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Dec 16, 2020

Sevatec, Octo Consulting announce merger

Fairfax-based software company Sevatec announced Tuesday it has merged with Reston-based government technology company Octo Consulting Group. The combined organization will have nearly $300 million in annual revenue and 1,100 employees.  Founded in 2003, Sevatec provides design, DevSecOps, security, cloud service integration, data engineering and automation services and has won nearly $400 million in recent […][...]

Dec 16, 2020

NASA awards Northrop Grumman $70M contract

NASA announced Tuesday it has awarded Falls Church-based Fortune 500 aerospace and defense contractor Northrop Grumman Corp. a $70 million contract to provide engineering, manufacturing and technical services for the agency’s Global Hawk Skyrange program. The contract was awarded to Northrop Grumman’s System Corp. (NGSC) business based in San Diego. Work will be performed at […]

Dec 15, 2020

DHL Supply Chain to create 577 jobs in Stafford County

DHL Supply Chain, a contract logistics company with its North American headquarters in Ohio, is investing $72 million to establish a mid-Atlantic distribution center in Stafford County’s Venture Business Park, creating 577 jobs, Gov. Ralph Northam announced Tuesday. The company will build a 500,000-square-foot high-bay facility for its Real Estate Solutions unit. Virginia competed with […][...]

Dec 15, 2020

Roanoke, local credit union launch small business relief fund

The city of Roanoke and Roanoke-based credit union Freedom First announced Tuesday a partnership that will disburse small business relief grants of up to $25,000 to those affected by the coronavirus. The $416,250 program will use Community Development Block Grant-Coronavirus (CDBG-CV) federal funding. The program is intended for businesses that are at risk of closing […]

Dec 15, 2020

Goodwill of Central and Coastal Va. receives $10M gift

Goodwill of Central and Coastal Virginia announced Tuesday it has received a $10 million grant from novelist MacKenzie Scott, who has donated more than $4.2 billion across 384 organizations during the past four months. Scott is the former wife of Amazon.com Inc. CEO Jeff Bezos.  The gift will help Goodwill provide job-readiness training to people […]

Dec 15, 2020

Smithfield Foods gifts $300K to Hampton Roads Workforce Council

Smithfield Foods Inc., the world’s largest pork processor and hog producer, announced Tuesday it has donated $300,000 to the Hampton Roads Workforce Council (HRWC), a nonprofit that develops workforce policy and initiatives in Southeastern Virginia. The donation will support the HRWC’s new Veterans Employment Center in Newport News. The center will provide resources and coaching […]

Dec 15, 2020

The Hilb Group acquires New York-based insurance company

Henrico County-based insurance company The Hilb Group LLC (THG) announced Tuesday it has acquired Auburn, New York-based insurance company Moran, Moran, & Dauphin Inc. (MMDI), effective Nov. 1. Financial details of the acquisition were not disclosed. Founded in 2006, MMDI provides property and casualty (P&C) insurance products. As part of the transaction, the MMDI leadership […]

Dec 15, 2020

Leidos wins $64M FAA contract

The Federal Aviation Administration has awarded Reston-based Fortune 500 government contractor Leidos Holdings Inc. a $64 million contract to develop the Operational Analysis and Reporting System (OARS), a safety analysis tool. OARS will support the FAA’s Air Traffic Organization (ATO) Safety Management System though defining, identifying, assessing, treating and tracking safety risk mitigation. Leidos will […][...]

Dec 14, 2020

Kitty Hawk offshore wind project to create 600 jobs in Hampton Roads area

Avangrid Renewables, a subsidiary of Connecticut-based Avangrid Inc., submitted construction and operations plans on Dec. 11 for the first phase of its Kitty Hawk Offshore Wind project, a development it says will generate $2 billion in economic impact between 2021 and 2030 and create nearly 800 jobs in Virginia and North Carolina. Located 27 miles […]

Dec 14, 2020

Richmond extends deadline for second small business grant fund

The city of Richmond announced Monday it has extended the deadline for its Richmond Recovers II Grant Program through Dec. 18. The program will provide applicants with grants of $15,000 for COVID-19 pandemic relief and will be funded with $2 million from the city’s CARES Act appropriation. Small businesses other than restaurants, retail and beverage […]

Dec 14, 2020

Reston telemed company announces leadership changes

Reston-based telemedicine technology provider SOC Telemed on Monday announced executive leadership appointments and promotions, effective Jan. 4. Hai Tran, who currently serves as chief financial officer and chief operating officer, has been promoted to serve as president and COO. Chris Knibb will join the company as its new CFO. With more than 20 years of […]

Scott Beardsley. Photo courtesy Darden School of Business
Dec 14, 2020

U.Va. Darden’s Beardsley recognized as ‘Dean of the Year’ by Poets & Quants

The University of Virginia Darden School of Business announced Monday that Dean Scott Beardsley was named “Dean of the Year” by Poets & Quants, an online publication and forum dedicated to business schools. Poets & Quants recognized Beardsley’s flexible approach to the application process during the pandemic, as we[...]

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