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Leidos acquires Chantilly AI tech biz for $300M
Reston-based federal contractor Leidos announced Wednesday it has acquired Kudu Dynamics, a business based in Chantilly that builds AI-powered cybersecurity tools for defense customers, for $300 million.
Henrico issues new RFI for arena project
Following the collapse of the $2.3 billion GreenCity project in March, Henrico County on Tuesday released a new request for interest for developers to submit plans for an arena-anchored development in the county's West End.
Booz Allen CEO says 7% of employees to be laid off
McLean-based Fortune 500 management consulting business Booz Allen Hamilton will lay off 7% of its 35,800-employee workforce, mainly in its civil division, Chairman, CEO and President Horacio Rozanski said Friday during an earnings call.
House GOP passes Trump tax bill despite deficit fears
House Republicans push through Trump’s tax bill after all-night session, despite CBO warning it could add $3.8 trillion to the federal deficit.
Virginia congressman dies from cancer
U.S. Rep. Gerry Connolly, a nine-term Democrat representing Virginia's 11th congressional district, has died, his family announced Wednesday morning.
Barkin: Affordable housing key to rural economic growth
Richmond Fed President and CEO Tom Barkin said affordable housing and workforce investment are driving population and economic growth in small towns across the Fifth District.
Dollar Tree announces CEO of Family Dollar, soon to be sold
Chesapeake-based Dollar Tree announced Monday that its soon-to-be-sold Family Dollar property will be led by Duncan MacNaughton, who will serve as chairman and CEO of the discount retail chain.
UPDATE: $35B Capital One-Discover merger closes
McLean-based Capital One Financial is scheduled to close on its $35.3 billion acquisition of Discover Financial Services on Sunday, finalizing the merger of the credit card giants announced last year.
DHS says it is canceling $2.4B Leidos contract
According to a court filing last week, the U.S. Department of Homeland Security has terminated a $2.4 billion IT and cybersecurity contract awarded to Reston-based federal contractor Leidos last year.
Leesburg firm lays off 155 after Navy cancels $170M contract
Leesburg-based data company Pantheon Data this week laid off 155 workers — including 33 Virginia employees — after the U.S. Navy canceled its $170 million service contract with the company on May 12.
Amazon fulfillment center in Goochland to create 1,000+ jobs
Gov. Glenn Youngkin participated Wednesday in a ceremonial groundbreaking for Amazon.com's 3.1 million-square-foot robotics fulfillment center in Goochland County, which is expected to create more than 1,000 full-time and part-time jobs.
Virginia could lose 32,000 jobs in 2025, U.Va. estimates
Virginia may lose 32,000 jobs in 2025 amid federal cuts and rising unemployment, according to a new forecast by the University of Virginia’s Weldon Cooper Center for Public Service.
