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Two Va. companies land spots on $496M Washington Headquarters Service contract
Arlington-based Washington Headquarters Service awarded two Virginia companies spots on a potential five-year, $496 million contract to support the Office of the Under Secretary of Defense for Research and Engineering, the U.S. Department of Defense announced Thursday. Chantilly-based engineering and tech contractor American Systems Corp. and Alexandria-based Modern Technology Solutions Inc. (along with Albuquerque, New […][...]
Chesapeake Family Dollar property sells for $1.78M
A Family Dollar store property in Chesapeake sold for $1.78 million, Cushman & Wakefield | Thalhimer’s Capital Markets Group announced Monday. Located at 3736 Ahoy Drive, the 8,320-square-foot retail property was net leased to Family Dollar. TRC Chesapeake sold the property, which it bought in July 2019, according to Chesa[...]
Commercial real estate lease roundup
Northern Virginia L3Harris Technologies Inc. renewed its lease of 6,357 square feet of office space at 17021 Combs Drive in King George County. Chris Russotti and Jamie A. Scully of Cushman & Wakefield | Thalhimer handled the lease negotiations on behalf of the landlord. Floors by Design leased 9,900 square feet of industrial space at […]
Raytheon Intelligence & Space to acquire Colo.-based satellite provider
Arlington-based aerospace and defense contractor Raytheon Intelligence & Space announced Tuesday it has signed a definitive agreement to acquire Lafayette, Colorado-based Blue Canyon Technologies, a provider of small satellites and spacecraft systems components. Financial terms of the deal were not disclosed. Founded in 2008, Blue Canyon Technologies currently has more than 90 satellites in production […][...]
BAE Systems announces $100M investment in Iowa facility
Arlington-based defense contractor BAE Systems Inc. announced Thursday it is investing more than $100 million to construct a facility in Cedar Rapids, Iowa, for its newly acquired navigation and sensor systems business, which makes mission-critical military GPS products. “Our world-class military GPS business is built on the r[...]
Cincinnati consulting firm buys McLean tech contractor
Cincinnati-based engineering, consulting and technical services company Belcan LLC announced late last week it has acquired McLean-based tech contractor Telesis Corp. Financial terms of the acquisition were not disclosed. This marks Belcan’s 15th acquisition under its ownership by AE Industrial Partners LP, a private equity firm that specializes in aerospace, defense and government services, power […][...]
Neustar to acquire DNS service
Sterling-based identity management company Neustar has agreed to acquire Verisign Public DNS, a free domain name system, from Reston-based Verisign. The DNS is essentially a phone book of the internet, translating domain names into internet protocol addresses, allowing browsers to access internet resources. The acquired service provides security and threat blocking on the internet. The […]
Dominion closes on sale of majority of natural gas assets
Richmond-based Dominion Energy Inc. announced Monday that it has closed on the sale of the majority of its gas transmission and storage assets to Berkshire Hathaway Energy (a Berkshire Hathaway Inc. affiliate) for approximately $2.7 billion in cash and the transfer of approximately $5.3 billion of related indebtedness. In July following the cancelation of the […]
SW Va. sees COVID increase; governor urges caution
Although Virginia’s overall COVID-19 infection rate is much lower than other states that are currently experiencing spikes, the number of new cases in Southwest Virginia has been steadily increasing over the past two weeks, Gov. Ralph Northam said Wednesday in a COVID-19 update. According to health directors in the region,[...]
Con man gets 7 years for $4.4M government intelligence scam
A former Drug Enforcement Administration spokesperson was sentenced to seven years in federal prison on Wednesday for defrauding at least a dozen companies of more than $4 million while pretending to be a covert officer of the Central Intelligence Agency. In June, Garrison Kenneth Courtney, 44, of Florida, entered a guilty plea [...]
Downtown Norton gets a glow-up
Like other coalfield communities coping with the downturn of its signature industry, Norton is working to reinvent itself, says City Manager Fred Ramey. This fall, the city’s three-year, $2.3 million downtown revitalization reached a “technical end, but our project is not over and we’ll keep going,” says Ramey, who spear[...]
Hemp industry takes another step forward
The co-founders of South Boston-based Golden Piedmont Labs want to give the county a boost by processing hemp from local farmers. “We were looking for a way to give back,” says Rick Gregory, who started Golden Piedmont Labs with Sterling Edmunds Jr. Both are Halifax County natives with extensive backgrounds in real estate an[...]
