4, 2020

Dominion seeks to keep North Anna nuclear plant operating into 2060

Richmond-based Dominion Energy has filed an application with the Nuclear Regulatory Commission to renew the operating license for its North Anna nuclear power station for an additional 20 years. In operation since 1978 and 1980, North Anna’s two reactor units are currently licensed to operate until 2038 and 2040. The renewal would have the reactor […]

Sep 3, 2020

U.S. nonresidential construction spending fell in July

National nonresidential construction spending fell again in July by 1.2%, according to an Associated Builders and Contractors analysis of data published Tuesday by the U.S. Census Bureau. And ABC Chief Economist Anirban Basu says next year is shaping up to be an especially harsh one for contractors. Spending totaled $809.1 billion for the month of […]

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