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Jun 11, 2020

FerraTex to buy Henry County facility for $1.95M

FerraTex Solutions LLC will purchase the former Compton Woods Products facility in Bowles Industrial Park in Henry County for $1.95 millon, Gov. Ralph Northam announced Thursday.  FerraTex, which specializes in services and liners for cured-in-place pipes (a method of repairing existing pipelines), will renovate and expand the facility, adding 15 jobs.  “As we work to […]

David Abney, executive chairman of the UPS Board of Directors (photo courtesy UPS)
Jun 11, 2020

Former UPS CEO joins Northrop Grumman board

Former United Parcel Service CEO David Abney has been elected to Northrop Grumman Corp.’s board of directors. Executive chairman of the UPS board of directors, Abney served as CEO of UPS from 2014 until May 2020. “David is an accomplished and respected business leader and is a great addition to our board,” said Kathy W[...]

Perspecta CEO Mac Curtis
Jun 11, 2020

Perspecta CEO becomes chairman of board

Mac Curtis, president and CEO of Chantilly-based federal contractor Perspecta Inc., has been appointed chairman of the company’s board of directors, effective Aug. 5, the date of the company’s 2020 annual shareholders meeting. Curtis has served as president and CEO of Perspecta since the publicly traded company was l[...]

Jun 11, 2020

Coffee roasting company to build Suffolk distribution center

Massimo Zanetti Beverage USA Inc. (MZB-USA) announced Thursday it will build a 355,933-square-foot distribution center in Suffolk to support its headquarters and main coffee roasting operations in Portsmouth. The distribution center will be located in the Virginia Port Logistics Park, which is located approximately 30 miles from the Port of Virginia. Construction on the warehouse […]

U.S. Sen. Harry F. Byrd Jr. represented Virginia from 1965 to 1983.
Jun 10, 2020

Shenandoah University removes Byrd Jr.’s name from biz school

Shenandoah University in Winchester announced Wednesday that its Board of Trustees has voted unanimously to remove the name of the late U.S. Sen. Harry F. Byrd Jr. from its School of Business and board room. “At Shenandoah, we encourage the best, the brightest, the inspired, to come learn with us, in the spirit of equitable [&[...]

Keith Haas (photo courtesy LeaseAccelerator)
Jun 10, 2020

Reston software company names new CFO

Reston-based software company LeaseAccelerator Inc. has hired Keith Haas as its new chief financial officer. A certified public accountant, Haas was vice president of finance for GeoEye, a Herndon-based satellite imaging company that is now a subsidiary of DigitalGlobe. He also held a prior leadership position at Herndon-based e[...]

Sovan Shatpathy
Jun 10, 2020

Navy Federal Credit Union taps new CTO

Navy Federal Credit Union has hired Amtrak’s chief technology officer, Sovan Shatpathy, to serve as its new CTO, leading the credit union’s information services department. “Our ISD teams are behind nearly all of the technology our members and employees use,” said Navy Federal’s chief information officer, T[...]

Jun 9, 2020

Axios to cover bail, medical bills for employee protesters

Arlington County-based digital media company Axios distributed a companywide email stating that it would cover bail or medical bills for employees who have participated in recent protests associated with the police killing of George Floyd, The New York Times first reported Tuesday. “First, let me say we proudly support and encourage you to exercise your […]

Jun 9, 2020

UK software company buys Chesterfield’s Mapcom Systems

Chesterfield County-based telecommunications software company Mapcom Systems announced Tuesday that it has been acquired by United Kingdom-based geographic software company VertiGIS.  Financial terms of the transaction were not disclosed.  “Mapcom’s customer-centric approach to digitalizing processes and solving challenges with location technology matches well with ours,” VertiGIS President and CEO Richard Wiegmann said in a[...]

Jun 8, 2020

Babel Street gains AI, machine learning capabilities

Reston-based Babel Street Inc., a web and social media monitoring company, announced Monday it has acquired the intellectual property assets of Overland Park, Kansas-based Dunami, an artificial intelligence and machine learning analysis company. Financial terms of the transaction were not disclosed. Babel Street acquired Dunami’s AI and machine learning assets, which automatically illustrate relationships between […][...]

Rendering of HALO module. Courtesy Northrop Grumman
Jun 8, 2020

Orbital Sciences Corp. wins $187M NASA contract

Dulles-based Orbital Sciences Corp., a subsidiary of Northrop Grumman Corp., has been awarded a $187 million NASA contract to design living quarters for the Lunar Gateway mini space station.  The Habitation and Logistics Outpost (HALO) design will be inspired by Northrop Grumman’s Cygnus spacecraft, which delivers supplie[...]

Gainsborough Square shopping center. Photo courtesy Colliers International
Jun 8, 2020

Chesapeake shopping center sells for $13.6M

The Gainsborough Square shopping center in Chesapeake sold on June 2 for $13.6 million, according to city property records.  Virginia Beach-based Armada Hoffler Properties Inc. (which declined to state the sales price) sold the 88,862-square-foot property to Slate Asset Management, according to a June 3 announcement from Collie[...]

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