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Northam proposes $111M for undergrad financial aid
Virginia Gov. Ralph Northam announced Thursday that he wants to designate $111 million in federal aid to financial aid for undergraduate students: $100 million for public higher education institutions through the State Council for Higher Education in Virginia and $11 million for private institutions eligible for SCHEV’s Vi[...]
BAE Systems locks onto $117M subcontract for missile-seeking tech
Arlington-based defense contractor BAE Systems Inc. received a $117 million subcontract from Lockheed Martin Corp. to produce missile-seeker technology for long range anti-ship missiles (LRASM), it announced Monday . The seeker technology enables LRASM to detect and engage maritime targets in contested environments with less dep[...]
Accenture Federal Services wins $729M Army contract
Arlington-based Accenture Federal Services won a $729 million contract from the U.S. Army, it announced Tuesday. Under the six-year contract, AFS will help the U.S. Army Communications-Electronics Command (CECOM) consolidate multiple enterprise resource planning systems into a single model. The company will support the Army Shared Services Center (SSC) initiative of CECOM with capability support […][...]
REI Systems secures $400M FDA contract
Sterling-based IT company REI Systems secured a five-year, $400 million contract from the U.S. Food and Drug Administration, the company announced Tuesday. Under the single-award Criminal Investigations, Imports and Systems Inspection Regulatory Compliance and Enforcement contract, REI will support the FDA’s Office of Regulatory Affairs in the development and operations of mission-critical systems that help […][...]
Virginia snags “Best Business Climate” state ranking
Virginia is the state with the “Best Business Climate” in the nation, according to Business Facilities magazine’s 17th annual State Ranking Report, released Wednesday. Last year, Texas held the No. 1 spot, with Virginia taking second. After falling off Business Facilities’ top 10 list in 2014 and 2015, Virginia placed ninth in 2016, fourth in […]
Northam proposes $936M for unemployment fund, VEC
Virginia Gov. Ralph Northam announced Tuesday that he wants to spend $935.6 million of $4.3 billion in federal aid on the state’s unemployment insurance trust fund and upgrading the Virginia Employment Commission. The General Assembly will meet Aug. 2 for a special session to allocate the funding, which the state received [...]
LMI acquires Falls Church solutions consulting company
Tysons-based government and defense contractor LMI acquired Falls Church-based Suntiva, it announced Tuesday. Suntiva is a technology-enabled solutions company focused in the public health and defense markets. The acquisition provides LMI with new customer access, particularly the U.S. Food and Drug Administration, the National [...]
The Hilb Group acquires Medicare-focused firm, six Va. companies
Henrico-County based insurance company The Hilb Group LLC finalized its acquisition of Health Quote of Rhode Island Inc. on July 1, it announced Tuesday. Financial terms of the transaction were not disclosed. Health Quote specializes in Medicare offerings, and its clientele will join THG’s Medicare practice. THG CEO Ricky Spiro said in a statement, “Our […]
Bechtel promotes exec to president of nuclear, security, environmental unit
Reston-based global engineering and construction company Bechtel Corp. has promoted John Howanitz to president of Bechtel Nuclear, Security & Environmental Inc. He will begin Sept. 1. Craig Albert, Bechtel president and chief operating officer, said in a statement, “John’s experience in delivery of energy, environmental,[...]
Inova Fairfax Medical Campus captures No.1 state ranking
Inova Fairfax Medical Campus unseated University of Virginia Medical Center as the best hospital in Virginia in U.S. News and World Report’s annual list of the best hospitals in the nation, which was released Tuesday. The Inova facility was also ranked as the top hospital in the Washington, D.C. area. “We are extraordinarily[...]
Arlington supply chain tech company joins unicorn club
Following its $100 million Series C financing round, Arlington-based supply chain management technology company Interos Inc. has been valued at $1 billion, reaching coveted unicorn status. Led by CEO Jennifer Bisceglie, Interos is one of 74 female-led unicorns, according to Crunchbase. Worldwide, there are more than 770 unicorn [...]
Virginia Beach office buildings sell for $15.8M
Three buildings in the Pembroke Office Park in Virginia Beach sold for $15.77 million, S.L. Nusbaum Realty Co. announced Monday. Pembroke Buildings Four, Five and Six total 167,660 square feet. Pembroke Office Park is a 300,000-square-foot park with five multitenant office buildings. Seminole Trails Properties LLC bought the bui[...]
