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Statewide hotel revenues continue to lag 2019
Hotel revenues in Virginia for the first half of 2022 continued to lag behind 2019, and reduced business travel is still the culprit. That’s according to data released this week from STR Inc., a division of CoStar Group Inc. that provides market data on the U.S. hospitality industry. Hotel rooms sold decreased by 4.6% in [...]
Akima wins $109M Air Force flight training contract
Herndon-based Akima Logistics Services has received a 10-year, $109.7 million contract to support training squadrons at the U.S. Air Force Academy in Colorado Springs. Under the contract, Akima will provide organizational and depot maintenance and provide sortie support, scheduling, maintenance and aircraft recovery for flight, [...]
Leidos receives $291M Navy contract
Reston-based Fortune 500 contractor Leidos has received a $291 million follow-on contract for work with the Navy’s Program Executive Offices’ Integrated Warfare Systems directorate, according to a news release. The single award, cost-plus-fixed-free contract includes a one-year base period with a four additional one-[...]
Newport News Shipbuilding promotes three execs
Newport News Shipbuilding has announced several leadership changes as the shipyard attempts to optimize and speed operations. Matt Needy is now vice president and chief transformation officer, after previously serving as vice president of Navy programs. In his new role, Needy is responsible for executing Newport News’ stra[...]
HeadWaters temporary casino changes course in Norfolk
HeadWaters Resort & Casino, the Pamunkey Indian Tribe’s $500 million gaming project planned for Norfolk, announced Wednesday it is abandoning its temporary casino plans at Harbor Park, instead locating the facility on the same property as the permanent casino. “Issues were recently raised about the address of the[...]
Former Va. finance secretary Layne named port authority chair
Former state finance and transportation secretary Aubrey L. Layne Jr. has been named chair of the Virginia Port Authority’s Board of Commissioners, the Port of Virginia’s administrative body announced Wednesday. Layne is a veteran of Virginia government, having served as secretary of finance under Gov. Ralph Northam [...]
Volkswagen names new president, CEO of Americas Group
Volkswagen is shaking up leadership in the Americas as it launches a new company focusing on electric pickups and sport utility vehicles after acquiring the iconic Scout ATV brand. Scott Keogh, who has led Herndon-based Volkswagen Group of America as president and CEO and the Volkswagen North American Region since 2018, will bec[...]
ODU names new chief marketing officer and VP
Old Dominion University has named Jaime L. Hunt to serve as in the newly created roles of vice president of university communications and chief marketing officer. The university announced the hire Wednesday. Hunt has worked since September 2020 as vice president and chief marketing and communications officer at Miami University[...]
EY names eight Virginians mid-Atlantic entrepreneurs of year
Eight leaders from six Virginia businesses have been named winners of Ernst & Young LLP’s Mid-Atlantic Entrepreneur of the Year Award for 2022. The winners, named in early July by the Big Four multinational professional services company, include: 10Pearls | Imran Aftab, co-founder and CEO, Vienna Aireon LLC | Don Thom[...]
ODU, EVMS merger possibility arises with new officer hire
A high-profile hire announced Tuesday by Old Dominion University has raised questions about the possibility of a formal merger with Eastern Virginia Medical School, although statements from the two Hampton Roads educational institutions say it’s “premature” to respond to questions about the prospect. Dr. Alicia[...]
Richmond’s Maymont wins $8M tourism grant
Updated July 20, 2022 Maymont Foundation, which maintains and runs Richmond’s Maymont park, was awarded an $8 million federal grant Tuesday to promote regional tourism, the U.S. Department of Commerce‘s Economic Development Administration announced. With an additional $2 million in matching funds from the foundation,[...]
GDIT receives $908M contract
Falls Church-based federal contractor General Dynamics Information Technology Inc. has been awarded a $908 million contract to support IT and network systems operated by the U.S. Air Forces in Europe. The award is for the single-award, indefinite-delivery/indefinite-quantity Europe-Wide Information Technology and Enterprise Netw[...]
