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SAIC wins $737M Air Force contract
The U.S. Air Force awarded Reston-based Fortune 500 defense contractor Science Applications International Corp. (SAIC) a $737 million contract to implement, integrate and develop modeling and simulation (M&S), training and analysis standards for the Air Force, Department of Defense and other organizations, the company announced Thursday. “The Air Force and DOD rely on M&S for […]
Parsons Corp. to acquire Colo.-based tech firm for $300M
Centreville-based defense contractor Parsons Corp. announced Thursday that it has entered into a definitive agreement to acquire Colorado Springs, Colorado-based Braxton Science & Technology Group LLC (BSTG) and its subsidiaries for $300 million. BSTG provides services for satellite operations, ground system automation, flight dynamics and spacecraft and antenna simulation for the U.S. Department of Defense […][...]
Revalation Vineyards toasts $2.3M winery expansion
Gov. Ralph Northam announced Thursday that Revalation Vineyards will invest more than $2.3 million in an expansion, building a wine production facility, tasting room and event space in Madison County. The expansion will create five jobs. Home to 312 wineries, Virginia is the sixth-largest wine region in the United States, according to Northam’s office. The […]
Perspecta locks down $519M in classified programs
Chantilly-based federal contractor Perspecta Inc. announced Thursday it has been awarded multiple classified programs worth a total value of more than $519 million to provide mission support to U.S. government customers. Perspecta will provide services including high-end systems engineering and integration, data analytics, cybersecurity, cloud/IT services and software development, according to a company statement. “At […][...]
Richmond mayor to launch guaranteed income pilot
Richmond Mayor Levar Stoney unveiled a guaranteed income pilot program on Thursday that will give 18 working families $500 a month for 24 months. The city, in partnership with the Robins Foundation, has launched the Richmond Resilience Initiative. The program is intended to benefit families who no longer qualify for benefits ass[...]
VMI votes to remove Stonewall Jackson statue
On Thursday Virginia Military Institute’s Board of Visitors voted unanimously to remove the statue of Confederate Gen. Stonewall Jackson amid a state probe into reports of a culture of racism at the state-supported university. According to a statement from Bill Wyatt, VMI spokesman, the board “took bold and unanimous action [...]
Initial jobless claims on the rise again
The number of initial jobless claims in Virginia rose by 8.7% last week, the Virginia Employment Commission reported Thursday. For the week ending Oct. 24, 12,352 Virginians filed initial claims for unemployment, an increase of 987 from the previous week — rising to its highest level since mid-August, according to the VEC. Continued claims dropped […]
Va. Beach defense contractor wins $229.4M Navy contract
The U.S. Navy awarded Virginia Beach-based QED Systems Inc. a potential three-year, $229.4 million contract to help the branch develop specifications and implement an availability strategy for multiple naval ship classes, the U.S. Department of Defense announced Wednesday. QED Systems will perform support work referred to as “third party planning services” for the Navy’s guided-missile […][...]
The big dig commences
Crews broke ground Thursday on the $3.8 billion Hampton Roads Bridge-Tunnel (HRBT) expansion — the largest project in the Virginia Department of Transportation’s history and one of the largest infrastructure projects in the nation. Virginia Gov. Ralph Northam joined state and local leaders in a groundbreaking ceremony Thur[...]
Falwell sues Liberty University, claiming defamation
Jerry Falwell Jr. filed a lawsuit Wednesday in Lynchburg against Liberty University, claiming his former employer made defamatory statements about him. He also alleges in the lawsuit that his former business partner, Giancarlo Granda, who had a highly publicized affair with Falwell’s wife, has conspired against Falwell wit[...]
Va., Md., N.C. governors sign offshore wind collaboration
The governors of Virginia, Maryland and North Carolina on Thursday announced a three-state collaboration to advance offshore wind projects — the Southeast and Mid-Atlantic Regional Transformative Partnership for Offshore Wind Energy Resources. SMART-POWER will work to promote the Southeast and mid-Atlantic regions as a hub for[...]
Va. hotel revenues stay at steady decline
As the pandemic surges on, Virginia hotel revenues remain at a steady decline when compared to 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 Oct. 18 through Oct. 24, hotel revenues in Virginia decreased by 50% and […]
