This report is compiled from company releases, business journals and newspapers from around the state. If you have an item for these listings please:

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For the Record
Virginia Business Magazine
P.O. Box 85333
Richmond, VA 23293

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Mergers and Acquisitions
Alion Science and Technology Corp., a McLean-based, employee-owned research and development company, acquired all common stock (valued at about $130 million, plus warrants and the assumption of some liabilities) of IIT Research Institute, a not-for-profit Illinois provider of technological solutions to federal government agencies. (Press release)

American Management Systems Inc. of Fairfax, a global business and IT consulting firm, purchased the interconnection gateway software assets of Quintessent Communications of Redmond, Wash. (PR Newswire)

AmeriComm, a full-service direct marketing and communications company headquartered in Norfolk, acquired Sarasota, Fla.-based Fastlist.com, a division of High Tech Data Services and provider of occupant/resident mailing lists. (Press release)

Cardinal Financial Corp. of Fairfax, a full-service investment firm, plans to purchase or lease three to five branch offices located in Northern Virginia. The company also has options to buy up to three additional branch offices over the next eight years. (Business Wire)

Cherry, Bekaert & Holland, a regional accounting firm headquartered in Richmond, added Offutt Childers & Putman of Tysons Corner to its accounting and consulting practice group. (Press release)

CyberRep in McLean, a provider of customer care and customer relationship management solutions, was acquired by ACS of Dallas, a provider of information technology outsourcing solutions. (Press release)

Everyones Internet Inc., a Houston-based ISP and its subsidiary, Rackshack.net, a provider of discount dedicated hosting, acquired HostingTech, an Alexandria-based magazine owned by Dome Capital, a venture capital firm, (PR Newswire)

First Community Bancshares Inc., the holding company for First Community Bank based in Bluefield, plans to acquire Commonwealth Bank of Richmond for $27.7 million. First Community currently has 41 branches in Va., W.Va., and N. C. With assets of $1.5 billion, it's the second largest bank based in Virginia. (Richmond Times-Dispatch)

First Virginia Banks Inc. of Falls Church, is being acquired by Winston-Salem, N.C.-based BB&T Corp. The $3.1 billion stock swap creates the nation's 11th largest financial institution by combining the highest-performing bank holding companies. (Richmond Times-Dispatch)

Information Management Consultants Inc. of McLean, a privately held provider of innovative IT custom and packaged solutions, plans to acquire Silver Spring, Md.-based KEVRIC, a provider of management, technical, and scientific support services to private and public sector clients. (Press release)

MW Manufacturers Inc., a Rocky Mount-based manufacturer and distributor of windows and patio door products, was bought by Investcorp, a global investing group of New York, from Fenway Partners Inc., a private equity investment firm headquartered in New York, for about $188 million. (PR Newswire)

Vocus of Lanham,Md.,a provider of Web-based software for corporate communications management, acquired Public Affairs Technologies Inc., a privately held provider of media relations software headquartered in Alexandria. (PR Newswire)

Science Applications International Corp., an employee-owned research and engineering company of McLean, acquired VGS Inc., a Fairfax-based employee-owned information technology systems integrator. (PR Newswire)

SRA International Inc. of Fairfax, a provider of information technology services and solutions for the federal government, has signed an agreement to acquire Adriot Systems Inc. of Alexandria, a provider of intelligence, surveillance and reconnaissance services to U.S. intelligence and defense organizations. (Press release)

Deals
Atlantic Research Corp., a Gainesville-based unit of Sequa Corp. of New York, was selected by Spectrum Astro headquartered in Arizona, to supply a monopropellant propulsion system for the Gamma-ray Large Area Space Telescope Observatory. (Business Wire)

BearingPoint Inc. of McLean, a business consulting and systems integration firm, formed a strategic alliance with Sybase Inc. of Dublin, Calif., an enterprise infrastructure and integration company in an effort to become more customer-focused and cost-efficient. ( PR Newswire) It was also awarded a $1.2 million contract by the Department of Defense Biometrics Management Office to develop technologies to enhance security at the Department's facilities. (PR Newswire)

Business Objects, a San Jose, Calif.-based provider of business intelligence solutions with an office in McLean, was chosen by CareFirst BlueCross BlueShield, a non-profit healthcare company chartered in Maryland, to provide analytic applications to hospitals. (Business Wire)

