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George Mason University launches Race, Politics, and Policy Center
George Mason University’s Race, Politics, and Policy Center launched Monday. American philosopher, author and political activist Cornel West will be its inaugural spring lecturer on April 14. GMU’s Schar School of Policy and Government professor Michael Fauntroy founded the center after returning to GMU from Howard Unive[...]
BAE Systems makes splash with potential $478M Navy contract
Arlington-based defense contractor BAE Systems Inc. has won a U.S. Navy contract worth up to $478 million if all options are exercised, the company announced Oct. 27. Under the five-year Systems Engineering and Integration Support Services contract, BAE Systems will continue supporting the U.S. Navy Strategic Systems Programs (SSP) office. The SSP oversees the Strategic […]
Amazon HQ2 budget, square footage are growing
Nearly three years after Amazon.com Inc. tapped Arlington as the home for its multibillion-dollar East Coast headquarters, construction is well underway, with the global e-tailer already hiring more than 3,000 Amazon HQ2 employees. Since the project was announced, three numbers have stood out: 25,000 jobs, 4 million square feet [...]
Getting off the road
For years, residents in the Fredericksburg region looked north for opportunity and higher-paying jobs. But more homegrown jobs and remote work are signs of change for the area, says Curry Roberts, president of the Fredericksburg Regional Alliance, which includes Fredericksburg and the counties of Caroline, King George, Spotsylva[...]
Fluence launches IPO that could raise $868M
Fluence Energy Inc., an Arlington-based energy storage and digital application company owned by Siemens and AES Corp., launched its initial public offering (IPO) of 31 million shares of Class A common stock Thursday at $28 per share. The company is trading on the Nasdaq Global Select Market under the ticker symbol “FLNC.” As[...]
UVA Community Health names interim CEO
Erik Shannon will become the interim CEO of University of Virginia Community Health on Nov. 5, the network announced Thursday. UVA Community Health is a network of outpatient services across Culpeper and Northern Virginia, with UVA Culpeper Medical Center, UVA Haymarket Medical Center and UVA Prince William Medical Center. Shannon was most recently a partner […]
Arlington agriculture nonprofit names first president and CEO
Arlington-based sustainability agriculture nonprofit Leading Harvest announced Friday that it has named Kenny Fahey as its first president and CEO. Fahey, who works remotely from Seattle, has been Leading Harvest’s executive director since its launch 18 months ago. He has enrolled more than 1.3 million acres across 29 states i[...]
Amentum to acquire PAE for $1.9B
Falls Church-based government contractor PAE Inc. (Pacific Architects and Engineers) has agreed to be acquired by an affiliate of Germantown, Maryland, aerospace defense contractor Amentum in a $1.9 billion all-cash deal. The transaction is expected to close by the end of the first quarter of 2022, at which time PAE will become a wholly owned […]
‘Frenzied’ housing market is normalizing
The residential real estate market frenzy in Virginia may be slowing to more normal conditions, the chief economist with Virginia Realtors said in a new report out this week. For the first time in more than a year, sales activity slowed in September, compared with a year ago. Last month, there were 13,079 home sales […]
Mac Curtis joins Blue Delta Capital Partners as venture fellow
Mac Curtis, the former chairman, president and CEO of Perspecta Inc., has joined McLean-based government services equity firm Blue Delta Capital Partners as a venture fellow. Herndon-based national security contractor Peraton Inc. acquired Chantilly-based federal IT contractor Perspecta in May for $7.1 billion. Curtis took Persp[...]
Chesapeake Bank donates $100k to Rappahannock hospital
Chesapeake Bank has pledged $100,000 toward building a new emergency department at Bon Secours Rappahannock General Hospital in Kilmarnock, the bank announced Wednesday. “As a community bank with several offices on the Northern Neck, Chesapeake Bank is proud to support the campaign for Rappahannock General Hospital,” Jeffrey Szyperski, CEO and President of Chesapeake Bank said […]
Va. hotel revenues remain below 2019 levels
Virginia hotel revenues for September decreased by 21% compared with pre-pandemic levels in September 2019, according to newly released data from STR Inc., a CoStar Group division that provides market data on the U.S. hospitality industry. During the same period, hotel rooms sold decreased by 6%. The average daily rate (ADR) paid for hotel rooms […]
