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Northrop Grumman secures $252M Marine Corps contract
Falls Church-based Fortune 500 defense contractor Northrop Grumman Corp. landed a $252 million contract to produce and test a handheld precision ground targeting system for the U.S. Marine Corps, the Department of Defense announced Thursday. Under the hybrid, follow-on contract, Northrop Grumman will work on the Next Generation Targeting Handheld System, a lightweight, man-portable system […][...]
AutoZone to build $185M distribution center in New Kent
Auto parts retailer AutoZone Inc. plans to build a $185.2 million warehouse and distribution center in New Kent County, creating 352 jobs, Gov. Glenn Youngkin announced Friday. The 800,000-square-foot facility will serve as the company’s East Coast distribution operation, according to the governor’s office. Based in [...]
Fairfax telecom software provider acquires N.J. firm
Fairfax-based telecommunications tech provider Teoco announced Tuesday it had acquired New Jersey-based software company Software Synergy Inc. Financial terms of the transaction were not disclosed. “As we look to strengthen Teoco’s presence in the North American market, we are proud of our strategic acquisition of SSI to enh[...]
Manassas bio research supplier wins $5.5M in federal grants
Manassas-based biological materials management nonprofit American Type Culture Collection (ATCC) announced Tuesday that it won three Defense Threat Reduction Agency grants valued at more than $5.5 million to identify new therapeutic approaches to viruses. “ATCC is committed to supporting this global health initiative by pr[...]
GDIT secures $162M DISA Agency contract
Falls Church-based General Dynamics Information Technology Inc. (GDIT) announced Wednesday it had secured a potential $162 million contract with the Defense Information Systems Agency (DISA) to secure identity, access and account management for U.S Department of Defense applications. The Identity, Credential and Access Management (ICAM) Other Transaction Authority (OTA) Phase III production agreement has a […][...]
Virginia Beach medical building sells for $21M
A medical office building in Virginia Beach sold for $21 million, Nashville, Tennessee-based buyer Montecito Medical Real Estate announced Thursday. Located at 1717 Will O’ Wisp Drive, the two-story Beach Medical Pavilion has 52,000 square feet. Its tenants are Gastroenterology Ltd. of Virginia Beach and OrthoVirginia. The pro[...]
Arlington’s The Millennium apartment building sells for $200.5M
An affiliate of Washington, D.C.-based The UIP Companies Inc., in partnership with New Jersey-based furnished housing company Churchill Living, purchased The Millennium apartment building in Arlington for $200.5 million on Jan. 20, Arlington property records show. Located at 1130 S. Fair St., near Metropolitan Park — the first[...]
Peraton lands $2.69B Homeland Security contract
Federal contractor Peraton Inc.’s subsidiary, Perspecta Engineering Inc., landed a potential 10-year, almost $2.69 billion contract to assist the U.S. Department of Homeland Security, the company announced Wednesday. Under the indefinite quantity, indefinite quantity contract, Peraton will assist with Data Center and Cloud Opt[...]
Dan Snyder owns Va.’s most expensive house
Virginia’s most expensive mansion now belongs to one of the most famous men in the commonwealth. River View, once part of George Washington’s Mount Vernon, in Alexandria, was sold on Oct. 29, 2021, for $48 million, according to TTR Sotheby’s International Realty. The agency brokered the sale of the 7-bedroom ho[...]
Reston HR firm acquired by New York insurance broker
New York-based insurance broker and consultant NFP Corp. announced Thursday it had acquired Reston-based Helios HR LLC. Financial terms of the transaction, which closed in January, were not disclosed. “I’m excited to welcome the Helios HR team to NFP,” Ethan Foxman, NFP’s Atlantic region president, said in a statement. �[...]
Washington Gas gifts Virginia Tech $430,000 for STEM education
Washington Gas gifted Virginia Tech $430,000 to help increase pathways into higher education in STEM disciplines, the university announced Monday. “Washington Gas is honored to partner with Virginia Tech and promote STEM education across the commonwealth of Virginia. Together, our program will help shape future generations of [...]
VCU receives $104M gift for liver research
Dr. Richard Todd Stravitz and his family’s Barbara Brunckhorst Foundation gave an unprecedented $104 million donation to Virginia Commonwealth University to support liver research, VCU President Michael Rao announced Tuesday during his State of the University address. The largest gift in VCU’s history, it’s also believ[...]
