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Northrop Grumman appoints global biz development officer
Stephen O’Bryan will become corporate vice president and global business development officer for Falls Church-based Fortune 500 aerospace and defense contractor Northrop Grumman Corp. on Feb. 6. Northrop Grumman announced that the board of directors elected O’Bryan on Monday. O’Bryan will lead business development organiza[...]
Ashland fire protection firm CEO retires
Ashland-based VSC Fire & Security (VSC) President Tommy Clements has assumed the added role of CEO, following former CEO Mike Meehan’s retirement, the fire protection and security company announced in mid-January. Meehan retired on Dec. 31, 2022. He will continue to serve on the board of directors as non-executive chairman[...]
Report: Air taxis could land Va. $16B in new biz by 2045
Air taxis could generate up to $16 billion in new business in Virginia and carry as many as 66 million passengers by 2045, according to an economic impact study released Tuesday. The report, commissioned by the Virginia Innovation Partnership Corp. and the state commerce and trade secretary, forecasts short, carbon-free flights[...]
HII taps former DOD chief of staff as EVP
Eric Chewning, who was chief of staff for two acting defense secretaries in the Trump White House, became Newport News-based Fortune 500 shipbuilder Huntington Ingalls Industries Inc.’s executive vice president of strategy and development on Monday. Chewning will guide corporate strategy and identify opportunities for grow[...]
State’s oldest bank to trade on Nasdaq
In 1858, the Mount Vernon Ladies’ Association bought George Washington’s former home, seeking to preserve the historic estate for a country on the brink of civil war. A key player in this transaction was Alexandria-based Burke & Herbert Bank & Trust Co., which also protected the association’s assets during the Civi[...]
Spearhead Trails aims for recreational shooting boost
The Southwest Regional Recreation Authority (SRRA) will use a $750,000 federal grant to further develop its Spearhead Trails Sportsman Adventures Complex in Dickenson County. A ribbon-cutting for the 150-acre complex in Clintwood was held in August 2022, when the complex had two archery ranges, plus shooting ranges for pistols, [...]
February 2023 Top Five
The top five most-read daily news stories on VirginiaBusiness.com from Dec. 15, 2022, to Jan. 13 included an update on the planned merger of Eastern Virginia Medical School into Old Dominion University. 1 | Youngkin budget outlines EVMS/ODU merger by 2024 EVMS would merge with ODU by July 2024, according to Gov. Glenn Youngkin’s proposed […]
Tech researchers aim to transform power grid
Across the American landscape about 3,000 more wind turbines have popped up every year since 2005, and more than 2.7 million homes in the U.S. now sport solar panels. The power grid also is transforming, but the system is still better suited to centralized coal-fired plants, not widely dispersed sources of renewable energy. A fo[...]
Incubator hopes to grow Virginia winemaking
Tim and Ben Jordan are first-generation grape growers on a Shenandoah Valley farm that has been in their family since the 1700s. Although the brothers “leapt off the ground quite blindly” to pursue their passion, Tim Jordan says — first planting grapes in 2007 — their dream of building a winery on the farm proved [&hel[...]
After the crisis
During summer 2020, racial inequities took center stage in the United States as protesters took to the streets after the murder of George Floyd, a 46-year-old Black man, by a Minneapolis police officer was captured on video and widely disseminated via social media and news outlets. Corporate America also responded, primarily thr[...]
Danville lacks housing options for workforce
Danville is having a “Field of Dreams” dilemma. The famous movie quote, “If you build it, they will come,” rings all too true in the former mill town, which is attracting companies to its industrial parks and old Dan River Mills properties, along with a $650 million casino. It’s good news on paper, but where […]
Fort Monroe development moving forward
Apartments, a 250-person event center, a boutique hotel, a 500-seat restaurant, a marina and a firing range will soon dot the landscape at Fort Monroe with the help of historic tax credits, public funds and private investment. Hanover County-based Echelon Resources Inc. was named master developer by the Fort Monroe Authority for[...]
