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Leonardo DRS lands $120M Navy contract
Arlington-based defense contractor Leonardo DRS Inc. announced Monday it has won a $120 million U.S. Navy contract to provide engineering design and test software for aircraft protection systems. The contract was awarded through the U.S. Naval Air Systems Command, and the project will be completed on the AN/AAQ-45 Distributed Aperture Infrared Countermeasure (DAIRCM). The DAIRCM […]
Dollar Tree CEO retires; successor named
Chesapeake-based Fortune 200 discount retail giant Dollar Tree Stores Inc. announced Monday that CEO Gary Philbin has retired, but will remain an executive and member of the company’s board of directors through Sept. 23. Dollar Tree Enterprise President Michael A. Witynski has been promoted to president and CEO. “The boa[...]
General Assembly special session set for Aug. 18
Gov. Ralph Northam set the General Assembly’s special session for Aug. 18 in a proclamation Friday. Lawmakers will adopt the biennial budget based on the revised revenue forecast, and they also plan to discuss policing measures in light of ongoing protests against police brutality. A finalized agenda has not yet been issued, but the House […]
Ex-CommuniClique CEO sentenced for money laundering, fraud
The founder and former CEO of Reston-based CommuniClique on Wednesday was sentenced to more than 12 years in prison in an Alexandria federal court for money laundering and fraud that caused losses of $25 million to investors, according to the U.S. Attorney’s Office for the Eastern District of Virginia. “Andrew B. Powers stole $25 million […]
Montreal investment firm buys Herndon software company
Montreal-based software company investor Valsoft Corp. announced Thursday it will acquire Herndon-based AllTrust Networks, which provides check cashing software. A transaction amount was not disclosed. “We are proud of what we’ve accomplished and want to continue in that direction within Valsoft,” AllTrust CEO Karl Lewis said in a statement. “We have invested significantly in the […][...]
15 women accuse former Redskins employees of sexual harassment, abuse
On Thursday evening, The Washington Post detailed the experiences of 15 former female Washington Redskins employees who said they were sexually harassed and verbally abused during their time with the Ashburn-based team. And on Thursday afternoon, the Associated Press first reported that Redskins owner Dan Snyder had hired a Wash[...]
Richmond affordable housing complex sells for $4.8M
An affordable housing apartment complex in Richmond has sold for $4.8 million, commercial real estate investment firm Greysteel announced Monday. The McGuire Park Apartments were built in 1945 and redeveloped in the early 2000s through the Low Income Housing Tax Credit program. Richmond Area Housing purchased the 80-unit compl[...]
Roanoke airport commission buys 17 acres for $2M+
The Roanoke Regional Airport Commission, which owns the Roanoke-Blacksburg Regional Airport, has purchased 17 acres of undeveloped land surrounding the airport for $2.25 million, Roanoke-based Poe & Cronk Real Estate Group announced Tuesday. The sale includes 3.7 acres at the intersection of Municipal and Aviation Drive, 4.6 acres at the intersection of Thirlane and Tom […]
Dominion pledges $35M for HBCUs in Virginia, three other states
Dominion Energy Inc. announced Thursday its $35 million initiative that will include a $10 million scholarship fund for Black students and other underrepresented minorities and also support historically Black colleges and universities (HBCUs) in Virginia and three other states. More details will come soon, according to a news release from the utility company, which recently […]
Eastern Va. home sales increased by 31% in June compared to 2019
The number of Eastern Virginia homes that went under contract in June rose by more than 31% compared to June 2019, according to statistics released by Virginia Beach-based Real Estate Information Network Inc. (REIN), a regional real estate listing service. “The market is robust despite the initial worries of COVID-19, and we will continue to […]
1M+ Virginians have filed jobless claims since January
Since January, more than 1 million Virginians have filed initial jobless claims, according to the Virginia Employment Commission. More than 32,000 Virginians filed initial jobless claims last week, according to a VEC statement released Thursday. The week before last, Virginia had the fourth-highest increase in initial jobless claims in the nation, but that was not […]
K12 Inc. to hire 1,300 online educators during pandemic
Herndon-based online education provider K12 Inc. announced Wednesday it plans to hire more than 1,300 educators for the 2020 through 2021 school year, in light of a massive push to move education online during the pandemic. Across Virginia, schools have been making decisions regarding reopening in the fall, with some already opting for full online […]
