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Kings Dominion parent Cedar Fair and Six Flags announce $2B merger
Cedar Fair Entertainment, the parent company of Kings Dominion, is merging with Six Flags Entertainment in an all-stock deal valued at $2 billion, the companies announced Thursday. Cedar Fair unitholders will own 51.2% and Six Flags shareholders will own approximately 48.8%. Together, the two companies will have a combined 27 am[...]
$14.9M manufacturing facility coming to Russell County
Tate, a data center supplier, will invest $14.9 million to establish a new manufacturing facility in Russell County, creating 170 jobs, Gov. Glenn Youngkin announced Thursday. The new plant will focus primarily on data center component manufacturing and containment products to serve clients in Virginia and other data center sites. “I’m proud that the commonwealth […]
Leidos shakes up C-suite in restructuring
Months after new Leidos CEO Tom Bell hinted at a “new North Star” for the Reston-based Fortune 500 contractor, the company has announced a shakeup of its C-suite and a reorganization. The company solidified the changes Thursday, two days after releasing its third-quarter report, which included revenues of $3.9 billio[...]
SWVA clean energy development could draw $8.5B in investments
Wise County and neighboring localities in Southwest Virginia may become home to a massive clean energy development that could attract up to $8.25 billion in capital investments, Gov. Glenn Youngkin announced Wednesday. An agreement between Energy DELTA Lab, Dallas-based Fortune 100 energy company Energy Transfer and Wise County [...]
Fairfax AI firm acquired by Texas-based tech company
Fairfax-based ARInspect, a firm specializing in artificial intelligence products for public sector field operations, has been acquired by Texas software company Tyler Technologies, the companies announced Tuesday. Tyler declined to disclose the price and terms of the deal. Tyler will add ARInspect’s AI-powered platform to its portfolio and use the Fairfax company’s technology across its […][...]
Northrop Grumman awarded up to $732M for satellite contract
Fortune 500 Falls Church defense contractor Northrop Grumman will build 38 data transport satellites for the U.S. Space Force’s Space Development Agency under a contract valued up to $732 million as the agency builds out a space-based communications network. The work, announced Monday by the agency, falls under Tranche 2 T[...]
Food/bev distributor opens $275M Caroline County center
Food and beverage distributor World Class Distribution has opened its nearly finished $275 million, 1.2 million-square-foot distribution center in Caroline County with 400 employees, the county’s board of supervisors announced Tuesday. Gov. Glenn Youngkin initially announced the project in November 2022, at which time WCD expected to add 745 jobs. The company now plans to […]
Dominion offshore wind farm moves closer to final approval
Dominion Energy has passed another critical federal hurdle on its way to gaining approval to begin construction on its $9.8 billion, 176-turbine offshore wind farm 27 miles off the coast of Virginia Beach. The Bureau of Ocean Energy Management granted a favorable record of decision for the Richmond-based Fortune 500 electric uti[...]
New IALR lab to feature ‘automagic’ manufacturing tech
Butch Kendrick once worked in a factory making plywood suitcase components. Each time he ran a strip of plywood through a planer, he heard a loud, screeching whine. “I would hear that noise in my head until I went to sleep,” Kendrick says. “And I’ve never forgot that. Anyone who works in manufacturing, if I […[...]
FOR THE RECORD November 2023
Central Virginia Bon Secours announced Sept. 29 it had reached an agreement with Anthem Blue Cross and Blue Shield in Virginia, which the health system sued in August, alleging the insurer owed Bon Secours $93 million in unpaid claims. Although details were not released due to confidentiality agreements between the two parties, Bon Secours said […]
Dixie Theater renovation means show will go on in Staunton
Teens got their first jobs and couples experienced their first kisses at the former Dixie Theater in downtown Staunton. Now the vacant building, which opened in 1913 at 125 E. Beverley St., is a step closer to becoming a community cultural center, thanks to a $1.5 million grant from the state Industrial Revitalization Fund, whic[...]
Eastern Shore poultry plants under child labor probe
The U.S. Department of Labor is investigating allegations of child labor violations at the Tyson Foods and Perdue Farms poultry plants in Accomack County, after The New York Times recounted the story of a 14-year-old Guatemalan boy who was gravely injured while cleaning a Perdue slaughterhouse. Marcos Cux, whose arm was permanen[...]
