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Northrop Grumman division lands $458M Navy contract
A division of Falls Church-based Northrop Grumman Corp. won a $458 million contract to support the Navy’s Columbia and Dreadnought Fleet Ballistic Missile Program, the U.S. Department of Defense announced Friday. Under the cost-plus-incentive-fee and cost-plus-fixed-fee contract, Northrop Grumman’s Marine Systems in Sunnyvale, California, will provide fiscal 2022 through 2026 shipyard field operations, program management, […][...]
McLean-based ID.me lays off 54 workers
McLean-based tech company ID.me Inc. has laid off 54 employees, months after the Internal Revenue Service — among other government agencies — said it would drop its plan to require taxpayers to submit to facial recognition via ID.me’s software. Fifty-four employees lost their jobs, according to the Worker Adjustment an[...]
Peraton nets $916M intelligence contract
Herndon-based Peraton Inc. has been selected for a seven-year contract valued at $916 million to provide integrated, enterprise-wide management services to the Office of the Director of National Intelligence, the company announced Tuesday. The task order includes communications, human capital, data analysis, knowledge management[...]
Alexandria apartments sell for $50.1M
Baltimore-based Continental Realty Corp. has sold 101 North Ripley Apartments in Alexandria for $50.1 million, the company announced last week. Washington, D.C.-based real estate investment and management firm Willow Creek Partners acquired the apartment community, formerly known as Parkwood Court. The community has 189 units, w[...]
Lingerfelt sells Va. Beach hotel for $82M
Richmond-based commercial real estate investment firm Lingerfelt Commonwealth Partners LLC has sold the Delta Hotel by Marriott Virginia Beach Bayfront Suites for $82 million to New York-based Black Pearl Capital, Lingerfelt announced June 17. Lingerfelt Commonwealth Partners acquired the hotel in 2018 for $19 million and comple[...]
Leonardo DRS, Israeli company to merge
Arlington-based Leonardo DRS Inc., a subsidiary of Italian defense contractor Leonardo SpA, and Israel-based Rada Electronic Industries Ltd. have entered into a definitive agreement to merge and become a combined public company later this year, the contractors announced Tuesday. Rada will become a wholly-owned subsidiary of Leon[...]
Two govcons to merge, move HQ to NoVa
Colorado-based government contractor Vectrus Inc. and Mississippi-based The Vertex Co. will merge to form a company that will be based in Northern Virginia. Vectrus shareholders approved the all-stock merger, expected to close in the third quarter of 2022, on Wednesday. The combined company will be named V2X Inc. and will trade [...]
Amazon HQ2’s Ardine Williams retires — again
Ardine Williams, vice president of HQ2 workforce development for Amazon.com Inc., has retired — again — Amazon confirmed this week. Williams, who had been one of Amazon’s most high-profile Virginia executives, was leading the effort to hire 25,000 workers by 2030 for Amazon’s multibillion-dollar HQ2 East Coast [...]
Richmond Raceway names new president
When Lori Collier Waran was a young girl, she spent a lot of time around Richmond Raceway. Her grandparents lived just blocks away and her grandfather would volunteer to park cars so he could watch races. Sometimes Waran tagged along, too. “The raceway was sort of my playground,” she recalled. Now, the raceway will b[...]
VCU’s theater department receives $5M donation
Virginia Commonwealth University has received a $5 million donation from Charlottesville resident James H.T. McConnell Jr. for the Department of Theatre in the School of Arts, the university announced Thursday. The gift will create three endowed funds to promote education and social awareness and to examine social justice throug[...]
Metro bringing back first group of 7000-series trains
The Washington Metropolitan Area Transit Authority announced Wednesday that it will return eight 7000-series trains to service on Thursday, months after all 748 railcars were taken off track due to a wheel malfunction that caused a derailment near Arlington National Cemetery. The return of eight trains — with eight railcars ea[...]
Va. Beach economic development director is finalist for Oregon job
Virginia Beach Deputy City Manager and Director of Economic Development Taylor Adams is one of three finalists to be the next city manager in Salem, Oregon. Adams has worked for the city of Virginia Beach since 2015 and became deputy city manager in 2021. He heads up the city’s economic development department, and also has[...]
