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HII receives $826M defense contract
Newport News-based Huntington Ingalls Industries will provide technology and other support to the Department of Defense under a $826 million contract. According to a news release, HII’s McLean-based mission technologies division will also provide threat analysis and analytics support as well as operations integration and operational effects support. The work will support Defense Department service […][...]
Northrop Grumman receives $3.3B missile defense contract
Falls Church-based Northrop Grumman Corp. has received a contract worth nearly $3.3 billion from the Missile Defense Agency to help defend the homeland from ballistic missile threats. The Fortune 500 aerospace and defense contractor will design, develop and sustain new capabilities for the next Ground-based Midcourse Defense Wea[...]
Albemarle retail building sells for $2.3M
Woodhaven Development Group LLC purchased a 3,204-square-foot retail building in Albemarle County from First Citizens Bank & Trust Co. for $2.3 million. The property is located at 1815 Fortune Park Road in Albemarle and will be redeveloped. The building is on 1.35 acres of land off U.S. Route 29 near the Charlottesville-Albe[...]
Virginia companies weigh office returns
Many companies in Virginia are taking a flexible approach on whether employees must return to work in offices or continue working remotely or via hybrid models. For instance, Capital One Financial Corp., the McLean-based credit card company, is planning to reopen its U.S. offices in a hybrid model on Sept. 6. Capital One delayed[...]
Guardians of the treasury
How’s this for an anxiety recipe? Serious supply-chain woes. A worsening labor shortage. Historic inflation. Rising lending rates. Soaring fuel and energy costs. An exceptionally volatile stock market. Growing cybersecurity threats. Global instability. Oh, and the pandemic that started more than two years ago is still with us.[...]
Growth industry
When manufacturers thinking about setting up shop in Southern Virginia visit Pittsylvania County, the county’s economic development director, Matt Rowe, doesn’t just show off expansive, shovel-ready industrial sites. He also touts the region’s workforce, which includes many workers with advanced manufacturing skill sets. E[...]
‘Just when I thought I was out’
Virginia Business’ 2022 Virginia CFO of the Year award winners represent large and small businesses and large and small nonprofits. Large nonprofit | Hossein Sadid, CFO and deputy director for finance and administration Virginia Museum of Fine Arts, Richmond After a couple of failed attempts, Hossein Sadid finally retire[...]
Broadened horizons
Virginia Business’ 2022 Virginia CFO of the Year award winners represent large and small businesses and large and small nonprofits. Large business | Sal Mancuso, executive vice president and CFO Altria Group Inc., Henrico County A first-generation college graduate whose father immigrated to this country from Sicily, Ital[...]
Work it out
The Virginia Community College System is experiencing what one top official describes as a “tectonic shift.” Although transfer programs to four-year colleges still account for the largest enrollment demand in community colleges, fewer students are interested in academic programs that can provide transfer credits to a four-ye[...]
On a mission
Virginia Business’ 2022 Virginia CFO of the Year award winners represent large and small businesses and large and small nonprofits. Small nonprofit | David Argabright, CFO Feeding Southwest Virginia, Salem David Argabright’s background in construction came in handy when Feeding Southwest Virginia opened its Community S[...]
Future shock
As companies across Virginia continue to adjust to workplace changes created by the COVID-19 pandemic, many human resources managers say one thing is clear: The way people work has changed for good. “This is a new work environment — the workplace has changed now,” says Kirstin Shelton, vice president of human resources for[...]
‘A seat at the table’
Virginia Business’ 2022 Virginia CFO of the Year award winners represent large and small businesses and large and small nonprofits. Small business | Cynthia Macturk, CFO Fahrenheit Advisors, Richmond When Cynthia Macturk wants to consult with professional peers, she doesn’t have to go far. “Here, I have an entire in-[...]
