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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[...]
Washington Football Team names chief creative, digital officer
The Washington Football Team, in the middle of a major rebranding effort, has hired the organization’s first chief creative and digital officer, it announced Tuesday. Will Misselbrook will oversee the team’s brand marketing strategy and develop content for fans and sponsors, and he will report directly to team Presid[...]
Guidehouse taps Fairfax for global HQ, creating 900 jobs
Guidehouse, a management consulting company with clients around the world, will establish its global headquarters in Fairfax County, producing more than 900 jobs, Gov. Ralph Northam announced Monday. The company will invest $12.7 million in a campus at 1676 International Drive in McLean, where 1,550 people will work at full capacity. Virginia competed with Maryland […]
Danville’s White Mill to be redeveloped into mixed-use project
Danville’s Industrial Development Authority and The Alexander Co. are teaming up to redevelop the city’s White Mill on the Dan River as a mixed-use commercial and residential project, with $62.5 million invested in the first phase, city officials announced Monday. Local officials have long been seeking developers for[...]
Atlantic Broadband announces $7.2 million partnership
Atlantic Broadband has announced a $7.2 million partnership to deliver broadband to more than 1,200 homes and businesses in Caroline, Mathews, Lancaster and Middlesex counties. A $4.2 million grant from the Virginia Telecommunication Initiative pays for the bulk of the project, with $1.5 million coming from Atlantic Broadband and the remaining $1.5 contributed by the […]
Cushman & Wakefield | Thalhimer names HR senior manager
Ryan Murchison has been promoted to senior human resources manager, Cushman & Wakefield | Thalhimer announced Friday. Murchison joined the Richmond-based real estate firm in 2015 and will oversee human resources for all the company’s business lines and offices, which are in Richmond, Newport News, Virginia Beach, Frede[...]
Woodbridge office building goes for $3.25M
A commercial office building in Woodbridge has sold for $3.25 million in an off-market deal, Edge Capital Markets Group announced this week. The 11,200-square-foot building sits on a 1.56-acre parcel of land at 13370 Minnieville Road. Currently the building is occupied by a social services center focused on workforce training an[...]
Downtown Culpeper mixed-use property sold for $3.95M
The Waters Place mixed-use property in downtown Culpeper has been sold for $3.95 million, Cushman & Wakefield | Thalhimer announced this week. The redevelopment and new building at 201 Waters Place includes 25 residential units and nine commercial spaces. Waters Place sits on half an acre and includes a renovated warehouse f[...]
Técnico Corp. buys Newport News building for $3M
An industrial building in Newport News’ Oyster Point Park was sold for $3.125 million, Cushman & Wakefield | Thalhimer announced this week. Técnico Corp. purchased the 53,414-square-foot building on 3.93 acres from Beja LLC and will occupy the property at 806 Bluecrab Road. Clay Culbreth of Thalhimer handled the sale [...]
