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Canadian company to spend $22.8M to expand to Suffolk
Toronto-based Automatic Coating Ltd., which provides advanced custom powder, liquid, and blasting, will invest $22.8 million to open its first U.S. location in Suffolk, adding an estimated 50 jobs, Gov. Glenn Youngkin announced Thursday. Virginia competed with Florida for the project. The move supports an existing contract with [...]
Three Va. universities land on top patents list
Three Virginia research universities have made the National Academy of Inventors’ new list ranking the nation’s universities that were granted the most patents in 2022. The University of Virginia, Virginia Commonwealth University and George Mason University each made the list released Aug. 30, ranking 43rd, 86th and [...]
ManTech completes Definitive Logic acquisition
Herndon-based ManTech International has completed its acquisition of Arlington County-based Definitive Logic. ManTech provides technology solutions for U.S. defense, intelligence and federal civilian agencies. The company announced the completion of the deal, first announced Aug. 1, on Tuesday. Terms of the deal were not disclos[...]
Sandpaper manufacturer to expand in Va. Beach
Hermes Abrasives USA, the U.S. subsidiary of Hamburg, Germany-based Hermes Abrasives, will invest $5.6 million in a Virginia Beach expansion that will add an estimated 30 jobs, Gov. Glenn Youngkin announced Wednesday. Hermes Abrasives manufactures coated and bonded abrasives and grinding tools. The company will return its narrow[...]
Rocket Lab, Leidos sign contract for 4 rocket launches
California-based Rocket Lab USA has signed a contract with Reston-based Fortune 500 contractor Leidos to launch four Hypersonic Accelerator Suborbital Test Electron (HASTE) missions, the launch company announced Tuesday. The suborbital testbed launch vehicle missions will lift off from Rocket Lab’s Launch Complex 2 at the [...]
Maximus fined by SEC for proxy, reporting violations
Tysons-based federal technology contractor Maximus will pay $500,000 in civil penalties to settle a charge that it failed to disclose it had employed the siblings of one of its executive officers. According to a settlement announced by the U.S. Securities and Exchange Commission Monday, Maximus appointed a business segment leader and longtime employee as an […]
HawkEye 360 promotes COO to president
HawkEye 360’s chief operating officer has been promoted to president, the Herndon-based satellite analytics company announced Tuesday. Rob Rainhart joined HawkEye 360 as vice president of engineering in 2016, a few months after the company’s 2015 founding, and has served as its chief operating officer since 2019. His new rol[...]
Virginia Tech research institute receives $50M gift
A foundation established by the estate of Richmond philanthropist Bill Goodwin‘s late son, Hunter, has made a $50 million commitment to support cancer and neuroscience research at the Fralin Biomedical Research Institute at VTC, Virginia Tech announced Tuesday. The gift is one of three record $50 million donations Virginia[...]
SAIC lands $574M Space Force radar systems contract
Science Applications International Corp. will maintain and modify the U.S. Space Force’s ground-based radar sensor systems under a $574 million contract, the Reston-based Fortune 500 contractor announced Monday. Under the Ground-Based Radar Maintenance and Sustainment Services (GMASS) contract, announced Aug. 29 by the Pentagon, SAIC will provide ongoing sustainment, modifications and improvements to the Space […][...]
Alexandria’s SPA acquires aerospace co.
Alexandria-based Systems Planning & Analysis, a portfolio company of investment firm Arlington Capital Partners, has acquired Florida aerospace engineering company PRKK. Terms of the deal, which was announced Wednesday, were not disclosed. Founded in 2006 with primary work locations in Virginia and Colorado, PRKK has about 125 employees who will become part of SPA’s space […]
Leidos receives $918M Homeland Security contract
Reston-based Fortune 500 contractor Leidos has received a follow-on contract valued up to $918 million to support and enhance the U.S. Department of Homeland Security’s networks, the company announced Thursday. The Homeland Enterprise Information Technology Secure Services and Support (HEITS) contract was awarded Aug. 15. [...]
UR biz school receives $10M donation
The University of Richmond’s Robins School of Business received an anonymous $10 million gift from an alumnus to establish an endowed scholarship fund, the school reported Thursday. The alumnus studied accounting and finance at UR and stocked groceries to fund his tuition and other expenses, the school said. “Access and affo[...]
