Sign In
Free Newsletter
Rolls-Royce to pay $135K to resolve hiring discrimination dispute
Reston-based Rolls-Royce North America Holdings Inc. has agreed to pay $135,000 in back wages and interest to 26 female applicants who were not selected for machine operator positions at its Prince George County aircraft component manufacturing facility. The payments were the result of an agreement with the U.S. Department of Labor’s Office of Federal Contract […]
Va. Beach manufacturing facility sells for $21.7M
A 320,000-square-foot industrial building in Virginia Beach sold for nearly $21.7 million, Cushman & Wakefield | Thalhimer Capital Markets Group announced late last week. The property located at 1537 Air Rail Drive is fully leased to World Distribution Services, an affiliate of The World Group, which offers logistics service[...]
Leesburg-based Centerpoint books $116M cybersecurity contract
Leesburg-based Centerpoint Inc. has received a five-year, $116 million contract to provide cybersecurity support services to the U.S. Department of Health and Human Services, the company announced Thursday. The contract will secure information technology infrastructure, including risk management, compliance, infrastructure support, technical assistance, communications and strategy development work for the HHS Office of the Chief [&helli[...]
Avantus Federal acquires MissionTech Solutions
McLean-based Avantus Federal has acquired Vienna-based cyberdefense contractor MissionTech Solutions, effective Nov. 12. With the purchase, Avantus Federal says it will expand its data and technology mission within the national security and intelligence community. The acquisition will advance Avantus’ data engineering, cloud capabilities and technology adoption services. The services will be a boon to Avantus’ […][...]
PAE to buy Arlington intelligence analysis company for $92M
Falls Church-based defense and government services contractor Pacific Architects and Engineers (PAE) announced Monday that one of its subsidiaries will acquire Arlington-based Metis Solutions Corp. for approximately $92 million in cash. Metis Solutions, which employs 450 people, provides services including intelligence analysis, operational and tactical training and program management. PAE provides mission support services to […][...]
Shuttered Alexandria power plant making way for mixed-use development
A former coal-fired power plant in Alexandria will become home to a mixed-use development along the Potomac River. Chicago-based Hilco Redevelopment Partners (HRP), a Hilco Global business unit, announced Monday it purchased the 71-year-old Potomac River Generating Station site, which encompasses approximately 20 acres. HRP ac[...]
More than $1.9M in grants going to Va.’s tourism industry
While COVID-19 continues to slam the tourism and hospitality industries, Gov. Ralph Northam announced Monday that more than $1.9 million in matching grants will be disbursed among 161 local tourism initiatives as part of Virginia Tourism Corp.’s Recovery Marketing Leverage Program (RMLP). Although Virginia’s tourism industry had another record year in 2019, posting $27 billion […]
Va. COVID-19 rate shoots past 7%
Virginia’s COVID-19 cases continue to rise, with 11,160 new cases and 93 deaths recorded over the past week, according to the Virginia Department of Health’s Nov. 16 report. The total number of fatalities in Virginia stands at 3,806 and the total number of cases statewide is now 204,637. The seven-day positivity rate rose to 7.3% […]
What a legalized marijuana market could look like for Va.
If Virginia legalizes marijuana, sales could generate up to $300 million in annual state tax revenue and create 11,000 jobs, according to a Joint Legislative Audit & Review Commission (JLARC) report issued Monday. But legalizing the drug would not be without hurdles. While the marijuana use was decriminalized in Virginia thi[...]
Chesapeake Family Dollar property sells for $1.78M
A Family Dollar store property in Chesapeake sold for $1.78 million, Cushman & Wakefield | Thalhimer’s Capital Markets Group announced Monday. Located at 3736 Ahoy Drive, the 8,320-square-foot retail property was net leased to Family Dollar. TRC Chesapeake sold the property, which it bought in July 2019, according to Chesa[...]
Amazon to donate $9M to NoVa nonprofits
Marking the second anniversary of the news that it would brings its East Coast headquarters to Virginia, Amazon.com Inc. will donate $9 million to several nonprofits in Northern Virginia, the company announced Monday. The gifts include $3.5 million to community organizations supporting small businesses and military families and [...]
Governor orders new restrictions to prevent COVID-19 spread
Virginia Gov. Ralph Northam announced Friday that the state will enforce new restrictions to prevent further spread of COVID-19 starting at 12:01 a.m. on Monday, Nov. 16, including limiting gatherings to 25 people — down from a current cap of 250 people. Also, all people ages 5 and older will be required to wear face […[...]
