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Lockheed Martin Manassas office wins modification to $190.27M Navy contract
The Manassas office of Lockheed Martin Corp.’s Rotary and Mission Systems sector will add work on a contract the company previously won. The modification is to a $190.27 million Naval Sea Systems Command, Washington, D.C., cost-plus-incentive-fee contract. It is to exercise an option for engineering design development and supporting material procurement, the Department of Defense […]
Two Va. companies among group that won $950M Navy contract
Two Virginia federal contracting companies were part of a group of companies that won a maximum $950 million construction contract from Naval Facilities Engineering Systems Command (NAVFAC) Mid-Atlantic, Norfolk. Along with six other contractors, they can compete for task orders under the terms of the contract, the Department of Defense announced Friday. Virginia Beach-based S.B. […]
Capital Square buys Chesterfield apartment complex for $86M
Henrico County-based Capital Square 1031 purchased the Livingston Apartment Flats in Chesterfield County from Cosby Village Residences LLC for $86 million earlier this month. Whitson Huffman, Capital Square’s chief strategy and investment officer, noted that Chesterfield’s population grew 11% between 2010 and 2019 an[...]
Woodgrain Inc. to invest $17M in SW Va., creating 100 jobs
Woodgrain Inc. will invest $9 million to expand its operations in Smyth County and invest $8 million more to purchase and expand the former Independence Lumber sawmill in Grayson County, producing 100 jobs, Gov. Ralph Northam announced Friday. The family-owned business based in Idaho is one of the largest millwork companies in the world, manufacturing […]
Piedmont Virginia Community College president to retire
Frank Friedman, the president of Piedmont Virginia Community College, will retire in May 2022, the school announced this week. Friedman, the Albemarle County college’s fifth president, has been at the top since 1999. Virginia Community College System Chancellor Glenn DuBois and the PVCC board will conduct a national search[...]
Accenture Federal Services completes Novetta acquisition
Arlington-based Accenture Federal Services, a subsidiary of Fortune Global 500 professional services company Accenture, has completed its acquisition of Novetta, a McLean-based advanced analytics company, the two companies announced Thursday. The financial terms of the deal, first announced in June, were not disclosed. The acquisition will add a national security portfolio to AFS’ business, according […][...]
GDIT gets $136 million Navy contract
Falls Church-based General Dynamics Information Technology (GDIT) Inc. has won a $136 million contract from the U.S. Navy, the Department of Defense announced Thursday. The IT subsidiary of Fortune 500 contractor General Dynamics, which generated $39.7 billion in revenue last year, GDIT will support the consolidation of all Tier 1 information technology help desks and […]
Virginia Health Information CEO to retire
Michael T. Lundberg, the founding CEO of Virginia Health Information, has announced his retirement at the end of October. Lundberg, whose last day is Oct. 31, has been with Richmond-based nonprofit health care data organization since its founding in 1993 and led VHI from a $300,000-per-year organization to one anticipating more [...]
Developer plans 800K-square-foot industrial building in Suffolk
A Kansas-based industrial developer has purchased 72 acres in Suffolk for $4.1 million, with plans to construct an 813,721-square-foot logistics center by September 2022. Cushman & Wakefield | Thalhimer announced the sale Friday, in which Geoff Poston and Ellis Colthorpe handled negotiations on behalf of the seller, Equus Ca[...]
VCU poll shows McAuliffe, Youngkin in dead heat
The Republican and Democratic candidates for Virginia governor are in a virtual tie, a new poll by the L. Douglas Wilder School of Government and Public Affairs at Virginia Commonwealth University reported Friday. Democratic former Gov. Terry McAuliffe is polling ahead at 40%, while Republican Glenn Youngkin, former co-CEO of Th[...]
July jobless rate hits 4.2% in Va., a small decrease
In July, the state’s unemployment rate saw a small decline to 4.2%, 0.1 points below June’s rate, Gov. Ralph Northam announced Friday. In July 2020, the jobless rate was at 7.9%, 3.7 points higher than last month. Virginia continued to see an expansion of the labor force, with 7,818 people starting jobs last month, totaling […]
Jean Yokum, longtime president and CEO of Langley Federal Credit Union, dies at 90
Jean Yokum, the longtime president and CEO of Langley Federal Credit Union, died Thursday, the credit union announced. She was 90. She served as the president and CEO for 33 years, first joining the credit union as a teller in 1953 and working her way up. She served in the top spot from 1979 until 2012, […]
