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FOR THE RECORD NOVEMBER 2024
CENTRAL VIRGINIA Altria Group and Virginia Commonwealth University are discussing the possibility of the university buying the 450,000-square-foot Altria Center for Research and Technology in downtown Richmond, the two parties acknowledged in October. The East Leigh Street building is assessed at $275 million. If the deal comes to fruition, Altria plans to build a new […]
Amazon, Dominion agree to explore nuclear development
With power consumption by data centers and AI projected to more than quadruple in Virginia in the next 15 years, Amazon.com and Dominion Energy Virginia have entered into an agreement to explore potential development of small modular nuclear reactors at North Anna Power Station in Louisa County, the two companies announced durin[...]
Pharma company invests $1.5M on Prince William expansion
Pharmaceutical manufacturer Granules Consumer Health, a subsidiary of Granules India, will invest $1.5 million into expanding its operations in Prince William County, Gov. Glenn Youngkin announced Monday. The company plans to install new manufacturing lines at its existing Manassas facility, with an aim of creating nearly 100 [...]
Raytheon wins $900M contract modification
The Department of Defense’s Missile Defense Agency has awarded a $900 million contract modification to Raytheon, a subsidiary of Arlington County’s RTX, according to a DOD notice posted Friday. Under the extension, Raytheon, a defense contractor that is also based in Arlington County, will continue operations and suppo[...]
GD subsidiary in Norfolk wins potential $123.3M contract
General Dynamics NASSCO, a Norfolk subsidiary of Reston aerospace and defense giant General Dynamics, was awarded a U.S. Navy contract worth up to $123.3 million last week for maintenance, modernization and repair of the USS Porter destroyer during fiscal 2025. The base amount of the firm fixed price contract to General Dynam[...]
Leidos wins $331M Army IT contract
The U.S. Army has awarded a $331 million IT contract to Leidos to modernize its network, the Reston-based Fortune 500 federal contractor announced Monday. The Army Program Executive Office for Command, Control, Communications and Network (PEO C3N), formerly known as the PEO C3T, awarded the contract, which has a one-year base pe[...]
Raytheon to pay $950M+ to resolve fraud, bribery charges
The U.S. Department of Justice announced Wednesday that Arlington County’s Raytheon, a subsidiary of aerospace and defense contractor RTX, has agreed to pay more than $950 million to resolve multiple allegations that include fraud and bribing a Qatari official. Under Wednesday’s settlement, Raytheon must pay the following penalties: For two counts of major fraud in […]
Appian taps new chief revenue officer
Mark Dorsey is the Appian’s new chief revenue officer, the McLean cloud computing and software company announced Oct. 11. He replaces Christopher Jones, who left in April to become chief revenue officer for New Relic, a software developer based in San Francisco. Dorsey, who has a MBA from the Carroll School of Management a[...]
Inova names president and chief of clinical enterprise
A surgeon who began working with Inova Health System in 1986 has been named president and chief of clinical enterprise following a national search, the Falls Church-based health system announced last week. Dr. John Moynihan had been acting chief of clinical enterprise since March, while also serving as president of Inova Surgica[...]
Three Va. universities have ‘some viability risks,’ report says
State researchers found Radford University, Virginia State University and the University of Mary Washington had “some viability risks,” according to a report released Monday, but none are in immediate danger of closing. The good news from the report conducted by the Joint Legislative Audit and Review Commission, which con[...]
HII’s Mission Technologies wins $458M DOD contract
Huntington Ingalls Industries’ McLean-based Mission Technologies division won a $458 million federal defense contract to modernize information technology architecture. Under the five-year task order, which HII announced Tuesday it had won, the division will use model-based systems engineering to develop, assess and implement t[...]
For The Record October 2024
Central Virginia Fortune 500 company CarMax will be the naming sponsor for the Richmond Flying Squirrels’ new ballpark starting with the 2026 season, the Double-A Minor League Baseball team announced Sept. 4. The Diamond’s replacement will be known as CarMax Park. Although Squirrels President and Managing Partner Lou DiBella said that the deal with CarMax […]
