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Md.-based contractor closes on DynCorp International acquisition
Germantown, Maryland-based government contractor Amentum announced Monday it has acquired McLean-based DynCorp International. Financial terms of the deal, originally announced on Sept. 24, were not disclosed. The acquisition will create a company with more than 34,000 employees and allow the company to expand to new markets, according to Amentum’s statement. “The addition of DynCorp International […][...]
Northrop Grumman secures $186M Air Force contract
Falls Church-based Fortune 500 aerospace and defense contractor Northrop Grumman Corp. has received a 10-year, $185.7 million contract to extend engineering services for the U.S. Air Force’s A-10 Thunderbolt jet fighter fleet. Built by Fairchild Republic Co. prior to its acquisition by Northrop, the A-10 aircraft is designed to help the Air Force perform airborne […]
‘It’s not N95 or bust’
With the protective face mask market growing to meet the demand of both the general public and first responders, it’s a challenge for consumers to choose the most effective mask to purchase to stay safe amid the COVID-19 pandemic. Linsey Marr, the Charles P. Lunsford Professor of Civil and Environmental Engineering at Virginia[...]
Catholic Diocese of Arlington announces new virtual school principal
The Catholic Diocese of Arlington’s Office of Catholic Schools announced Monday that Kristie Meyers has been hired as the principal of St. Isidore of Seville Catholic Virtual School, a new virtual K-8 school that opened this fall. She will start her position on Jan. 4. With more than 20 years of educational experience, Meyer[...]
Labor market continued slow recovery in early November
The labor market continued its slow recovery during the week of Nov. 8, according to Virginia Commonwealth University and Arizona State University economists. Early November saw 69.9% of working age adults employed, which is still far below the 73.8% employment rate from February right before the pandemic, according to the Real-Time Population Survey conducted by […]
PAE completes $208M acquisition, receives $98M Air Force contract
Falls Church-based defense and government services contractor Pacific Architects and Engineers (PAE) announced Friday it has completed its $208 million cash acquisition of Burlington, Massachusetts-based Centra Technology Inc. The acquisition was first announced in late October. “The acquisition of Centra expands PAE’s addressable market into new, attractive mission-critical business areas, opening up important higher growth [&helli[...]
Herndon telecom company rebrands
Herndon-based government and military communications company Klas Telecom announced Friday it is rebranding as Klas Government. Founded in 1991, Klas Government was established to connect students in remote areas using satellite technology, and later evolved to include services for government, public safety and transportation cu[...]
Virginia sees significant uptick in COVID-19 cases, deaths
As the coronavirus spreads dramatically across the nation, Virginia recorded 16,401 new COVID-19 cases and 136 deaths last week, a significant increase in both statistics compared with recent weeks. The previous week brought 11,160 new cases and 93 deaths, according to the Virginia Department of Health (VDH). Due to increased testing, though, the seven-day positivity […]
Liberty raises $2M during inaugural Giving Day campaign
Liberty University raised more than $2 million on Nov. 17 during its inaugural Giving Day, an all-day fundraising campaign for academic departments, athletics programs and student scholarships, the university announced Friday. The university raised $2.003 million from more than 6,000 donors. Funding will go toward more than 100 [...]
Georgia senator made controversial investment in Lynchburg’s BWX Technologies
U.S. Sen. David Perdue, one of Georgia’s two incumbent Republican senators who are facing a Jan. 5 election runoff that will determine the balance of power in the Senate, made profitable purchases of shares in Lynchburg-based nuclear fuel supplier BWX Technologies Inc. — the Navy’s sole nuclear fuel provider — ju[...]
Va. Council of CEOs to expand statewide
It’s about to get a little less lonely at the top. After 20 years of bringing together CEOs and other executive leaders from the Central Virginia region (particularly in the Richmond and Charlottesville areas), the Virginia Council of CEOs (VACEOs), a membership organization for CEOs in Virginia, recently announced plans to ex[...]
Calif.-based company buys Sterling apartment complex for $27.15M
An affordable housing complex for seniors in Sterling has sold for $27.15 million, Irvine, California-based Avanath Capital Management announced late last week. Avanath acquired the 150-unit Cascades Village located at 46565 Harry Byrd Highway from Community Village at Sterling LP, according to Loudoun County property records. �[...]
