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LMI lands $50M DOD contract
The Department of Defense awarded Tysons-based government and defense consultancy LMI a $50 million contract to help manage various elements of logistics operation associated with both commercial and federal supply chains. LMI will support the transportation, maintenance, supply chain and contingency management aspects of DOD logistics for the assistant secretary of defense for sustainment, the […][...]
ODU launches School of Cybersecurity
Old Dominion University on Thursday became the first research university in the country to launch a cybersecurity school offering interdisciplinary degree programs for both undergraduate and graduate students. The university is expanding its existing Center for Cybersecurity Education and Research (CCSER) into the ODU School of Cybersecurity. The school will operate under ODU’s Office of […][...]
Mount-It! to invest $7.45M in Prince George operation
Gov. Ralph Northam announced Thursday that mounting solutions distributor Mount-It! will invest $7.45 million to establish its first East Coast warehouse and distribution facility in Prince George County, creating 85 jobs. Mount-It!, which provides more than 500 types of mounting products, will be located in the former Quality Way building in Prince George County. Virginia […]
Genworth’s $2.7B acquisition by Chinese company faces new hurdle
Henrico County-based Genworth Financial Inc. announced Thursday that China-based Oceanwide Holdings Group Co. Ltd. has reached an agreement with Hony Capital on the commercial terms and conditions of its $1.8 billion offshore financing plan to complete its acquisition of Genworth. However, Oceanwide has not reached a final agreement on all terms and conditions due to […]
GSA awards Northrop Grumman $690M task order
The U.S. General Services Administration (GSA) has awarded Falls Church-based Fortune 100 defense contractor Northrop Grumman Corp. a $690 million task order to develop a suite of data systems for the Defense Intelligence Agency (DIA). Under the contract awarded by the GSA’s Federal Systems Integration and Management Cente[...]
General Dynamics lands $1.22B Army air defense contract
The U.S. Army awarded Reston-based Fortune 100 defense contractor General Dynamics Corp.’s land systems division a potential five-year, $1.22 billion contract to manufacture and test systems that are designed to destroy, neutralize or deter low-altitude aerial threats, the Department of Defense announced Wednesday. Under t[...]
Virginia National, Fauquier banks to merge
The parent holding companies of Virginia National Bank and The Fauquier Bank will merge under the Virginia National brand into a combined bank with $1.6 billion in total assets. Charlottesville-based Virginia National Bankshares Corp. and Warrenton-based Fauquier Bankshares Inc. have signed a definitive merger agreement, the banks announced Thursday. The combined company will have approximately $1.4 […][...]
Va. offshore wind industry could create 5.2K jobs, study finds
The offshore wind industry could create up to 5,200 jobs in Virginia (with a majority in Hampton Roads) and an estimated $740 million in total economic activity during the next several years, according to an economic impact analysis conducted by Henrico County-based Mangum Economics and released Tuesday by the Hampton Roads Alli[...]
Arlington tech firm launches ransomware negotiation service
Arlington-based threat intelligence company GroupSense on Tuesday launched a new service to help companies dealing with ransomware attacks. The ransomware negotiation service will allow GroupSense to help during the negotiation process with hackers. During ransomware attacks, rogue software can block access to programs and data until a payment is made to hackers. “Enterprises need to […][...]
Suffolk city manager resigns
Suffolk City Manager Patrick Roberts has resigned, effective Oct. 2. Suffolk City Council accepted Roberts’ resignation during a special meeting on Monday evening after returning from a closed session. Albert Moor was appointed as interim city manager and will assume the position Oct. 3. “It is with extremely heavy hea[...]
Lexington sheds some Confederate monikers
Lexington memorializes Confederate Gens. Thomas Jonathan “Stonewall” Jackson and Robert E. Lee so much, Lee’s final resting place in the city was described as “a kind of Confederate Graceland” in a 2009 Washington Post travel story. Lexington’s image changed some this summer, however. While Virginia Military [...]
Driverless shuttle starts tests in Fairfax County
Fairfax County and Dominion Energy Inc. began testing a 13-foot autonomous, electric shuttle this summer, a first step toward driverless public transit between Metro stations. The EZ10 shuttle nicknamed “Relay,” built by French manufacturer EasyMile and owned by Dominion, is expected to hit the road this fall between the Dun[...]
