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Volvo electric trucks to be produced at NRV plant in early 2021
Volvo Trucks North America’s plant in Pulaski County will manufacture its new battery-powered VNR Electric truck model starting early next year, the company announced Thursday. The largest Volvo truck plant in the world, the Dublin facility currently employs close to 3,000 people and builds heavy-duty trucks of multiple mo[...]
NuWave Solutions acquires San Diego-based analytics company
McLean-based federal technology contractor NuWave Solutions LLC announced Thursday it has acquired BigBear Inc., a cloud-based big data analytics firm in San Diego. Financial terms of the transaction were not disclosed. This marks NuWave’s first acquisition since it was acquired by Boca Raton, Florida-based private equity firm AE Industrial Partners LP in June. Founded in […]
ManTech wins $273M Homeland Security contract
The U.S. Department of Homeland Security awarded Herndon-based ManTech, a technology contractor for U.S. defense, intelligence and federal civilian agencies, a five-year, $273 million contract to provide business intelligence support services for Customs and Border Protection (CBP), the company announced Thursday. Under the contract, ManTech will perform services that prevent crime and terrorism, according to […][...]
Va. jobless claims fall to lowest level since March
The number of initial jobless claims filed last week fell to its lowest level since the pandemic’s employment effects began to be felt in mid-March, the Virginia Employment Commission reported Thursday. Initial jobless claims in Virginia dropped by 29.7% last week compared with the previous filing week, according to the VEC, while continued claims fell […]
These 16 Va. companies received $10M PPP loans
The U.S. Small Business Administration on Tuesday released additional information about all approved borrowers from its $659 billion Paycheck Protection Program (PPP) small business relief program, this time including exact company names, loan amounts, addresses and other information. Previously, the government in early July had released an incomplete list of recipients, including only ranges of […][...]
Salesforce to acquire McLean-based Acumen Solutions
On Dec. 1, the same day it announced that it was acquiring workplace communication service company Slack for $27.7 billion in cash and stock, cloud-services company Salesforce.com Inc. revealed that it’s also acquiring McLean-based professional services firm Acumen Solutions. San Francisco-based Salesforce has entered into a definitive agreement to acquire Acumen Solutions. In a statement […][...]
Arlington-based blank check company raises $300M in IPO
Arlington-based Capitol Investment Corp. V raised $300 million through its initial public offering, the special purpose acquisition company (SPAC) announced Wednesday. Led by Chairman and CEO Mark D. Ein and President and CFO L. Dyson Dryden, the company was formed for the purpose of a merger or purchase of another company, though a news release […]
Va. hotel revenues remain low during increased COVID-19 restrictions
With COVID-19 cases mounting, Virginia hotel revenues continue to decline when compared with last year, according to data from STR Inc., a CoStar Group division that provides weekly market data on the U.S. hospitality industry. For the week of Nov. 22 through Nov. 28, hotel revenues in Virginia decreased by 34% and rooms sold declined […]
No new restrictions, but Northam urges COVID-19 caution
Gov. Ralph Northam warned Virginians about growing numbers of COVID-19 cases, especially in Southwest Virginia, which has seen higher rates for more than a month, in part because the region’s neighboring states also have seen spikes. At his Wednesday news conference, Northam stopped short of enforcing new restrictions, but[...]
Former Deputy Commerce Secretary Angela Navarro to be SCC commissioner
Former Deputy Secretary of Commerce and Trade Angela Navarro will be appointed to fill the State Corporation Commission’s open commissioner slot, Gov. Ralph Northam said Wednesday. An attorney, Navarro is expected to be appointed in early January, the governor said. Although the governor can appoint commissioners, Navarro [...]
Virginia redistricting committee takes shape
RICHMOND, Va. — More than half a dozen legislators have been named to a bipartisan redistricting commission that seeks to fairly draw congressional and state legislative districts. The commission will be made up of 16 people. Half of them will be legislators and the other half will be Virginia citizens. Virginia legislativ[...]
New president and CEO starts at Reston-based federal contractor
On Dec. 2, William Schaefer took the helm as the new CEO and president of Reston-based federal contractor Amyx Inc. With more than 20 years of leadership experience in the technology sector, Schaefer succeeds Satya Akula, who announced his retirement in November. Schaefer joined Amyx more than a decade ago and has spent the past[...]
