Sign In
Free Newsletter
$60M directed to municipal utility relief
While some Virginians fear power and water shutoffs during the pandemic, Gov. Ralph Northam announced Monday that an additional $60 million in federal CARES Act funding will go toward municipal utility relief efforts. “These are challenging times for Virginia families and businesses, and we remain committed to helping them keep the electricity on and the […]
$22M in CARES Act funding directed to Va. private colleges
Virginia’s private higher education institutions will receive $22 million in federal CARES Act funding for COVID-19 preparedness and response, Gov. Ralph Northam announced Monday. In late October, $116 million was allocated to Virginia’s public higher education institutions — with today’s allocation proportionate to the public school funding, according to Northam’s office. “Like public colleges and […][...]
McLean health tech firm names senior VP, corporate strategy
McLean-based health information technology provider CNSI announced Monday it has hired Verlon Johnson as senior vice president of corporate strategy. Johnson was most recently the vice president of health care policy and program management for IBM Watson Health’s Government Health and Human Services business group. In her ne[...]
Peraton lands $950M Air Force contract
The U.S. Air Force awarded Herndon-based national security contractor Peraton a $950 million contract to provide services in support of the branch’s Advanced Battle Management System (ABMS), a component of the Department of Defense’s Joint All Domain Command and Control (JADC2) effort, the company announced Monday. Under the contract, Peraton will provide services including open […]
Hampton Roads operator of Downtown and Midtown tunnels sold in $2B+ deal
Elizabeth River Crossings HoldCo LLC, the operator of the Downtown and Midtown tunnels that run between Norfolk and Portsmouth, has been sold to Abertis Infraestructuras S.A. and Manulife Investment Management Ltd., on behalf of John Hancock Life Insurance Co., for more than $2 billion. Elizabeth River Crossings operates four tu[...]
Driven by SW Va., state’s COVID-19 rate rises to 6.1%
Virginia’s number of COVID-19 cases jumped by more than 10,000 last week, bringing the state’s positivity rate to 6.1%, up from 5.8% on Nov. 2, according to the Virginia Department of Health’s report Monday, Nov. 9. The sharpest increases have been seen in the Roanoke region and Southwest Virginia, where neighboring states also have seen […]
Commercial building in Fairfax sells for $1.8M
A three-story mixed-use commercial building in Fairfax sold for $1.8 million, Norfolk-based S.L. Nusbaum Realty Co. announced this week. Located at 3950 Chain Bridge Road, The Moore-McCandlish House is a 6,550-square-foot historical building constructed in 1840. The property, which sits on 0.48 acres, was 96% leased at the tim[...]
Construction industry recovered 84K jobs in October
While the pandemic surges on, the construction industry added 84,000 net new jobs in October, the Associated Builders and Contractors (ABC) announced Friday. During the past six months, the industry has added 789,000 jobs, recovering 73% of jobs lost during the pandemic. “It’s hard not to stand up and applaud the U.S. economy’s ability to […]
BBB National Programs opens new HQ office in Tysons
Nonprofit BBB National Programs announced Friday the opening of its new 15,300-square-foot headquarters in Tysons. Located at 1676 International Drive, the location will allow for an operations expansion and allow BBB National Programs to grow its portfolio of self-regulation and dispute resolution programs, according to an or[...]
General Dynamics lands $9B+ contract modification
The U.S. Navy on Thursday awarded the Electric Boat subsidiary of Reston-based Fortune 100 defense contractor General Dynamics Corp. a $9.474 billion contract modification to build and test the first two Columbia-class intercontinental ballistic missile submarines — the largest ever built by the United States — and provide r[...]
BAE Systems announces $100M investment in Iowa facility
Arlington-based defense contractor BAE Systems Inc. announced Thursday it is investing more than $100 million to construct a facility in Cedar Rapids, Iowa, for its newly acquired navigation and sensor systems business, which makes mission-critical military GPS products. “Our world-class military GPS business is built on the r[...]
Cincinnati consulting firm buys McLean tech contractor
Cincinnati-based engineering, consulting and technical services company Belcan LLC announced late last week it has acquired McLean-based tech contractor Telesis Corp. Financial terms of the acquisition were not disclosed. This marks Belcan’s 15th acquisition under its ownership by AE Industrial Partners LP, a private equity firm that specializes in aerospace, defense and government services, power […][...]
