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BAE Systems receives $493M Army contract
Falls Church-based BAE Systems Inc. has received a $493 million U.S. Army contract to produce M109A7 self-propelled howitzers and M992A3 ammunition carriers, the U.S. arm of British defense giant BAE Systems plc announced Aug. 2. The contract’s production and deliveries are scheduled between August 2025 and July 2026. The [...]
Va. casinos report $59.5M in June revenues
June gaming revenues for Virginia’s three casinos totaled $59.5 million, according to Virginia Lottery data released July 15. June numbers broke a three-month streak in which the casinos brought in combined totals of more than $60 million, casinos.com noted this week. Last month, the Bristol Casino: Future Home of Hard R[...]
Arlington’s CareJourney acquired
Arlington County’s CareJourney, a health care data and analytics company co-founded by former U.S. Chief Technology Officer Aneesh Chopra, has been acquired by Arcadia, a health care data platform headquartered in Boston, according to a June 27 announcement. A spokesperson for Arcadia declined to provide financial term[...]
Virginia Business announces 2024 Va. CFO Awards winners
Virginia Business recognized some of the state’s top chief financial officers from nonprofits and businesses across the commonwealth Thursday at its 2024 Virginia CFO Awards ceremony. This year’s Virginia CFO Awards black-tie banquet — the largest annual gathering of CFOs in Virginia — was held at The Jefferson H[...]
Branch Group acquires N.C. contractor
The Branch Group, a Roanoke-based heavy-highway and building contractor, has closed on its acquisition of Burnsville, North Carolina-based Young & McQueen, a 37-year-old contracting firm specializing in heavy civil and highway construction, site work, bridges and structures construction, the company announced Monday. Branch [...]
Va. legislation details micro business funding criteria for retail cannabis market
RICHMOND — Virginia’s plan for a recreational cannabis market includes a way to help micro businesses, formerly known as the social equity license, get involved with what is anticipated to be a multimillion dollar business — if the plan survives the governor’s desk. The Virginia Cannabis Equity Loan Fund will pro[...]
RTX subsidiary lands $118M Army contract
The U.S. Army has finalized a contract potentially worth $118 million with Arlington County-based Raytheon, a subsidiary of RTX, to produce common sensor payloads, which will serve as “eyes” for an uncrewed aircraft system, the government announced Tuesday. The common sensor payloads, which will be used on California-based General Atomics Aeronautical Systems’ MQ-1C Gray Eagle, will […][...]
Electra’s hybrid prototype aircraft takes first flight
This story was updated Dec. 1. A Manassas aircraft manufacturer that’s developing an electric short takeoff and landing (eSTOL) aircraft logged a significant milestone Nov. 19 when it completed its first hybrid-electric flight. Electra’s EL-2 Goldfinch took off from Manassas Regional Airport and flew 23 minutes, reac[...]
Brick Industry Association names new prez, CEO
The Reston-based Brick Industry Association has announced that Tricia Mauer will become its next president and CEO on Jan. 1, 2025. Mauer, who has served as the association’s vice president of membership and programs since 2016, will take over as chief operating officer for the organization on Jan. 1, 2024, and work in tha[...]
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[...]
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[...]
$900M water park resort breaks ground in Spotsylvania
A massive water park resort has broken ground in Spotsylvania County. The 1.38 million-square-foot Spotsylvania County Kalahari Resort, located between U.S. Route 1 and Interstate 95 in Thornburg, north of Kings Dominion, is expected to offer a 907-room hotel, a 175,000-square-foot indoor waterpark featuring slides, a wave pool [...]
