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HII wins contract for Australian submarine supplier pilot program
Newport News-based Huntington Ingalls Industries has been awarded a contract from the Australian government to develop and run the new Australian Submarine Supplier Qualification (AUSSQ) pilot program that will build a submarine supply chain between the United States and Australia over the next two years, HII announced March 11.[...]
$120M TowneBank-Village Bank acquisition approved by state, FDIC
Suffolk-based TowneBank’s $120 million acquisition of Midlothian’s Village Bank and Trust Financial Corp. has been approved by the FDIC and the Virginia State Corporation Commission, clearing the way for a completed deal in early April, the two banks said Tuesday. Announced in September 2024, the combined bank, which[...]
Executive to retire after three decades at S.L. Nusbaum
Frank H. Cowling, Jr. a partner and senior vice president of private asset management at S.L. Nusbaum Realty, plans to retire at the end of March after four decades working in commercial real estate, according to a Tuesday announcement by the Norfolk-based real estate development company. Cowling joined S.L. Nusbaum in 1994 as v[...]
Defense optics manufacturer to open Virginia Beach facility
Vidarr, which makes night vision goggles and other defense optical equipment, will invest $2.69 million over the next three years to open a manufacturing facility in Virginia Beach, a project estimated to create 40 jobs, Gov. Glenn Youngkin announced Friday. The New Hampshire company’s manufacturing facility is moving into[...]
HII installs 3D printed valve manifold assembly on aircraft carrier
Huntington Ingalls Industries announced Tuesday that it has successfully used additive manufacturing for the first time to build a valve manifold assembly for a new construction aircraft carrier at HII’s Newport News Shipbuilding subsidiary. NNS says it is integrating additive manufacturing, also known as 3D printing, into[...]
Former Tyson Foods executive to become Dollar Tree CFO
Chesapeake-based Fortune 500 discount retailer Dollar Tree announced Wednesday that former Tyson Foods executive Stewart Glendinning will become the company’s next chief financial officer, effective March 30. Glendinning joined the company earlier this year in a senior role focused on transformation initiatives, including [...]
Norfolk casino hires general manager
Ron Bailey has been selected as vice president and general manager for Norfolk’s forthcoming casino, its operators announced Monday. He most recently was vice president and general manager of the Valley Forge Casino Resort in Pennsylvania, which is owned by Boyd Gaming, a partner in the $750 million Norfolk resort with the[...]
Eastern Va. Year-in-Review: Region aims to lean in on energy, defense sectors
A new economic development plan for Hampton Roads seeks to build on the region’s strengths as a long-time maritime and defense industry center, while also focusing on the energy sector. With 17 cities and counties, the region has struggled to work together as one cohesive unit, leaders have said over the years, but the Ham[...]
Eastern Va. Big Deal: Chesapeake’s LS GreenLink plant will have high profile
Soon, the tallest building between Philadelphia and Charlotte, North Carolina, will be located not in an urban center but on the banks of the Elizabeth River in Chesapeake. Groundbreaking is expected to begin as early as March on LS GreenLink USA’s $681 million offshore wind subsea cable manufacturing facility, the first i[...]
Langley Federal Credit Union CEO to retire
Langley Federal Credit Union President and CEO Tom Ryan will retire at the end of the year, following 13 years of leading the Newport News financial institution. The credit union, which is the fourth largest credit union based in Virginia, announced Ryan’s retirement Wednesday and credited him with overseeing significant g[...]
HII’s CEO doesn’t expect major defense spending cuts under Trump
President Donald Trump’s suggestion last week that he could cut U.S. defense spending in half spooked the stock market — but the CEOs of Virginia’s Huntington Ingalls Industries and Science Applications International Corp. are taking Trump’s statement in stride. Thursday afternoon, Trump said, “One of t[...]
Hampton University achieves prestigious R2 research status
Hampton University announced last week that it has obtained Research 2 designation — making it one of the few historically Black colleges and universities to do so. The university received the designation from the Carnegie Classification of Institutions of Higher Education, which ranks research institutions based on the volume[...]
