Sign In
Free Newsletter
BAE Systems lands $400M Air Force contract
The U.S. Air Force awarded Arlington-based defense contractor BAE Systems Inc. a $400 million contract to develop an air vehicle system for the Skyborg program, a team of unmanned aerial vehicles (UAV) that use artificial intelligence to adapt to battlefield conditions. “The need to generate combat power faster than our advers[...]
Va. initial jobless claims jumped nearly 25% last week
The number of initial jobless claims in Virginia rose by 24.75% last week, the Virginia Employment Commission reported Thursday. For the week ending Oct. 17, 11,365 Virginians filed initial claims for unemployment, an increase of 2,255 from the previous week, according to the VEC. And the number of initial claims filed during the week ending […]
CarLotz plans to go public on Nasdaq
Chesterfield County-based CarLotz Inc., a consignment dealer of used cars, announced Thursday it plans to go public and expand nationwide. CarLotz, which is valued at $827 million, will combine with Miami-based Acamar Partners Acquisition Corp., a publicly traded special purpose acquisition company, to make it a public company[...]
Accenture Security managing director leaving
Anup Ghosh is leaving his position as managing director and global platforms lead for Arlington-based Accenture Security to become the CEO of Bethesda, Maryland-based Fidelis Cybersecurity. Hired in 2018, Ghosh directed the U.S. security division of Ireland-based Accenture plc, a global professional services provider that posted[...]
Northam signs bills on COVID-19, criminal justice
Gov. Ralph Northam signed 16 bills from the General Assembly’s fall special session into law on Wednesday, many of which were related to the COVID-19 pandemic and criminal justice reforms. Northam also proposed changes to five bills. “I am proud to sign new laws that strengthen our COVID-19 response efforts and make our [...]
Northam announces $65.8M to increase child care access
Virginia Gov. Ralph Northam and first lady of Virginia Pamela Northam announced $65.8 million in new funding on Wednesday to increase access to child care and support child care providers amid the ongoing COVID-19 pandemic. This new investment is supported by $58.3 million in Coronavirus Relief Fund dollars as well as a realloca[...]
Loudoun County allocates additional small business funding
The Loudoun County Board of Supervisors has allocated an additional $145,000 to fund 29 more businesses with $5,000 COVID-19 Business Interruption Fund grants, Loudoun Economic Development announced Wednesday. The additional allocation will allow the fund to cover all 660 certified eligible businesses that applied for the county’s fifth round of COVID-19 small business relief funding. […]
Hotel industry recovery ‘a long way off’
Virginia hotel revenues continue at a steady decline 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. 11 through Oct. 17, hotel revenues in Virginia decreased by 50% and rooms sold declined by 31%, compared […]
VCU received record $335M in research funding for 2020
Virginia Commonwealth University received a record $335 million in sponsored funding for research during fiscal year 2020 — an 8% increase from 2019, the university announced Wednesday. “VCU’s ongoing commitment to its faculty, interdisciplinary research and investment in research infrastructure have translated into these record levels — which have grown by a third — over […]
Reston contractor wins $135M DHS task order
Reston-based AceInfo Solutions LLC announced Tuesday it had been awarded a potential five-year, $135 million task order from the Federal Emergency Management Agency’s (FEMA) National Flood Insurance Program (NFIP). Under the task order, AceInfo (a subsidiary of McLean-based Dovel Technologies) will provide services to support the development, maintenance and modernization of NFIP’s web-based PIVOT system, […][...]
Virginia extended individual tax filing deadline is Nov. 2
The six-month filing extension deadline for individual income taxes in Virginia is Monday, Nov. 2, Virginia Tax reminded taxpayers Wednesday. “Last year, more than 488,000 taxpayers took advantage of the automatic, six-month filing extension in Virginia, and the majority of those returns came in electronically,” Virginia Tax Commissioner Craig M. Burns said in a statement. […]
Liberty University finance probe issues call for whistleblowers
A firm conducting an investigation at Liberty University will use an encrypted website to allow anonymous whistleblower complaints focused on financial misconduct by “current or former members of university leadership,” the university announced Tuesday night. Chicago-based public accounting firm Baker Tilly US began [...]