Carter Ryley Thomas Public Relations and Marketing Counsel of Richmond, added the University of Virginia's Department of Intercollegiate Athletics to its client roster and will provide branding evaluation and strengthening. ( PR Newswire)

Comsearch of Ashburn, a provider of global offerings for wireless engineering design, acquisition, and maintenance services,entered into an agreement with C.L.M. Consulting, of Turin, Italy to represent Comsearch's software tool, iQ.link and related services that support the design of fixed microwave networks in Europe.(Press release)

Community Health Systems Inc. of Nashville, Tenn., an operator of general acute care hospitals in non-urban communities, plans to acquire Southside Regional Medical Center in Petersburg. (Business Wire)

Convera of Vienna, a provider of mission-critical enterprise solutions, was chosen by the Center for Army Lessons Learned to provide RetrievalWare® to foster more effective information sharing and knowledge discovery. (Business Wire)

CSXT, a provider of retail-based transportation and distribution services and business unit of Richmond-based CSX, entered into an agreement with Naviera del Odiel S.A., headquartered in Madrid, to jointly market CSXT services to shippers in Spain and Portugal. (PR Newswire)

DynMcDermott Petroleum Operations, a company jointly owned by Dyncorp of Reston, McDermott International Inc. and International Matex Tank Terminals of New Orleans, La., and Jacobs Engineering of Pasadena, Calif., formed solely to operate the Strategic Petroleum Reserve, was awarded a five-year contract by the U. S Department of Energy for management and support of the government's emergency crude oil stockpile. (PR Newswire)

ExxonMobil Research and Engineering Co., a division of ExxonMobil with operations in Fairfax, was chosen by Sunoco Inc., a petroleum and petrochemical producer and marketer based in Philadelphia, Pa., for use of its proprietary gasoline sulfur reduction process. (Business Wire)

General Dynamics Santa Barbara Sistemas, a unit of General Dynamics of Falls Church, was chosen by the Spanish Army to execute the second phase of the Pizzaro Advanced Infantry Fighting Vehicle program in a deal valued at approximately $544 million. (PR Newswire)

Public Interest Registry of Reston, a not-for-profit corporation created to manage the .ORG registry, successfully transitioned the technical system from former back-end provider VeriSign Global Registry Services headquartered in Mountain View, Calif., to back-end service provider Ireland-based Afilias Limited. (Business Wire)

SAVVIS Communications, a global managed services provider headquartered in Herndon, plans to provide Discovery Communications Inc., a global real-world media and entertainment company, with IP VPN and managed hosting services. (Business Wire)

Spacenet Inc., a subsidiary of Gilat Satellite Networks of Petah Tikva, Israel, with U.S. headquarters in McLean and provider of satellite-based, broadband Internet communications technology, signed multiple agreements to global lottery services provider, GTECH Corp. of Rhode Island, to install terminals for networks in California, Minnesota, Kansas and New York. (Business Wire)

The Virginia Baseball Stadium Authority selected White & Baldacci of Herndon to be its marketing agency. (PR Newswire)

United Defense Industries Inc., an Arlington-based producer of defense tools, was chosen by the Defense Advanced Research Projects Agency and the Army to partner with General Dynamics Land Systems to design the Army's next generation of manned ground vehicles. (Business Wire)

VSE Corp.'s Land Division of Alexandria, a diverse professional services provider, was awarded a five-year subcontract valued at approximately $30 million to provide technical services for the U.S. Army M109 Family of Vehicles. (PR Newswire)

Xbernaut Corp., a Fairfax-based provider of wearable/mobile computing hardware and software, entered into a co-marketing agreement with Witnet International Inc., a software company with offices in Seoul, South Korea and Toronto, Canada. (PR Newswire) The company also received an order for more than $2.2 million of its Atigo hardware and associated services by a Fortune 250 in the transportation industry. (Business Wire)

New Plants and Companies
Carry-On Trailer Corp., a Lavonia, Ga.-based manufacturer of utility trailers, plans to create 75 jobs through a $2.5 million investment in a 85,000-square-foot facility in Westmoreland County. Virginia competed successfully with Georgia, Iowa, Texas and West Virginia for the project. (Press release)

Hilb, Rogal and Hamilton Co. of Richmond, an insurance intermediary, formed HRH Affinity Marketing Group, a purchasing alliance providing health insurance and other products and services to members of trade and professional associations and other multiple-employer purchasing groups. (Press release)

Indotronix International Corp., an IT services company based in Reston, formed a new information technology systems provider company for government customers, American Technology Services, which will provide a spectrum of IT solutions. ( Press release)

