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BWXT subsidiary chosen to develop microreactor design for DOD
Lynchburg-based BWXT Advanced Technologies LLC is one of two companies chosen to develop a final prototype design for a transportable advanced nuclear microreactor, the U.S. Department of Defense announced Monday. Along with Maryland’s X-energy LLC, BWXT was selected from a preliminary design competition and will continue developing its design under a Strategic Capabilities Office (SCO) […][...]
Manassas IT consultant acquires N.C. tech firm
Manassas IT consulting services provider ARG Inc. has acquired North Carolina-based tech advisory firm NextWave Technology Providers, ARG announced last week. The financial terms of the deal were not disclosed. Adam Carreno, NextWave’s principal and founder, will join ARG as a principal. Before founding NextWave in 2020, Carreno was a cloud and technology specialist at […]
Va. Beach-based ADS wins $91.6M DOD contract
Virginia Beach-based Atlantic Diving Supply won a $91.6 million contract to support weapons system programs for the U.S. Air Force, Army, Marine Corps and Navy, the U.S. Department of Defense announced Friday. The equipment vendor won the contract from the DOD’s Defense Logistics Agency, which awarded ADS a $100 million, five-year contract earlier this month. […]
General Dynamics books $2.4B Navy contract to build 10th submarine
General Dynamics has been awarded a potential $2.4 billion contract option from the Navy to build a 10th Virginia-class submarine, the U.S. Department of Defense announced last week. The Fairfax-based company’s Electric Boat subsidiary in Connecticut will work with Huntington Ingalls Industries’ Newport News Shipbuilding on the project, which was added on to a December […]
COVID roundup: Nearly 25% of Virginians vaccinated; fewer restrictions expected April 1
Nearly a quarter of Virginia’s population has now been vaccinated against COVID-19, according to the Virginia Department of Health’s update Monday, March 22, and counties in the Eastern Shore, Southern Virginia and northern Shenandoah Valley have expanded vaccination to include people in group 1c. So far, 3.1 million[...]
Facebook removes Amanda Chase’s Senate page
Facebook appears to have permanently removed State Sen. Amanda Chase’s official state Senate page, according to email communications provided by the campaign. After multiple unsuccessful attempts by her campaign to get her public page reinstated as recently as last week, Chase, R-Chesterfield, said Sunday that she is consi[...]
Blackfin and GMF buy three apartment complexes for $48M
On Monday, Arlington-based Blackfin Real Estate Investors LLC and New York-based GMF Capital LLC announced they had purchased three Low Income Housing Tax Credit (LIHTC) communities from Virginia Beach’s The Franklin Johnson Group for $48 million. The apartment complexes include: Oaks at Dunlop Farms, 101 Old Oak Lane, Colonial Heights, 23834; Crescent Place, 2804 Turnpike […]
Virginia Tech joins Mid-Atlantic Quantum Alliance
Virginia Tech has joined a group of universities, government agencies and national labs in the Mid-Atlantic Quantum Alliance, the university announced this week. Led by the University of Maryland, the 24 members of MQA “are building a vibrant and diverse ecosystem designed to foster U.S. and regional leadership in the coming quantum technology revolution,” including […]
Central Virginia home lot sales surged 33% in Q4 2020
Henrico-based real estate researcher Integra Realty Resources announced this week that Central Virginia saw a surge of home activity in the fourth quarter of 2020, with lot sales increasing by 33% and permitting activity increasing by 39%. In this time frame, 1,430 building permits were issued for construction and 1,432 vacant lots were sold. Integra […]
Homes sell above listing price in Virginia
In its February 2021 Home Sales Report, Virginia Realtors says that homes in Virginia sold above their asking price on average, sales have quickened, and housing inventory has continued to shrink last month. For several months, strong demand, limited inventory and historically low mortgage rates have driven price growth in Virginia. In February, the median […]
Va. extends income tax deadline to May 17
Virginia will also extend its income tax filing and payment deadline to May 17, following the lead by the Internal Revenue Service, which announced a similar delay this week. Gov. Ralph Northam said in a statement Friday that the state tax deadline will move from May 1 to May 17, affecting only individual income taxes […]
Hotel revenues down 39% in February
Virginia hotel revenues for February 2021 declined by 39% compared to February 2020, according to data released Thursday by STR Inc., a CoStar Group division that provides market data on the U.S. hospitality industry. During the same period, rooms sold declined by 23%. The average daily rate (ADR) paid for hotel rooms dropped 21% to […]
