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Roanoke-based TMEIC Corp. Americas buys Spanish division
The Roanoke-based subsidiary of crane automator Toshiba Mitsubishi-Electric Industrial Systems Corp. has completed the acquisition of Spanish maritime terminal business Orbita Ingeniería S.L.’s ports and terminals division, as of April 1. The companies did not divulge financial details. The acquisition was completed throu[...]
Norfolk cement company to invest $37M in new dome
Norfolk-based Titan America LLC, a producer of heavy building materials, announced last week it will construct a 70,000-ton dome in Chesapeake, a project estimated to cost $37 million. Titan will build the dome to hold bulk storage, adding to its current 35,000-ton capacity at its Roanoke Cement import terminal. According to the company, the expansion […]
GMU names new business school dean
George Mason University has named a new dean to lead its business school. Ajay Vinzé will start July 1. He served as dean of the University of Missouri’s Trulaske College of Business from 2017 until recently, after he decided to step down to return to teaching and research, according to the university’s website. He [...]
Fluence to acquire renewable energy SaaS company
Arlington-based energy storage and digital application company Fluence Energy Inc. announced Monday that it has entered into an agreement to acquire Nispera AG. Nispera is a Zurich-based artificial intelligence and machine learning-enabled software-as-a-service company that targets the renewable energy sector. It helps clients m[...]
DNA lab capacity expansion to bring 70 more jobs to Fairfax
Lorton-based forensic DNA testing company Bode Technology will invest $2 million to expand its DNA testing lab capacity in Fairfax County, a project expected to create more than 70 jobs, Gov. Glenn Youngkin announced Monday. The company will reconfigure about 5,000 square feet of its lab and add laboratory benches and robotics t[...]
Bon Secours medical center in Chesterfield County to expand
Bon Secours St. Francis Medical Center in Chesterfield County, near Midlothian, will undergo a $108 million renovation and expansion and Skanska USA will do the work on it. The construction will include renovations to existing spaces and adding two floors above the existing surgical department on the second floor, according to S[...]
Military contractor to add hundreds of jobs in Norfolk
Fairfax-based military contractor WR Systems will expand its Norfolk campus, Norfolk Mayor Kenneth Cooper Alexander announced at the city’s annual State of the City address on Thursday. The Norfolk campus currently houses more than 320 employees and will add several hundred jobs, Alexander said. “In making the decisi[...]
Metro releases 10-year strategic plan for development
The Washington Metropolitan Area Transit Authority, which runs Metrorail and Metrobus, released its first-ever strategic plan for joint development on Thursday, announcing an ambitious initiative to bring in 26,000 new housing units in Virginia, Maryland and Washington, D.C. The document says that 40 Metro stations — including[...]
Northrop Grumman awarded nearly $200M in DOD contracts
Falls Church-based Fortune 500 defense contractor Northrop Grumman Corp. has been awarded two contracts worth nearly $200 million to complete projects for the Navy, according to a March 31 Department of Defense announcement. One contract, worth more than $98 million, calls for providing materials, including sensors, assemblies and battery kits to support the Navy’s Large […]
White House taps Va. HBCU presidents for advisory board
The presidents of Virginia State University and Norfolk State University are on the list of intended appointees to the President’s Board of Advisors on Historically Black Colleges and Universities, the Biden administration announced on March 31. Virginia State University President Makola M. Abdullah, Norfolk State University P[...]
Prince William chamber leader announces retirement
Prince William Chamber of Commerce President and CEO Debbie Jones will retire at the end of the year, the organization announced Monday. Jones has served in the position since July 2014 after joining the chamber in 2010 to serve as its chief operating officer. She previously served 17 years as the president and CEO of […]
Virginians bet $402M on sports in February
Virginians bet almost $402 million in February, according to data released April 1 by the Virginia Lottery. Virginia sports bettors won more than $374 million in February. Since the state legalized sports betting in mid-January 2021, Virginia has recorded $4.1 billion in wagers. February’s gross revenue was a decrease of m[...]
