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Activist hedge fund buys 5.9% stake in Perspecta
New York City-based activist hedge fund Jana Partners LLC has acquired 5.9% (9.4 million shares) of the stock of Chantilly-based government contractor Perspecta, according to U.S. Securities and Exchange Commission documentation. According to a Reuters report, Jana Partners is expected to encourage Perspecta to pursue a sale or merger. Jana intends to push Perspecta stock […]
McLean analytics company acquires Md. software firm
McLean-based analytics technology company Novetta Solutions LLC announced Monday it has acquired Annapolis Junction, Maryland-based software and analytics company WaveStrike LLC. The financial details of the transaction that closed on June 10 were not disclosed. “Combining our complementary capabilities and talented teams mean stronger support for our customers,” Novetta President and CEO Tiffanny Gates said […][...]
Calif. tech firm’s $12.4M Va. relocation will create 700 jobs
Calabasas, California-based tech and professional services company ASGN Inc. will invest $12.4 million to move its corporate headquarters and operations to Virginia, creating a total of 700 jobs, Gov. Ralph Northam announced Monday. “The creation of 700 new jobs is critical as we work to rebuild and strengthen our economy from the impacts of COVID-19,” […]
Arlington defense contractor wins Air Force contract worth up $950M
Arlington-based aerospace and defense contractor Raytheon Intelligence and Space was awarded an Air Force contract valued up to $950 million to aid in developing a command and control network. One of the four business segments of Waltham, Massachusetts-based Raytheon Technologies Corp., Raytheon Intelligence and Space will work to develop the Advanced Battle Management System (ABMS) […]
$14.66M in GO Virginia funds redirected to COVID-19 recovery initiative
More than $14.66 million of Growth and Opportunity for Virginia (GO Virginia) funding for economic development has been redirected to a new Economic Resilience and Recovery Program in response to COVID-19-related economic impacts, Gov. Ralph Northam announced Monday. “The COVID-19 pandemic has had an unprecedented impact on our economy, and we must use every asset […]
GMU selects three finalists for $250M Institute for Digital InnovAtion
George Mason University on Monday announced three development and property management firms as finalists to build and operate its proposed $250 million Institute for Digital InnovAtion (IDIA), set to open in September 2025 on its Arlington campus. The university released a request for proposals in February, to which 105 develope[...]
Virus cases spike among Latino population in Richmond area
The Richmond region has seen a dramatic increase in the number of COVID-19 cases among Latinos because of workplace spread, health officials reported Friday. Although Hispanics make up only 6.5% of the population in the city of Richmond, they represent 30% of all virus cases and 30% of hospitalized patients there, said Richmond [...]
Va. COVID cases down nearly 38% from prior week
New COVID-19 cases in Virginia dropped by nearly 38% this week, with the commonwealth reporting 3,635 new confirmed and probable cases for the 7-day period ending June 15, down 5,853 new cases during the prior week. The state has had 1,552 deaths from the coronavirus since the pandemic began. Nevertheless, last week, the Unite[...]
Central Va. CEOs ‘unhappy’ with pace of reopening
Although a majority of Central Virginia CEOs have an improved outlook for sales, capital spending and employment for the next six months, they’re unhappy with the pace of reopening, according to a follow-up 2020 CEO Economic Outlook Survey released Friday by the University of Richmond’s Robins School of Business and the Virginia Council of CEOs […]
State extends utility disconnect ban to Aug. 31
The Virginia State Corporation Commission (SCC) announced Friday it has extended the moratorium on service disconnections for electricity, natural gas, water and sewer utilities customers until Aug. 31. The SCC first ordered a 60-day ban on disconnecting utilities in mid-March for customers who have been unable to pay bills due to the COVID-19 pandemic. It […]
Spaceflight Industries closes deal with Japanese companies
Seattle-based Spaceflight Industries Inc. — which has a Herndon location — announced Friday it has officially sold its satellite rideshare business to Tokyo-based Mitsui & Co. Ltd. and Chiba, Japan-based Yamasa Co. Ltd. Financial terms of the transaction were not disclosed. The sale was first announced in February and passed a review by the U.S. […]
Va. launches platform to connect people to jobs, education
With more than 400,000 Virginians unemployed, the state has launched a platform designed to connect people to educational and work opportunities broken down by region, Gov. Ralph Northam announced Friday. The Virginia Career Works Referral Portal connects people to training, certification, education and employment services to aid in job search and career development. Users can […]
