Sign In
Free Newsletter
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 […][...]
Va. House of Delegates to meet in person at the state Capitol
Virginia House of Delegates Speaker Eileen Filler-Corn announced Monday that the House, when it next convenes, will return in person to the Virginia State Capitol after a year of virtual and physically distanced voting due to the COVID-19 pandemic. “Over the past year, Virginians have shown commitment and resolve to stop t[...]
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[...]
Virginia Beach office building sells for $1.9M
Commonwealth Park Executive Center in Virginia Beach has sold for $1.9 million, Colliers announced Thursday. The Class B, two-story building located at 900 Commonwealth Place once housed the WCMS radio studios and currently is 100% occupied. It was built in 1975. The building has 20,180 rentable square feet leased to five tenant[...]
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 […]
Offshore wind coworking space opens in Norfolk
The growing offshore wind industry in Hampton Roads caught another gust Wednesday with the opening of a coworking and networking space in Norfolk’s World Trade Center. The hub, called the Virginia Offshore Wind Landing — or the Landing, for short — is a joint venture of Old Dominion University’s OpenSeas Technology Innov[...]
Workforce development center opening in downtown Portsmouth
Portsmouth Economic Development is opening a brick-and-mortar resource Friday, aiming to create a public and accessible hub for skills training, career fairs, job applications and Internet access. The 2,000-square-foot office space, called Portsmouth@Work Center, is located in a suite at its downtown headquarters, 200 High St. The idea has been brewing since the fall 2019, […]
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 […]
AT&T Public Sector wins $175M transportation contract
AT&T Inc. announced Tuesday it has been awarded a $175 million contract from the U.S. Department of Transportation (DOT) to modernize its voice and data networks. AT&T’s Public Sector organization, which is based in Oakton, landed the deal. The 12-year contract was awarded through the General Service Administration’s Enterprise Infrastructure Solutions technology procurement program. Dallas-based […][...]
Altria names first woman as board chair
Kathryn B. McQuade will be the first woman to chair Altria Group Inc.’s Board of Directors, the Henrico County-based tobacco product manufacturing company announced Monday. She will be elected at the conclusion of Altria’s annual shareholders meeting May 20. McQuade joined the board in 2012 and replaces Thomas F. Far[...]
