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ManTech to acquire D.C. tech firm for $350M
Herndon-based tech contractor ManTech International Corp. announced Monday that it has signed a definitive agreement to acquire Washington, D.C.-based Gryphon Technologies from Boca Raton, Florida-based AE Industrial Partners for $350 million. Gryphon Technologies provides digital and systems engineering capabilities for U.S. Department of Defense agencies, including predictive analytics, data science and cloud engineering. “This acqu[...]
George Mason University launches Race, Politics, and Policy Center
George Mason University’s Race, Politics, and Policy Center launched Monday. American philosopher, author and political activist Cornel West will be its inaugural spring lecturer on April 14. GMU’s Schar School of Policy and Government professor Michael Fauntroy founded the center after returning to GMU from Howard Unive[...]
Joint venture with BWXT subsidiary wins potential $21B DOE contract
A team including a subsidiary of Lynchburg-based nuclear components and fuel supplier BWX Technologies Inc. (BWXT) won a U.S. Department of Energy contract with an estimated ceiling of $21 billion, the supplier announced Thursday. The DOE’s Office of Environmental Management awarded the 10-year Savannah River Site Integrated Mission Completion Contract to Savannah River Mission Completion […][...]
Recent real estate deals around Virginia
Cushman & Wakefield | Thalhimer represented the seller, LNR Property, in the $2 million sale of part of 260 Boush Street, a multiuse commercial and residential building in downtown Norfolk. Tidewater Community College is the purchaser of the 37,065-square-foot commercial space on the first floor, plus 99 parking spaces on the second floor of the […]
BAE Systems makes splash with potential $478M Navy contract
Arlington-based defense contractor BAE Systems Inc. has won a U.S. Navy contract worth up to $478 million if all options are exercised, the company announced Oct. 27. Under the five-year Systems Engineering and Integration Support Services contract, BAE Systems will continue supporting the U.S. Navy Strategic Systems Programs (SSP) office. The SSP oversees the Strategic […]
Charlottesville doctor elected president of Medical Society of Va.
A Charlottesville ophthalmologist has been elected president of the Medical Society of Virginia, the organization announced Wednesday. Dr. Mohit Nanda, a board-certified ophthalmologist affiliated with Virginia Retina Consultants, has more than 20 years of experience. He will lead the group, which represents more than 30,000 physicians, physicians-in-training, physicians’ assistants and medical students. Nanda was elected [&hellip[...]
Virginia ABC names first chief transformation officer
The Virginia Alcoholic Beverage Control Authority has named Elizabeth Chu its first chief transformation officer, the authority announced Wednesday. Chu will guide Virginia ABC’s transformative efforts to ensure priorities and objectives are met, overseeing project management and business transformation, as well as diversity, equity and inclusion, according to a news release from the state ABC. […][...]
Richmond apartment building sells for $27M
A 157-unit apartment building in Richmond sold for $27.25 million, Minneapolis, Minnesota-based real estate broker NorthMarq announced Wednesday. Located at 308 N. Nansemond St., the three-story property known as The Gallery Midtown was built in 1938. The previous seller, Richmond-based Spy Rock Real Estate Group, renovated the [...]
Shenandoah Community Capital Fund to get $1M as part of federal program
The Shenandoah Community Capital Fund (SCCF) will receive $1 million in American Rescue Plan funding as part of the Community Navigator Pilot Program, the U.S. Small Business Administration announced Thursday. The program is an initiative meant to reduce barriers that small businesses, especially those owned by veterans, women, people from rural communities and communities of […]
Virginia Society of CPAs’ 2022 Virginia Economic Expectations Survey interviews
HAMPTON ROADS Richard E. Groover, CPA Shareholder | Wall, Einhorn & Chernitzer PC Norfolk What local industries/sectors do you think have potential for growth? Continued growth around the Port of Virginia and green energy. … Entrepreneurs and local leaders have made substantial investments to tee up this area as part o[...]
Altria names two new board members
Henrico County-based Altria Group Inc. announced the elections of two board members Wednesday and its third quarter earnings Thursday. Marjorie M. Connelly and R. Matt Davis joined Altria’s board of directors. “Both Marge and Matt bring a tremendous amount of senior-level public company experience,” Altria Board Chair Kath[...]
Fluence launches IPO that could raise $868M
Fluence Energy Inc., an Arlington-based energy storage and digital application company owned by Siemens and AES Corp., launched its initial public offering (IPO) of 31 million shares of Class A common stock Thursday at $28 per share. The company is trading on the Nasdaq Global Select Market under the ticker symbol “FLNC.” As[...]
