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BAE Systems lands $111.6M Navy contract
The U.S. Department of Defense awarded Arlington-based defense contractor BAE Systems Inc. (the U.S. subsidiary of United Kingdom-based BAE Systems plc) a $111.6 million contract to manufacture and deliver Archerfish mine neutralizers to the U.S. Navy during the next seven years, the company announced Monday. This is the fourth [...]
Christiansburg shopping center sells for $3.25M
A shopping center in Christiansburg has sold for $3.25 million, Cushman & Wakefield | Thalhimer announced last week. Located at 290 Peppers Ferry Road, the 9,525-square-foot retail center sold to Collegiate Investment 290 LLC as an investment. Pepper’s Ferry Plaza was owned by Family Peppers Ferry LLC and its tenants inclu[...]
Tech Innovation Campus announces advisory board
Amid its inaugural virtual semester, the Virginia Tech Innovation Campus in Alexandria is already kickstarting its future tech talent production through the creation of an advisory board, for which top Virginia executives will provide guidance to the campus on business partnerships and projects. Top executives from Qualcomm, B[...]
Hampton Roads to deploy first electric buses in Va.
Gov. Ralph Northam on Friday signed legislation that will bring zero-emission electric buses to Virginia as part of an initiative to change public transportation in Hampton Roads. Legislation sponsored by state Sen. Louise Lucas and Del. Alex Askew creates the first-ever dedicated Hampton Roads Regional Transit Program and Fund, which will be managed by the […]
Leidos lands $89M Air Force task order
The U.S. Air Force awarded Reston-based Fortune 500 federal contractor Leidos Holdings Inc. a five-year, $89 million task order to support energetics research and development for the Office of the Secretary of Defense (OUSD) and the Combat Capability Development Command, Armament Center (CCDC-AC), the company announced Friday. Under the task order awarded by the U.S. […]
VDH reports first child COVID-19 death in Va.
The Virginia Department of Health on Friday announced the first COVID-19 death of a child under the age of 19 in the commonwealth. The adolescent was a resident in the Southside Health District, which covers Brunswick, Halifax and Mecklenburg counties, but VDH said it would not disclose further information about the teenager due to privacy […]
Metro considering $200M in spending cuts
The Metro Board of Directors is contemplating $200 million in spending cuts to maintain a balanced budget in the event that federal CARES Act funding runs out, which could lead to service cuts, shorter hours and layoffs. On Friday, the board for the Washington Metropolitan Area Transit Authority (WMATA) voted on potential servic[...]
SAIC announces restructuring, longtime executive retirement
Reston-based Fortune 500 defense contractor Science Applications International Corp. (SAIC) announced Thursday it would restructure itself along two business lines as Jim Scanlon, a longtime leader with the company and current head of SAIC’s Defense Systems Group, prepares to retire in January. Starting in the fiscal year [...]
Four Va. localities earn Main Street designation
Gov. Ralph Northam announced Wednesday that the towns of Cape Charles, Onancock, Tappahannock and Tazewell have joined the Virginia Main Street Program, which, through the Department of Housing and Community Development (DHCD), provides services to strengthen downtown communities. Designated towns must participate in an application process to receive services including market analysis, marketplace development, capacity […][...]
Trustar Bank names senior adviser
Great Falls-based Trustar Bank announced Tuesday it has hired Samuel A. Schreiber as senior adviser. Schreiber was most recently president of Chain Bridge Bank, but spent 25 years of his career with Wachovia as well as Wells Fargo after their 2008 merger. He was Washington, D.C., president and mid-Atlantic regional president wit[...]
Booz Allen Foundation doles out $1M to 21 COVID-related projects
McLean-based global management consulting company Booz Allen Hamilton Inc. announced Thursday that its foundation has awarded $1 million through the Innovation Fund it launched in May that was open to nonprofits, small businesses and individuals who had ideas for projects that could help solve COVID-19-related social problems. The 21 winners received between $10,000 and $100,000 […]
Northrop Grumman lands $298M Space Force contract
The U.S. Space Force (USSF) awarded Falls Church-based Fortune 500 defense contractor Northrop Grumman Corp. a $298 million contract to help the agency develop hardware and software for a new military satellite communications system, the Department of Defense announced Wednesday. Under the contract, Northrop Grumman will build a payload to support the Space and Missile […]
