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Leonardo DRS wins $579M Army contract
Arlington-based Leonardo DRS Inc. has received a five-year, $579 million contract to make the Army’s next-generation thermal weapons sight, the company announced Monday. The company’s electro-optical infrared systems business will produce the device — a stand-alone, clip-on weapon sight that connects wirelessly to [...]
ASGN acquires D.C. cybersecurity firm
ASGN Inc., a Glen Allen-based Fortune 1000 provider of information technology and professional staffing services, has acquired Washington, D.C.-based Iron Vine Security LLC, a cybersecurity company that works with federal clients, ASGN announced Oct. 3. Financial details have not been publicly disclosed. Iron Vine and its team o[...]
DXC in talks with Asian buyout firm
DXC Technology Co. and Baring Private Equity Asia Ltd. are in talks after the Asian buyout firm approached the Ashburn-based Fortune 500 information technology services firm with a potential takeover, Bloomberg reported Tuesday. DXC has been working with advisers after receiving interest from a private equity firm in late Septe[...]
U.S. Navy to open training center in Danville
The Navy on Wednesday launched an additive manufacturing “center of excellence” to train students in defense manufacturing at Danville’s Institute for Advanced Learning and Research, as well as announcing a larger training facility to be built nearby. The center of excellence is part of the 16-week Accelerated [...]
ManTech names new CEO, board after Carlyle buy
Now under the ownership of The Carlyle Group Inc., Herndon-based ManTech International Corp. has a new CEO and a new board of directors, the company announced Monday. Kevin Phillips will retire as CEO and president of the tech contractor and transition to chairman of the board of directors, and Chief Operating Officer Matt Tait [...]
Bowman gives $5M to Va. Tech for land development program
Reston-based Bowman Consulting Group Ltd. founder and CEO Gary Bowman committed $5 million to Virginia Tech’s College of Engineering for the expansion of sustainable land development learning initiatives, the university announced Monday. “The Bowman gift solidifies Virginia Tech as the premier undergraduate and graduate [...]
Roanoke County names economic development director
Megan Baker will be the next director of economic development in Roanoke County, the county announced Monday. Baker will start Oct. 24. She will replace Jill Loope, who announced her retirement in July. Loope will assist with Baker’s transition, then head up the tourism department in Roanoke County’s parks, recreatio[...]
Roanoke apartments sell for $14.6M
Gramercy Row Apartment Residences has a new owner. Tazewell Development LLC sold the 82-unit apartment community with ground floor commercial space in downtown Roanoke to a private investor group for $14.6 million on Sept. 22, according to Cushman & Wakefield | Thalhimer. The apartments, built in 2017, are located at 206 W[...]
Industrial property in Richmond sells for $3.7M
Warwick Trade Center, a 38,056-square-foot flex industrial property in south Richmond, has been sold for $3.7 million, according to Cushman & Wakefield | Thalhimer. CIG 6290 RFO LLC, an affiliate of Cohen Investment Group, sold the property to Standard Properties Inc. on Sept. 27. Located at 6290 Old Warwick Road, the proper[...]
Danville Quality Inn sells for nearly $5M
A Quality Inn hotel in Danville with 58 rooms has changed hands. Anil Patel purchased the hotel located at 2175 Riverside Drive in Danville from Riverside Motel Corp. for $4.275 million, according to Colliers. The new owner expects to continue operating the hotel as a Quality Inn under a license from Choice Hotels. Prashant Merc[...]
Roanoke Days Inn sells for $3M
A Roanoke Days Inn has a new owner. Saul Urban LLC purchased the 165-room hotel, located at 601 Orange Ave., from Shri Sainath Enterprises LLC for $3 million, according to Colliers. The new owner is planning a comprehensive renovation of the property and is exploring alternative uses. Prashant Merchant and Nic Wade, both of Coll[...]
Zebox opens U.S. incubator in Arlington
ElectroTempo Inc. CEO and co-founder Ann Xu wants her company’s software to reach 70% of the United States by 2027. Founded in 2020, Electro Tempo provides analytics and tools to help vehicle fleets, utilities and governments optimize the size and location of electric vehicle-charging infrastructure. The company took a step to[...]
