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Accenture Federal Services wins $3.5B DOE contract
The Department of Energy awarded Accenture Federal Services, an Arlington County federal contractor, a $3.5 billion, single-award, blanket purchase agreement to provide information technology services to the agency on Friday, just prior to the Trump administration’s return to the White House. The CIO Business Operations Su[...]
Va. Tech Innovation Campus opens first academic building
The first academic building of Virginia Tech’s Innovation Campus in Alexandria opened to students Tuesday as classes commenced. Virginia Tech started construction on the first academic building of the $1 billion campus in September 2021 and had planned to open the $302 million building in August 2024, but supply chain issues[...]
Winchester cabinet manufacturer closing Orange plant
Winchester-based cabinet manufacturer American Woodmark is closing its manufacturing facility in Orange, laying off 131 employees. The company notified the state of the closure Jan. 7 in compliance with the Worker Adjustment and Retraining Notification Act. The layoffs at the plant, located at 281 Kentucky Road, will take effect[...]
Norfolk casino developers select construction management team
A joint venture between Virginia Beach-based S.B. Ballard Construction and Mississippi-based Yates Construction — the companies that built Rivers Casino Portsmouth — will lead construction of the $750 million Norfolk casino resort. The casino development partners, Boyd Gaming and the Pamunkey Indian Tribe, announced the sele[...]
CFPB sues Capital One, claiming bank avoided paying $2B in interest
The Consumer Financial Protection Bureau has sued Capital One and its McLean holding company, Capital One Financial, alleging the companies cheated millions of consumers out of more than $2 billion in interest payments, the federal agency announced Tuesday. Capital One, the CFPB alleges, promised customers that its flagship 360 [...]
Amentum lands Air Force contract worth almost $448M
Amentum Services has won a $447.9 million Air Forces Central Command contract, the Chantilly-based federal contractor announced Thursday. Under the Air Forces Central Command Global Prepositioned Materiel Services contract, Amentum will provide and update prepositioned storage and maintenance solutions for the Ninth Air Force. �[...]
Here’s what Richmond Fed chief forecasts for 2025 economy
The economic forecast for 2025 is sunny, with a high chance of business optimism, according to Federal Reserve Bank of Richmond President and CEO Tom Barkin, who spoke Thursday during the virtual 2025 Financial Forecast held by the Virginia Bankers Association and the Virginia Chamber of Commerce. “I went back this morning and[...]
Leidos wins TSA contract worth up to $2.6B
Reston-based Fortune 500 federal contractor Leidos has won Transportation Security Administration contract worth up to $2.6 billion, according to a Tuesday notice on SAM.gov. TSA awarded the TSA Checkpoint Integrated Logistics Support Services contract for checkpoint maintenance services on Dec. 31, 2024. According to the reque[...]
Something in the Water gets extension from Va. Beach
Pharrell Williams’ Something in the Water festival got a bit of a break Tuesday from Virginia Beach City Council members, who agreed to give the Virginia Beach-born music and fashion maven more time to fulfill an overdue part of the festival’s contract with the city. City Council voted 8-2 Tuesday to indefinitely def[...]
ICF acquires tech, advisory services company
Reston-headquartered consulting and tech services provider ICF has acquired New York-based tech and advisory services company Applied Energy Group from Ameresco, it announced Tuesday. Financial details of the transaction were not disclosed. Massachusetts-based energy efficiency and renewable energy company Ameresco acquired Appl[...]
Booz Allen to pay $15.8M fine to settle fraud allegations
Booz Allen Hamilton, the McLean-based Fortune 500 global management consultant, has agreed to pay a $15.875 million fine to the federal government to settle allegations that one of its subsidiaries violated the False Claims Act, the Department of Justice announced Jan. 3. According to the DOJ’s statement, two former progra[...]
Herndon office building portfolio sells for $51M
A portfolio of four office buildings in Herndon sold for $51 million, Finmarc Management announced Thursday. Dubbed Dulles Corner, the four buildings comprise nearly 620,000 square feet of Class A office space. Located at the intersection of Dulles Toll Road and Virginia Route 28, the properties are: 2411 Dulles Corner Park, an [...]
