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Northrop Grumman names new defense systems president
Falls Church-based Northrop Grumman Corp.’s board of directors has appointed Roshan Roeder as corporate vice president and president of the Fortune 500 company’s defense systems sector. Roeder currently serves as vice president and general manager of the airborne multifunction sensors division within the federal cont[...]
DXC Technology receives takeover interest
Ashburn-based DXC Technology Co. has received takeover interest from at least one private equity firm and is working with advisers, Bloomberg reported Wednesday. A company spokesperson declined to confirm details about the potential takeover to Virginia Business, saying DXC doesn’t “comment on market rumor and specul[...]
Enabled Intelligence to expand, add 117 jobs
Enabled Intelligence Inc. is investing $1.4 million to expand its Falls Church headquarters, adding 117 jobs, Gov. Glenn Youngkin announced Wednesday. The company provides data-labeling services to enable artificial intelligence operations. Its expansion will add more than 10,000 square feet of classified and unclassified office space to its location at 6400 Arlington Blvd. “Accelerating the […][...]
Virginia State Bar names new exec director/COO
The former deputy executive director of the Virginia State Bar has been promoted to lead the organization responsible for the licensing of more than 50,000 lawyers in the commonwealth. Cameron M. Rountree’s appointment to the state bar’s executive director and chief operating officer was approved by the Supreme Court[...]
Apex Systems co-founder gives $500,000 to Va. Tech
Virginia Tech’s Apex Center for Entrepreneurs has received a $500,000 donation from Apex Systems co-founder Win Sheridan. A 1994 Tech graduate with bachelor’s degrees in political science and English with a minor in business administration, Sheridan made the donation to help the Apex Center engage with student entrepreneurs through programing, networking and funding, according to […][...]
Hotel revenues continue to outpace 2019, but only slightly
The commonwealth’s hotel industry is continuing its recovery, though the Northern Virginia market continues to be a drag on its performance, according to data from STR Inc., a division of CoStar Group Inc. that provides market data on the U.S. hospitality industry. The latest data show rooms sold decreased by 4.6% in Virginia through August […]
MetroStar Systems lands $155M contract from Marines
Reston-based MetroStar Systems Inc. has received a contract to provide the Marine Corps Technology Services Organization with business information systems support, the Pentagon announced Monday. The contract is a single-award, indefinite-delivery/indefinite-quantity contract with a maximum value of $155 million and a five-year ordering period. Fiscal 2022 funds totaling $5.92 million will be obligated at the […][...]
Wisconsin company to open $2M plant in Roanoke County
Osseo, Wisconsin-based North American Specialty Laminations LLC, a company that provides lamination solutions to the building products industry, will invest $2 million to open a mid-Atlantic production facility in Roanoke County, creating 44 jobs, Gov. Glenn Youngkin announced Tuesday. NASL’s 57,000-square-foot plant will be located at 5185 Benois Road. It will serve NASL customers along […][...]
Va. Tech receives record $80M grant for climate-smart farming
Virginia Tech has received a record $80 million grant from the U.S. Department of Agriculture for a pilot program that will pay farmers to add practices that could help curb greenhouse gases, the university announced Monday. The grant is the largest in the university’s history. Virginia Tech is partnering on the pilot program with Rural […]
Stratford Hills Apartments sells for $76.5M in Richmond
Stratford Hills Apartments, a 430-unit residential community in Richmond’s Chippenham Village neighborhood, sold for $76.5 million on Aug. 22, Colliers announced. West 300 North Associates LLC bought the property, located at 2517 W. Tremont Court near Chesterfield County’s Bon Air area, from Stratford Bethany LLC. Th[...]
Caroline County building sells for $3M
A 71,252-square-foot office building in Caroline County has sold for just over $3 million, Cushman & Wakefield | Thalhimer announced Sept. 5. The building, located at 24010 Partnership Blvd. in Ruther Glen, is on 47 acres. Atlantic Union Bank sold the building to Partnership Blvd Properties LLC. Will McGoogan of Cushman & Wakefield | Thalhimer […]
Lutron Electronics to build $28.3M factory in Ashland
Pennsylvania-based Lutron Electronics will invest $28.3 million to build a 145,000-square-foot manufacturing plant in Ashland, creating 200 jobs, Gov. Glenn Youngkin announced Thursday. Lutron manufactures lighting controls, automated shading solutions, and intelligent lighting fixtures for residential and commercial applications. Lutron already has a sales office and training center in Ashland located at 11520 Sunshade Lane, […][...]
