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M.C. Dean announces phase 2 of $25M expansion in Caroline
Tysons-based M.C. Dean Inc. announced Monday it has entered the second phase of its $25 million expansion, breaking ground on an 84,000-square-foot modular manufacturing and systems integration facility at its Center for Innovation and Industry in Caroline County. The electrical engineering firm designs, builds, operates and maintains cyberphysical solutions for clients including local, state and […][...]
Va.-based indoor ski resort firm aims for national chain
Alpine-X LLC, a McLean-based indoor snow sports company, on Tuesday rolled out more details of Fairfax Peak, its $250 million indoor ski resort proposed to be built on parts of the I-95 Landfill Complex in Lorton, as well as its plans to make the resorts national. The public-private project in Fairfax County would be the [&helli[...]
Fairfax hydroponic farm expanding, creating 29 jobs in Herndon
Beanstalk, an indoor hydroponic farm in Fairfax County, plans to expand its operation, investing $2 million and creating 29 jobs, Gov. Ralph Northam announced Monday. Owners Mike and Jack Ross, brothers from Alexandria, started the business in 2018 and sell fresh salad mixes and fresh herbs to grocery stores and at farmers’ markets. The new […]
Spotsylvania bank building sold for $1.1M
A former Atlantic Union Bank branch office in Spotsylvania County has sold for $1,145,000, Cushman & Wakefield | Thalhimer announced last week. The 3,229-square-foot building at 5831 Plank Road sits on .94 acres. Katy Land Holdings LLC, based in Texas, purchased the building. Will McGoogan, Jamie Scully, CCIM and Berkley Mit[...]
Parsons names chief communications officer
Centreville-based defense contractor Parsons Corp. has named Jason Yaley as the company’s new chief communications officer, effective May 17. Previously, Yaley worked for Arlington-based Advanced Concepts and Technologies International (ACT I), where he served as chief management officer. Earlier in his career, Yaley serve[...]
CTSI names new president and CEO, chairman
Chantilly-based technology firm Corbett Technology Solutions Inc. (CTSI) named Joe Oliveri as its president and CEO on Tuesday. He replaces Gino Ruta, who is becoming chairman, the company announced in a news release. Oliveri joins CTSI from Johnson Controls, where he was vice president and general manager of global ducted syste[...]
Perspecta, now under Peraton, lands $473.8 million agreement
The U.S. Department of Defense has awarded a potential five-year transaction agreement valued at $473.8 million to Perspecta Enterprise Solutions LLC, now part of Herndon-based national security contractor Peraton Inc. The work supports the development of a comprehensive IT system to manage background investigations and security clearances for federal employees and contractors, according to last […][...]
Chantilly industrial building sold for undisclosed price
A 72,014-square-foot flex/industrial building in Chantilly has been sold, Edge Capital Markets announced last week. The building sold for an undisclosed price, but according to Fairfax County property records, it was assessed for $6.1 million in 2021. The building, which is 100% leased and occupied by five tenants, is in the Avi[...]
Coming attractions: 8 Regal theaters reopening in Va. this Friday
Just in time for the premiere of “Those Who Wish Me Dead,” Friday will mark the opening of eight Regal movie theaters across Virginia, part of a nationwide partial reopening of the cinema chain. Although some states have had multiple Regal multiplexes open since April, Virginia had only two open as of Thursday, in Springfield […]
Strategic Alliance Solutions awarded potential $215M MDA contract
Fairfax-based Strategic Alliance Solutions LLC has won a three-year contract from the Missile Defense Agency for a potential $215.59 million, the Department of Defense announced Monday. The contract, which has a three-year base value of $51.42 million, covers warfighter operational integration advisory and assistance services. In fiscal year 2021, the company will receive $5,675,000 for […]
Kongsberg wins Army contract extension worth $499M
The U.S. Army has awarded a $499.17 million contract modification to weapon stations provider Kongsberg Defence & Aerospace AS, a Norwegian company with its U.S. headquarters based in Alexandria. Work locations and funding will be determined with each order, the U.S. Department of Defense announced, estimating completion in September 2023. The contract for production, system […]
Reston-based Bowman Consulting Group raises $51.7M in IPO
Reston-based civil engineering company Bowman Consulting Group Ltd. has raised $51.73 million in its initial public offering that closed Tuesday, selling 3.69 million shares at $14 a share since Friday. Sold under the symbol BWMN on the Nasdaq Global Market, shares traded between $12.60 and $14.90 as of Tuesday afternoon. After closing its sale of […]