Nautica Enterprises Inc., an apparel designer and distributor based in New York, integrated the customer service and distribution functions of subsidiary' Earl Jean Inc.,into its Martinsville facility. (PR Newswire)

Schneider National Inc., a provider of premium truckload and intermodal services headquartered in Wisconsin, plans to hire 200 drivers in Virginia to serve Wal-Mart Store Inc.'s grocery distribution center in Louisa County. (Richmond Times-Dispatch)

TechBooks of Fairfax, a publishing technology company, announced key changes SUCH AS WHAT? to strengthen its focus on specific markets: educational, professional, information and financial printing. (Press release)

Executive Promotions
Brian S. Carlton, Partner-in-Charge of the Tyson's Corner office, Goodman & Co. in Tyson's Corner. (Press release)

Eric Hansen, COO, Henninger Media Services in Arlington. (Press release)

Jeffrey H. VonDeylen, Executive Vice President, CFO, director, SAVVIS Communications in Herndon. (Business Wire)

Major General (Ret.) John G. Meyer, Jr., president, and board member, The Allied Defense Group in Vienna. He also holds position of COO. (PR Newswire)

John K. Johnson, CFO, Smith-Midland Corp. in Midland. (Business Wire)

J. Todd Scruggs ,Executive Vice President, CFO, Bank of the James in Lynchburg. (Business Wire)

Norman Welsch, CFO, Infodata Systems Inc. in Fairfax. (PR Newswire)

Paul Suijk, SVP, CFO, Cadmus Communications Corp. in Richmond. (Richmond Times-Dispatch)

Randy K. Ferrell, CEO as of June 1, 2003, The Fauquier Bank in Warrenton. He previously held positions of SVP, president and COO. (PR Newswire)

Robert R. Chapman III, president, Bank of the James in Lynchburg. He is a co-founder of the bank. (Business Wire)

Stephen Hare, president of the publisher-service group, Cadmus Communications Corp. in Richmond. He previously held positions of EVP STANDS FOR? and CFO. (Richmond Times-Dispatch)

Takayoshi Hanagata, president, CEO, Canon Virginia Inc. in Newport News and president and CEO, Industrial Resources Technologies Inc. in Gloucester. (Press release)

Contracts
The Allied Defense Group Inc., Vienna: $6.8 million over 15 months from a South American customer to the Belgian defense unit, MECAR, S.A., for various types of 90mm rounds. (PR Newswire)

Anteon International, Fairfax: task orders valued at $23 million over five to six years if all options are exercised to provide information technology and programs management support for the U.S. Naval Weapons Station, Seal Beach, California. (Press release); $11.6 million amendment for a year from the U.S. Army Simulation, Training and Instrumentation Command to support the combat training range instrumentation program at Fort Hood, Texas. (PR Newswire); task orders each for one-year periods valued at $16.2 million to support U.S. Navy aircraft carrier programs. (PR Newswire)

BearingPoint Inc., McLean: $8.5 million from Hyundai Motor Co., to provide software implementation at the new auto assembly and manufacturing plant under construction in Montgomery, Alabama. (PR Newswire)

DynCorp, Reston: $35 million subcontract over five years to provide operational support to the U.S. Naval Ship Hayes and USNS Waters, Naval Special Mission ships that support test and range operations in Florida. (PR Newswire)

General Dynamics Electric Boat, Falls Church: $51 million modification for nuclear-submarine work expected to be completed by September 2003. (PR Newswire)

H-Quotient Inc., Vienna: $5 million through a series of multi-year contracts with companies in North America and Asia. (Business Wire)

MAXIMUS, Reston: $13 million statewide Justice Solutions contract for the Commonwealth of Massachusetts Administrative Office of the Trial Courts to support operations. (Business Wire)

Orbital Sciences Corp., Dulles: four firm orders from the U.S. Government valued at $60 million to provide four small space launch vehicles. (PR Newswire)

Radian Inc., Alexandria: $2.1 million from Lear Siegler Services Inc., to produce 18 CH-53E Helicopter Night Vision System Forward Looking Infared A-kits for the U.S. Naval Air Systems Command. (PR Newswire)

RS Information Systems Inc., McLean: $409 million consolidation of several existing and related IT contracts to provide mission-critical information technology support to the U.S. Department of Energy. (Business Wire)

