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Toronto acquisition firm buys Richmond software company
Volaris Group, a Toronto-based buyer and operator of vertical market software companies, announced last week it has acquired Richmond-based educational software company SoftChalk LLC. Financial terms of the transaction were not disclosed. Using the SoftChalk platform, instructors can develop custom course materials and interactive content, including quizzes and annotated text. “The team at Volaris shares […][...]
Virginia Rent Relief Program receiving extra $524M
Landlords and tenants have additional rental assistance on the way. On Tuesday, Gov. Ralph Northam announced that $524 million in federal funding will go toward the Virginia Rent Relief Program (RRP), funded through the Emergency Rental Assistance program. “RRP is based on a unique, collaborative partnership between tenants and landlords to ensure both remain whole […]
Manufacturer announces $10.7M expansion in Montgomery County
Motion control product manufacturer Moog Inc. will invest $10.7 million to transfer existing jobs and equipment from its Blacksburg facilities to a larger building in Montgomery County, Gov. Ralph Northam announced Tuesday. The investment will also create 75 jobs. Founded more than 65 years ago, East Aurora, New York-based Moog Inc. designs, manufactures and integrates […]
PenFed expands partnership with The Washington Justice
Tysons-based PenFed Credit Union announced Tuesday it is expanding its partnership with The Washington Justice, the professional esports Overwatch League for the Virginia, Maryland and Washington, D.C., area, into a three-year sponsorship. PenFed, which is one of the nation’s largest federal credit unions, will be featured[...]
SCHEV releases updated goals for higher ed in Va.
The State Council of Higher Education (SCHEV) on Tuesday released an updated statewide strategic plan, which focuses on making higher education more “equitable, affordable and transformative.” The Pathways to Opportunity: The Virginia Plan for Higher Education (The Plan) is reviewed every six years. “The events of 2020[...]
Metro awards $179M contract to replace escalators
Metro will begin replacing 130 escalators in 32 stations in May, Washington Metropolitan Area Transit Authority (WMATA) announced Tuesday. The transportation authority that runs the Metrorail and Metrobus lines in the Washington area has awarded a $179 million, seven-year contract to KONE, a Finnish elevator and escalator compan[...]
McLean satellite operator eyes Chapter 11 emergence
McLean-based satellite operator Intelsat Corp. announced Friday it has the support of creditors to financially restructure under Chapter 11 bankruptcy, which would decrease the company’s debt from nearly $15 billion to $7 billion. “Today’s filings and the significant consensus already achieved on the plan pave the way for the company’s emergence from the Chapter 11 […]
Fairfax and Prince William federal contractors launch joint venture
Herndon-based systems integration company Tyto Athene LLC and Veterans First Initiative (VFI) LLC of Prince William County have launched a joint venture: Haymarket-based Optima Government Solutions LLC. Optima will provide IT services including engineering and systems integration to the U.S. federal government and U.S. Department of Defense. The joint venture is a service-disabled veteran-owned small business […][...]
General Dynamics wins $111.8M Army contract
The U.S. Army awarded the ordnance and tactical systems unit of Reston-based Fortune 100 defense contractor General Dynamics Corp. a $111.8 million contract to provide bomb hardware to the branch, the Department of Defense announced Friday. Under the contract, General Dynamics will provide general-purpose tritonal bomb hardware, also known as Mk-90 series bomb components. General […]
Northrop Grumman wins $236.9M contract modification
The U.S. Navy awarded Falls Church-based Fortune 500 aerospace and defense contractor Northrop Grumman Corp. a $236.9 million contract modification to manufacture radar systems for the U.S. Marine Corps, the Department of Defense announced Friday. Under the modification, Northrop Grumman will manufacture eight gallium nitride (GaN) active electronically scanned array radar systems. Used on Ground/Air […][...]
Va. joint venture lands $1B Dept. of Energy contract
The Office of Environmental Management (EM) awarded Herndon-based joint venture SRS Critical Infrastructure Security LLC (SCIS) a 10-year, potential $1 billion contract to provide security services, the Department of Energy announced Friday. The goal of the contract is to provide security for special nuclear materials under the Safeguards and Security (S&S) program. SCIS includes Securitas […][...]
Statewide COVID vaccine registration site launched
The Virginia Department of Health launched its COVID-19 vaccine registration system Tuesday, available at vaccinate.virginia.gov. A phone hotline will open Wednesday, allowing Virginians who don’t have reliable internet access to register for the vaccine. The site comes after local health districts had set up local sites f[...]
