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GDIT wins $518M Army contract
Falls Church-based General Dynamics Information Technology Inc. (GDIT) won a $518 million task order from the U.S. Army Communications Electronics Command (CECOM), the company announced Monday. Under the Worldwide Field Support task order, the Fortune 500 General Dynamics Corp. subsidiary will provide logistics, sustainment and maintenance services for joint U.S. and coalition forces in the […][...]
Va. Senate committee rejects former EPA chief for Cabinet
The Virginia Senate Privileges and Elections Committee voted 9-6 Tuesday against confirming former Environmental Protection Agency Administrator Andrew Wheeler, Gov. Glenn Youngkin’s appointment for state secretary of natural and historic resources. The vote does not eliminate Wheeler’s chances of confirmation. Young[...]
J.B. Hunt to acquire Bassett Furniture subsidiary for $87M
A subsidiary of Lowell, Arkansas-based transportation company J.B. Hunt Transport Services Inc. has entered into a definitive agreement to acquire a subsidiary of Bassett-based home furniture manufacturer and marketer Bassett Furniture Industries Inc. for $87 million, the companies announced Monday. J.B. Hunt Transport Services&[...]
Va. CEOs expect sales to increase despite omicron effects
About 84% of CEOs reported an impact on their businesses from the omicron variant of COVID-19, but almost 60% expect sales to increase over the next six months, according to the fourth quarter CEO Economic Outlook survey conducted by the University of Richmond’s Robins School of Business and the Virginia Council of CEOs (V[...]
Prince William data center sells for $222.5M
Columbia, Maryland-based Corporate Office Properties Trust (COPT) sold DC-6, a data center in Prince William County, for $222.5 million to Cloud Capital, an affiliate company of Washington, D.C.-based CloudHQ, COPT announced Jan. 25. The data center, which was built in 2009, is located at 9651 Hornbaker Road and has 100,000 square feet in raised floor […]
DEI openers
Every movement has its moment. And now appears to be the moment for diversity, equity and inclusion officers in C-suites, academia and government. Black Lives Matters protests sparked by the police killing of George Floyd in May 2020 broadened awareness of race-based inequities that exist in the United States, including inequali[...]
The Visionary
The online version of this article includes additional material from Virginia Business’ interview with Pharrell Williams. Pharrell Williams is a 13-time Grammy winner, an Oscar nominee, a fashion designer, a film producer, a music superstar and innovator. He’s also a native Virginian — a point that comes across s[...]
Glavé & Holmes Architecture names first female president
Lori Garrett has been named president of Richmond-based Glavé & Holmes Architecture, the company announced Tuesday. She is the first female president of the firm, which was founded in 1965. Garrett succeeds Randy Holmes, who was the firm’s president for 21 years. He will continue to serve as a senior principal. “Lor[...]
Va. bills advance to halt minimum wage increases
RICHMOND, Va. – Two bills introduced by Republicans to halt future minimum wage increases have advanced to the House floor. Minimum wage in Virginia increased to $11 an hour on Jan. 1 and is set to increase to $12 next January. The House Commerce and Energy committee approved House Bill 320, introduced by Del. Nicholas [&helli[...]
HII names new president and CEO
Christopher D. Kastner will become president and CEO of Newport News-based Huntington Ingalls Industries, the nation’s largest military shipbuilder, on March 1. Mike Petters, who has served as the Fortune 500 company’s president and CEO since Northrop Grumman Corp. spun off its shipbuilding division in 2011, will bec[...]
Hilb Group founder to lead acquisitions for Virginia Beach firm
Robert “Bob” Hilb will lead mergers and acquisitions at Virginia Beach-based insurance agency Choice Financial Group and continue to serve as a senior adviser and board member, the company announced Wednesday. “Bob’s experience and knowledge assisted my agency in achieving 700% growth from 2018 to 2021,” Richard Br[...]
Port of Va. had $100B+ economic impact in FY21
Amid some of the toughest months of the pandemic, the Port of Virginia set cargo records, processing more than 3.2 million TEUs (20-foot equivalent units) for the fiscal year ending June 30, 2021, and generating more than $100.1 billion in ancillary economic impact, according to the port’s fiscal 2021 economic impact repor[...]
