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Shield AI acquires Alexandria-based defense contractor
Alexandria-based defense contractor Heron Systems Inc. was acquired by San Diego-based technology company Shield AI, according to announcement Thursday from Shield AI. Financial details of the transaction were not disclosed. The companies will work on the deployment of artificial intelligent pilots for military aircraft. Shield [...]
Danville apartment complex sells for $7.85M
Danville Investors LLC sold the 100-unit Turnpike Townhomes for $7.85 million, Cushman & Wakefield | Thalhimer’s Capital Markets Group announced Tuesday. Turnpike Townhome Apartments LLC purchased the apartments at 1300 Franklin Turnpike, as well as parcels of adjacent vacant land, on June 21. Clay Taylor, a certified comm[...]
John Tyler Community College renamed Brightpoint
John Tyler Community College will become Brightpoint Community College after receiving unanimous approval from the Virginia Community College System state board in its Thursday meeting. On July 8, John Tyler Community College President Edward “Ted” Raspiller announced that he had recommended Brightpoint Community College as [...]
UnitedLex still faces $128M lawsuit from LeClairRyan trustee
UnitedLex’s motion to dismiss a $128 million lawsuit filed by LeClair Ryan PLLC trustee Lynn Tavenner was denied by a U.S. bankruptcy judge on Tuesday, according to The American Lawyer. In 2018, Richmond-based LeClairRyan struck a deal to outsource about 300 of its support workers through a partnership with enterprise legal se[...]
CACI wins $1.4B DOD contract
Arlington-based Fortune 500 federal technology contractor CACI International Inc. was awarded a potential $1.4 billion task order by the U.S. Department of Defense to continue supporting the Defense Threat Reduction Agency’s Decisive Action Task. Under the single-award task order, CACI will provide analysis and technology to the DTRA to help counter and deter weapons of […]
Kroger Co. names new president of mid-Atlantic division
The Kroger Co. has named Lori Raya as the president of its mid-Atlantic division, the grocery chain announced Tuesday. Raya was previously the chief merchandising and marketing officer for wholesale grocery distributor and retailer SpartanNash, which is headquartered in Michigan. From 2015 to 2018, Raya was division president fo[...]
Va. hotel revenues still lagging pre-pandemic levels
Virginia hotel revenues for June 2021 were down 22% compared with pre-pandemic levels in June 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, rooms sold decreased by 14%. The average daily rate (ADR) paid for hotel rooms […]
Avantus Federal acquires Reston-based software company
Avantus Federal, a McLean-based IT defense contractor and NewSpring Holdings company, has acquired Reston-based software company Occam’s Razor Technologies LLC, it announced Thursday. Financial details of the transaction were not disclosed. Avantus CEO Andy Maner said in a statement, “For more than 10 years, Occam’s Razor [...]
United Way of SW Va. names marketing, communications director
The United Way of Southwest Virginia named Scott Robertson as its director of marketing and communications. He will assume the role on Aug. 9, according to the Abingdon-based nonprofit. Robertson will direct strategic marketing and promotions, provide communications project management and oversee digital services. President and [...]
ASGN buys Reston’s IndraSoft
Henrico County-based Fortune 1000 professional services company ASGN Inc. has acquired Reston-based software company IndraSoft Inc., it announced Friday. IndraSoft’s 220 consultants will join the Missions Solutions business unit at ECS, ASGN’s Fairfax-based federal contracting subsidiary. Acquired by ASGN in 2018, ECS delive[...]
TowneBank acquires Tennessee cabin rental company
Suffolk-based TowneBank acquired Tennessee-based vacation property rental company Venture Resorts Inc. on July 1, the bank announced Monday. Financial details of the transaction were not disclosed. “This is an exciting development for Towne Vacations,” Brian Skinner, president and CEO of Towne Financial Services Group, the d[...]
Ashburn-based Telos Corp. names new CFO
Ashburn-based cybersecurity firm Telos Corp. has appointed Mark Bendza as executive vice president and chief financial officer, the company announced Monday. Bendza was previously the vice president of investor relations at software industrial company Honeywell International Inc. He holds a bachelor’s degree from Wesleyan Univ[...]
