Please ensure Javascript is enabled for purposes of website accessibility

News

Green M109A7 self-propelled howitzer on a gravel road at dusk.
Aug 2, 2024

BAE Systems receives $493M Army contract

Falls Church-based BAE Systems Inc. has received a $493 million U.S. Army contract to produce M109A7 self-propelled howitzers and M992A3 ammunition carriers, the U.S. arm of British defense giant BAE Systems plc announced Aug. 2. The contract’s production and deliveries are scheduled between August 2025 and July 2026. The M109[...]

Arial shot of a manufacturing plant.
Aug 1, 2024

Solar startup moving into Bedford plant, creating 104 jobs

Solar energy startup Solarix plans to invest $63 million to start a solar module manufacturing facility in eastern Bedford County and create 104 jobs, the company, the Lynchburg Regional Business Alliance and the Bedford County Office of Economic Development announced Thursday.  Solarix, which bills itself as a 100% American-ow[...]

Aug 1, 2024

Virginia Credit Union-Member One merger approved

Virginia Credit Union’s merger with Roanoke-based Member One Federal Credit Union was finalized Thursday, following a vote by Member One’s customers to approve the deal announced in January. Effective Thursday, Member One becomes a division of VACU “as the organization works toward full integration of its syste[...]

BridgeTower Media logo
Jul 31, 2024

Transom Capital-backed BridgeTower Media acquires Virginia Business to cover nation’s “Top State for Business”

LOS ANGELES and GREENSBORO, NC — BridgeTower Media, the authoritative source for business insights, data-driven marketing solutions and events across more than 40 media and research brands, is acquiring Virginia Business. Virginia Business is the only publication dedicated to covering economic activity in every sector and ever[...]

Jul 31, 2024

Boeing names Ortberg as new president and CEO

Updated Aug. 1 Boeing’s board of directors announced Wednesday that Robert K. “Kelly” Ortberg will be its next president and CEO effective Aug. 8, succeeding Dave Calhoun, who previously announced his intention to step down after a turbulent, nearly four-year tenure as the Arlington County Fortune 500 aerospace[...]

Jul 30, 2024

Appeals court reverses $2B judgment for Appian

The corporate espionage civil case between rivals Appian and Pegasystems is heading back to court, the Virginia Court of Appeals ruled Tuesday. The three-judge panel ordered a new trial, saying that Appian was improperly relieved of the burden of proving that Pega financially benefited from misappropriating Appian’s trade [...]

Jul 30, 2024

Leidos wins $823M task order

The U.S. Defense Information Systems Agency (DISA) has awarded Leidos an $823 million task order to provide operations and sustainment for the Department of Defense Network program (DoDNet), the Reston-based Fortune 500 federal contractor announced Monday. In 2022, DISA, which provides information technology and communications s[...]

Jul 29, 2024

Raytheon gets $325M boost to StormBreaker contract

The U.S. Department of Defense has increased the ceiling of an existing U.S. Air Force contract held by Arlington County’s Raytheon, a subsidiary of Fortune 500 defense contractor RTX, by $325 million, the Department of Defense announced Friday.  The contract, under which Raytheon is producing StormBreaker Increment II small-diameter glide bombs for fighter jets, has been […]

Logo
Jul 29, 2024

Herndon’s Akima wins $480M Space Force contract

The U.S. Department of Defense has awarded Five Rivers Analytics, a subsidiary of Herndon-based government contractor Akima, an indefinite-delivery, indefinite-quantity contract worth up to $480 million over 10 years, Akima announced last week. Based in Colorado, Five Rivers Analytics provides classified IT and mission support s[...]

Large facility.
Jul 29, 2024

DataBank to add leased data center to Ashburn campus

DataBank, a Texas provider of data center, cloud, and interconnection services, has signed a lease on a data center currently under construction on Red Rum Drive in Ashburn by GI Partners, the California investment firm announced Thursday.  Two other data center buildings are already located on Red Rum Drive. One is owned by Da[...]

Jul 26, 2024

Liberty, Falwell Jr. reach global settlement

Liberty University and Jerry Falwell Jr. have reached a global resolution agreement that settles all three lawsuits between the Lynchburg private Christian university and Falwell, Liberty’s former president and chancellor who was forced to resign in 2020 in disgrace. In a joint statement released Friday afternoon, Liberty [...]

Jul 26, 2024

Va. gets initial approval for $1.48B to increase broadband

The U.S. Department of Commerce’s National Telecommunications and Information Administration (NTIA) has approved Virginia’s initial proposal for the Broadband Equity, Access, and Deployment (BEAD) program, according to a NTIA dashboard that tracks proposals.  This approval means Virginia can now request access to $1.48 bill[...]

YOUR NEWS.
YOUR INBOX.
DAILY.

By subscribing you agree to our Privacy Policy.