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The Hilb Group acquires Ct.-based insurance company
Henrico County-based insurance company The Hilb Group LLC (THG) announced Tuesday it has acquired Shelton, Connecticut-based Ganim Group Inc. (Ganim Benefits) from investment advisory company Ganim Financial Inc. Transaction details were not disclosed. This marks THG’s 11th acquisition within the past year. Ganim Benefits [...]
Huntington Ingalls to establish unmanned systems center in Hampton
Gov. Ralph Northam announced Tuesday that Newport News-based Huntington Ingalls Industries (HII), the nation’s largest military shipbuilding company, will establish an unmanned systems center in Hampton, which will create more than 250 jobs. “Huntington Ingalls Industries is a national leader in advanced manufacturing, and this investment is a powerful testament to Virginia’s workers and business […][...]
Huntington Ingalls lands $355M Navy contract modification
The U.S. Navy awarded Newport News-based contractor Huntington Ingalls Industries (HII) a potential $355 contract modification to help the branch prepare for an engineered overhaul of the USS Boise nuclear-powered submarine, the U.S. Department of Defense announced Monday. Under the contract modification, HII will provide early production efforts including planning, execution services, production and availability […][...]
McLean contractor wins $87M Navy contract
The U.S. Navy awarded McLean-based defense contractor Alion Science and Technology Corp. an $87 million contract to provide special projects and operational training support, the company announced Monday. Under the five-year Department of Defense Information Analysis Center multiple award contract, Alion will perform research, systems engineering, analysis, design, testing, prototyping, technology, validation and integration work [&hell[...]
Arlington-based natural gas provider announces leadership changes
Arlington-based liquefied natural gas producer Venture Global LNG Inc. announced Monday corporate governance changes in which founders, co-Chairmen and co-CEOs Robert Pender and Michael Sabel will split their roles. With approval of the board of directors, effective Oct. 1, Sabel will assume the role of CEO and Pender will bec[...]
SAIC wins $752.7M Army task order
The U.S. Army awarded Reston-based Fortune 500 defense contractor Science Applications International Corp. (SAIC) a $752.7 million task order to provide intelligence support services for the branch, according to a Sept. 4 System for Award Management (SAM) notice. The General Services Administration’s Federal Acquisition Service received four offers for the task order, according to the […][...]
Roanoke regional accelerator receives nearly $1M federal grant
The U.S. Department of Commerce announced Monday it has awarded nearly $1 million in grant funding to the Valleys Innovation Council (VIC) for its Regional Accelerator and Mentoring Program (RAMP), which is targeted at helping to grow startup companies in the Roanoke and New River Valley region. “This grant will give us the runway we […]
Va. Beach Economic Development, 1701 Coworking select entrepreneurship program participants
Virginia Beach Economic Development and Virginia Beach-based 1701 Coworking announced Friday it has selected two participants for its three-month Entrepreneur-in Residence (EIR) program. Kate Johnson with Heritage Business Services and freelance educator Meghan Raftery were selected for the program, which provides training in hiring, strategic planning and other business practices. “The entrepreneurial spirit is alive […][...]
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 i[...]
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 […]
