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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, w[...]
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[...]
New physical rehab hospital uses innovative tech
Michael Lowery pushed off gingerly at first and then gained confidence as he walked upright with the assistance of Andago, a mobile robot in the rehab gym of Central Virginia’s newest hospital. Strapped into the machine by a harness, Lowery, a 38-year-old Martinsville native suffering from paralysis, made his way around th[...]
A whole new ball game in Va. Beach
Attention, athletic leagues: The $68 million, 285,000-square-foot Virginia Beach Sports Center is open for business. “We’re ready to get this party started,” says Nancy Helman, the city’s director of sports marketing, who celebrated the facility’s Oct. 1 debut with Mayor Bobby Dyer and other city officials.[...]
Reagan National’s $660M expansion nearly ready for takeoff
The journey is nearing its end at Ronald Reagan Washington National Airport, which started work in 2017 on a new concourse and two additional security checkpoints. Known collectively as “Project Journey,” the nearly $660 million expansion is expected to be finished by the third quarter of 2021. Overseen by the Metropolitan W[...]
Amid pandemic, Floyd holds on to musical roots
The town of Floyd has long been known for its musical offerings, particularly Friday night jamborees at the Floyd Country Store and the annual world folk music-focused FloydFest. So, what happens when public events are called off by the coronavirus pandemic? Dylan Locke, co-owner of the Floyd Country Store, has hosted online str[...]
