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Avio USA picks Pittsylvania for $500M solid rocket motor plant

Avio USA will build a $500 million rocket motor plant in Pittsylvania County, creating 1,000+ jobs in defense and space manufacturing.

Hoskins to...

Hoskins to exit Fairfax EDA after six-year tenure

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Photo by DepositPhotos

JCPenney closes Springfield location, laying off 74

National department store chain JCPenney will close its Springfield Town Center location on May 29, laying off 74 workers.

Industries

Electric power transmission pylon miniatures and Dominion Energy logo are seen in this illustration taken, December 9, 2022. REUTERS/Dado Ruvic/Illustration

Dominion Energy forecasts annual profit below estimates, raises spending plan

Dominion Energy forecasts 2026 profit below estimates but raises its five-year capital spending plan by nearly 30% to $64.7 billion amid rising electricity demand.

Real Estate

DepositPhotos

Stanley Martin Homes to acquire United Homes for $221M

Stanley Martin Homes announced Monday that it has entered an agreement to acquire United Homes Group in an all-cash deal worth $221 million.

Money

Traders work on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., February 17, 2026. REUTERS/Brendan McDermid

Wall Street ends sharply lower amid AI displacement fears and revived tariff angst

Wall Street stocks dropped sharply as fears over artificial intelligence disruption and revived tariff concerns weighed on investor sentiment amid ongoing geopolitical tensions.

Government

Sealing Technologies received an intent-to-award notification from the U.S. Cyber Command to begin production on Joint Cyber Hunt Kits. Image by Parsons

Parsons subsidiary to receive $500M Defense contract

Sealing Technologies received an intent-to-award notification from the U.S. Cyber Command to begin production on Joint Cyber Hunt Kits.

People

Douglas Coleman, SPA's chief legal officer. Photo courtesy Systems Planning & Analysis

Alexandria-based SPA names chief legal officer

Systems Planning & Analysis, an Alexandria-based national security data company, announced Doug Coleman will be its chief legal officer.

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BTM Business Connect

Rolley Davis, President of Sussex Development Corporation.

Rolley Davis Promoted to President of Sussex Development Corporation

Virginia Beach, VA — Sussex Development Corporation, a leading construction management firm headquartered in Virginia Beach, announced today the promotion of Rolley Davis from Vice President to President. As President, he will oversee company operations, strategic initiatives, and long-term growth, while continuing to foster the culture of integrity, commitment, collaboration, and excellence that has defined […]

Movers & Shakers

EVENTS

C-Suite Awards

June 4th, 2026 - 11:30 AM

The C-Suite Awards celebrate top corporate executives who consistently demonstrate remarkable leadership skills, integrity, values, vision, [...]

Forty Under 40

May 5th, 2026 - 12:00 AM

Forty Under 40 recognizes up and coming business professionals — Under the age of 40 — based on their professional accomplishments, comm[...]

Best Places to Work in Virginia

March 31st, 2026 - 4:30 PM

Best Places to Work in Virginia is a research-driven program from Best Companies Group that examines your company’s practices, programs an[...]

Women In Leadership

Details coming soon!

The Women in Leadership Awards celebrate top women executives for their overall professional accomplishments, civic engagement, mentorship, [...]

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Around The Nation

Paramount’s US antitrust waiting period ends for Warner Bros Discovery bid

Tehran prepares counterproposal as Trump weighs strikes

US judge upholds $243 million verdict against Tesla over fatal Autopilot crash

Trump orders temporary 10% global tariff to replace duties struck down by US Supreme Court

US Supreme Court rejects Trump’s global tariffs

Dollar advances after data implies stable labor market

Trump warns Iran of ‘bad things’ if no deal made

Oil prices hit six-month high amid US-IRAN tensions and Middle East military activity

People line up outside a Kentucky Career Center hoping to find assistance with their unemployment claim in Frankfort, Kentucky, U.S. June 18, 2020. REUTERS/Bryan Woolston

Fed’s Waller: January jobs data an upside surprise, if it continues a policy pause may be appropriate

Federal Reserve Governor Christopher Waller considers pausing interest rate hikes if February jobs data confirms stronger labor market after January's upside surprise.

Plants are displayed at the booth of American multinational oil and gas corporation ExxonMobil during the LNG 2023 energy trade show in Vancouver, British Columbia, Canada, July 12, 2023. REUTERS/Chris Helgren

US Supreme Court to hear bid by oil companies to toss climate suits

The US Supreme Court will hear ExxonMobil and Suncor Energy's appeal to dismiss a Colorado lawsuit seeking damages for climate change costs.

Figurines with computers and smartphones are seen in front of the words "Artificial Intelligence AI" in this illustration created on February 19, 2024. REUTERS/Dado Ruvic/Illustration/File Photo

Software companies face higher borrowing costs, tougher scrutiny as AI threatens businesses

Software companies in the US are delaying debt deals due to rising borrowing costs and lender scrutiny amid fears of AI disrupting business models.

The Long Beach Container Terminal is shown at the Port of Long Beach as seen from Signal Hill, California, U.S., January 14, 2026. REUTERS/Mike Blake

Trump warns of higher tariffs for countries that ‘play games’ after court ruling – UPDATED

WASHINGTON, Feb 23 (Reuters) – U.S. President Donald Trump on Monday warned countries against backing away from recently negotiated trade deals with the U.S. after the Supreme Court struck down his emergency tariffs, saying that he would hit them with much higher duties under different trade laws. Trump, in a series of social media posts, […]

The U.S. Capitol Building in Washington D.C., U.S., February 13, 2026. REUTERS/Annabelle Gordon

US lawmakers plan Iran war powers vote as Trump weighs strikes

US Congress plans a vote to block President Trump's ability to strike Iran without approval amid military preparations for potential conflict.

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Opinion

The December question every leader should anticipate

2025: The year of living disruptively

Local leaders shape solar’s future

Beyond burnout: the case for workplaces where people thrive

Back to school, back to buying? How fall affects Northern Virginia homebuyers

Women execs have tougher climb to top rung

Don’t import 996: Why America should reject overwork culture

OurView: Will AI spell lights out for white-collar workers?

Jennifer Williamson, CEO of Volunteer Fairfax and vice chair of Virginia Service Foundation. Photo courtesy Volunteer Fairfax

Virginia’s economic competitiveness depends on civic infrastructure

Virginia’s economic competitiveness will not be determined by incentives alone, writes Volunteer Fairfax CEO.

JMU will host seminars in 2026 examining the nation’s founding principles and civic engagement. Photo courtesy James Madison University

Making the business case for InternshipsVA

InternshipsVA establishes a framework that encourages Virginia employers to start or expand high-quality, paid internship programs.

The People Paradox: Why ‘Soft’ Skills Deliver the Hardest Numbers

Millennials burn out while holding it all together

The other day I was sitting in back-to-back meetings when two notifications hit at once. My son’s school called — he’d fallen and needed to be picked up from school immediately. At the same time, an email from my mom popped up asking for help with her prescriptions. Work was on fire. And I was […]

Richard Foster. Photo by James Lee

Bridging the workplace soft-skills gap across generations

An editor’s take on Gen Z soft skills, mentorship at work and Virginia Business marking 40 years covering the commonwealth’s business community.

On Jan. 15, 2022, Republican Glenn Youngkin was sworn in as Virginia’s 74th governor on the steps of the state Capitol. Photo courtesy governor’s office.

Why Virginia’s one-term limit for governors deserves a second look

As Virginia prepares to swear in its first woman governor, it’s worth reexamining whether the commonwealth’s one-term limit on governors serves the state’s long-term economic and leadership interests.

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