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$257M Western Rail Initiative to bring NRV train service
Passenger train service will return to the New River Valley for the first time since 1979, Gov. Ralph Northam said Wednesday, announcing an agreement with Norfolk Southern Railway. The $257.2 million deal is an addition to the $3.7 billion rail expansion package the governor hailed in March as part of the Transforming Rail in Vi[...]
George Mason University approved to start school of computing
The State Council of Higher Education for Virginia gave the green light to George Mason University’s plan to start a school of computing, the Fairfax-based university announced today. Three departments will comprise the core of the school, which will be the first of its kind in Virginia, the university said: statistics, computer science and information […]
Mitre names new cyber technologies VP
McLean-based The Mitre Corp. has hired research scientist Wen Masters as its vice president for cyber technologies, effective May 17. Masters most recently worked at Georgia Tech Research Institute, where she served as deputy director for research and led its Information and Cyber Sciences Directorate. She was principal research[...]
Serco completes $295M acquisition of Reston contractor
Herndon-based federal contractor Serco Inc. (a subsidiary of United Kingdom-based Serco Group plc) has completed its $295 million acquisition of Reston-based Whitney, Bradley & Brown (WBB) from an affiliate of Florida-based private equity firm H.I.G. Capital. The acquisition strengthens Serco’s program management services for its Department of Defense clients and enriches the company’s expertise in […][...]
Leidos names new CFO
Longtime Leidos Holdings Inc. executive Christopher Cage has been named as the Reston-based federal contractor’s new chief financial officer. Cage will begin his role July 5. He currently serves as senior vice president and chief accounting officer for the Fortune 500 company, where he’s worked since 1999. Cage was director of financial planning and analysis […]
AMPAC expanding Petersburg operation, adding 156 jobs
AMPAC Fine Chemicals plans to grow its Petersburg manufacturing facility, investing $25 million and creating 156 jobs, Gov. Ralph Northam announced Tuesday. AMPAC manufactures active pharmaceutical ingredients (APIs) and is a partner with Richmond-based Phlow Corp., Virginia Commonwealth University’s Medicines for All Institute and nonprofit drugmaker Civica Inc., on a federally funded, $354 million contract […][...]
Arlington-based Higher Logic acquires Montreal’s Vanilla
Arlington-based tech company Higher Logic has acquired Canadian cloud-based community software company Vanilla. Vanilla was owned by New York-based growth equity investment firm Level Equity. Financial details of the acquisition were not disclosed. Founded in 2007, Higher Logic offers a community engagement software platform aimed at associations and the corporate B2B market. With the acquisition […][...]
Seeking growth, GPM enters into agreement with Chicago real estate firm
Richmond-based GPM Investments LLC, the nation’s seventh-largest convenience store chain, announced Tuesday that it has entered into a one-year agreement with Chicago-based Oak Street Real Estate Capital, which is committing up to $1 billion to purchase and lease to GPM real estate parcels associated with GPM’s acquisitions of convenience store chains and fueling stations. A […]
Booz Allen Hamilton acquires Herndon IT company for $725M
McLean-based Fortune 500 global management consulting company Booz Allen Hamilton Inc. announced Tuesday that it has entered into a definitive agreement to acquire Herndon-based Liberty IT Solutions LLC for $725 million. In a statement, Booz Allen President and CEO Horacio Rozanski said, “This acquisition supports our long-term strategy to drive continued growth by investing in innovative […][...]
Dominion’s Surry nuclear plant’s lifespan extended to 2052-53
Dominion Energy Inc.’s two Surry County nuclear power reactors have received approval from the Nuclear Regulatory Commission to operate until 2052 and 2053. The two nuclear reactors at Dominion’s Surry Power Station, which are capable of generating enough power for 419,000 homes, received a 20-year extension from its previous license, which allowed the plants to […]
AES to provide carbon-free power for Google’s Loudoun data centers
As part of Google LLC’s ambitious “moonshot” to produce all of its energy from carbon-free sources, Arlington-based The AES Corp. announced Tuesday that it has signed a 10-year agreement to provide carbon-free power for Google’s data centers in Loudoun County. A Fortune 500 international electrical utility, AES will provide 90% of the Google data centers’ […]
Boeing makes record $50M gift to Va. Tech Innovation Campus
Aerospace and defense contractor Boeing made a record $50 million, multiyear commitment to foster diversity at the Virginia Tech Innovation Campus under development in Alexandria, Virginia Tech announced Tuesday. The largest corporate donation ever made to Virginia Tech, the commitment from Chicago-based Boeing also ties the lar[...]
