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VSE calls off $100M sale of business to equity firm
Alexandria-based distribution and maintenance provider VSE Corp. has called off an agreement to sell off its federal and defense segment for up to $100 million to Louisiana-based private equity firm Bernhard Capital Partners. The deal was announced in May, and the companies said in a news release Wednesday that they mutually agreed to terminate the […]
October 2023 FOR THE RECORD
Central Health system Bon Secours filed suit against insurer Anthem Health Plans of Virginia Aug. 30 in Henrico County Circuit Court, alleging Anthem owes Bon Secours $93 million in unpaid claims. The plaintiff, BSMH Virginia, alleges Anthem Health Plans of Virginia, doing business as Anthem Blue Cross and Blue Shield, failed to pay “in excess […]
Virginia’s back in game to score Commanders stadium
The $6.05 billion sale in July of the Washington Commanders by embattled former owner Dan Snyder did more than set a world record for the highest price paid for a professional sports team. The deal also reignited Virginia’s bid to persuade the Ashburn-based NFL team to move its stadium here. Lawmakers up for re-election in No[...]
Federal shutdown could have deep impacts in Va.
In late 2018, the last time the federal government shut down for an extended period, Eric Ingram was furloughed from his job at the U.S. Federal Aviation Administration for six weeks. He used that time to co-found a startup focused on space safety, Scout Space. Launched in 2019, the Alexandria-based technology startup now has se[...]
Northrop Grumman lands $705M missile contract
Falls Church-based aerospace contractor Northrop Grumman will develop and test the Air Force’s new air-to-surface missile under a $705 million contract. Under the contract, announced Monday by the Air Force and the Fortune 500 contractor, the company will develop, integrate and complete flight testing and rapid prototyping[...]
August NoVa home price growth outpaces national rate
Home prices grew faster in Northern Virginia than nationally in August, according to a Northern Virginia Association of Realtors report released Monday. The Northern Virginia market also had lower inventory than the nationwide market, but sales declined in both markets. “Despite mortgage rate increases, demand for housing is o[...]
Two NoVa companies receive $1.5B DOD tech contract
Two Northern Virginia-based federal contractors have received a five-year contract valued up to $1.5 billion to provide analytic and technical support services to the Department of Defense’s administrative and management organization. Falls Church-based Analytic Services, known as ANSER, and Alexandria-based Systems Planning & Analysis, known as SPA, will provide acquisition and sustainment, portfolio management, engineering [...]
Arlington drone company closes deal on AI robotics co.
Arlington County-based AeroVironment, a defense contractor that manufactures unmanned aircraft, has completed its $120 million acquisition of Melbourne, Florida-based Tomahawk Robotics, the company announced Sept. 18. Tomahawk develops AI-enabled robotic control and integrated communications systems, including its flagship syste[...]
Kaine, Warner announce $100M for rail bridge in NoVa
U.S. Sens. Mark R. Warner and Tim Kaine announced $100 million in federal funds Thursday for the Virginia Passenger Rail Authority to build a rail bridge to ease congestion along a busy stretch of railway in Fairfax County. The money will go toward design and construction of the Franconia-Springfield Bypass, a bridge that will allow Amtrak […]
Data centers added $54.2B to Va. GDP over five years
The data center industry contributed $54.2 billion to Virginia’s gross domestic product from 2017 to 2021, according to a PricewaterhouseCoopers study released Tuesday. That calculation includes indirect impacts from other businesses as part of the data center industry supply chain and induced impacts resulting from household [...]
GDIT names new chief growth officer
Falls Church-based General Dynamics Information Technology has named Paul Tartaglione as its new chief growth officer, the company, a subsidiary of Fortune 500 contractor General Dynamics, announced Monday. Tartaglione started in his new role Monday. He joined GDIT from McLean-based Fortune 500 management consultancy Booz Allen [...]
JK Moving hires talent development director
JK Moving Services has hired Carrie Haas as its director of talent development, the Sterling-based moving company announced Monday. Haas will lead training and talent development for JK Moving and its sister company, CapRelo, an employee relocation and assignment management firm. She will develop, coordinate and facilitate talen[...]
