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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 […][...]
Ill.-based company to acquire Madison County-based life sciences consulting firm
Western Springs, Illinois-based consulting company The Planet Group, a MidOcean Partners portfolio company, announced Thursday it has entered into an agreement to acquire Rochelle-based life sciences management consulting firm NDA Partners. Financial terms of the acquisition were not disclosed. This marks The Planet Group’s fourth acquisition. Founded in 2003, NDA Partners provides consulting services for […][...]
Roanoke tech company buys Md.-based fiber optic manufacturer
Roanoke-based optical technology company Luna Innovations Inc. announced late last week it has acquired Owings Mills, Maryland-based fiber optic equipment manufacturer New Ridge Technologies LLC. Financial terms of the deal were not disclosed. New Ridge Technologies develops and manufactures fiber optic test and measurement equipment and advanced fiber optic subsystems for telecommunication applications. The acquisition […][...]
General Dynamics business unit wins $42.6M contract modification
The U.S. Navy awarded Fairfax-based General Dynamics Mission Systems a $42.6 million contract modification to continue work on sustaining integrated combat management systems and associated platforms used by the branch’s littoral combat ships, the Department of Defense announced Wednesday. General Dynamics Mission Systems is a business unit of Reston-based defense contractor General Dynamics Corp. Under […][...]