Sensytech Inc., Newington: two awards totaling $12 million for the AN/SLQ-25A Surface Ship Torpedo Defense System. Press release); 3.1 million for its Defense Group to continue manufacturing and integrating the Radar Wideband Subsystem for the AN/BLQ-10(V) Electronic Warfare support System. (Press release)

SENTEL Corp., Alexandria: $1.7 million for five years from the Immigration and Naturalization Services to develop an electronic library or reading room through administrative and technical support services, for Freedom of Information Act requests. (Press release)

Siemens, Reston: $15.8 million communications infrastructure and applications contract from the Kansas City, Mo., School District to the Enterprise Networks division to expand existing communications infrastructure. ( PR Newswire)

SRA International Inc., Fairfax: $9 million over six years from the U.S. Navy's Military Sealift Command to provide systems development and integration services in support of MSC's electronic government program. (Press release)

United Defense Industries Inc., Arlington: $75 million omnibus acquisition and life cycle support contract over five years to its subsidiary, Barnes & Reinecke Inc. to ensure the execution of its acquisition mission for Combat Support and Combat Service Support systems. (Business Wire)

VERSAR Inc., Springfield: two-year contract from the Illinois Department of Transportation to provide vulnerability assessments of transportation facilities and emergency response plans to acts of terrorism. (PR Newswire)

WebMethods Inc., Fairfax: integration platform used by the State of Georgia to build the integration infrastructure for georgia.gov, the state's portal. (PR Newswire)

Cutbacks and Closings
BearingPoint Inc., a business consulting and systems integration firm headquartered in McLean, plans to reduce its work force by approximately 450 to 550 employees, mainly in the North American and Asia Pacific regions. (PR Newswire)

Carilion Health System of Roanoke, plans to eliminate 51 jobs in response to financial pressure from state Medicaid cuts. Severance packages and employment assistance will be offered. (The Roanoke Times)

Dominion Resources Inc., the parent company of Dominion Virginia Power, plans to cut several hundred jobs this year in an effort to reduce costs while improving productivity. (The Virginian-Pilot)

Nippon Wiper Blade Co., a windshield-wiper blade producer based in Japan, plans to close the plant in Dinwiddie County at the end of March, leaving about 250 employees jobless. (Richmond Times-Dispatch)

Sperry Marine of Albermarle County, a supplier of navigation, communication, information, and automation systems for commercial marine and naval markets, plans to furlough 140 employees due to delay of contract awards. (The Daily Progress)

Divestitures
Ethyl Corp., a petroleum additive developer headquartered in Richmond, sold its phenolic antioxidant business to Albermarle Corp., a chemical producer, as an additional step toward reducing debt and focusing on the core business. (Business Wire)

Expansions
Oblon, Spivak, McClelland, Maier & Neustadt, an Alexandria-based intellectual property law firm, relocated its headquarters to Crescent at Carlyle. ( Press release)

ProChem Analytical Inc. of Elliston, an environmental laboratory, plans to invest about $1.6 million in a 33,000-square-foot industrial park building in eastern Montgomery County. (The Roanoke Times)

US Airways Express plans to introduce regional jet service in Nashville, Tenn., on March 10, 2003 and provide three daily nonstop roundtrip flights to Washington Reagan National Airport. (PR Newswire)

Volvo Trucks North America, the 293-acre manufacturing facility in Pulaski County plans to recall about 300 laid-off workers in April to handle increased production. (The Roanoke Times)

Westport Worldwide of Danbury, Conn., an executive benefits arm of Richmond-based Hilb, Rogal and Hamilton Co., opened its first Midwest sales office in Oakbrook Terrace, Ill. (Business Wire)

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Real Estate
Advantis Real Estate Services Co., a full-service real estate firm with offices in major Virginia markets and Washington, D.C., represented GRAN-Mark Income Properties in the sale of Sudley Tower in Manassas for roughly $9.1 million to Broad Street Ventures, a local private investment company. (Press release); represented Chantilly-based Network Resources, a systems integration firm, in renewing and lease restructuring at 4230 Lafayette Center Drive, a 9,493-square-foot building. (Press release)

Atlantic Realty Cos. of Tyson's Corner, a commercial real estate developer, purchased Sunset Business Park, a 19-acre 120,000-square-foot property in Herndon for $14.5 million. (Press release)

Buchanan Partners, a land developer based in Gaithersburg, Md., broke ground on the second phase of the 12-acre 145,500-square-foot office/flex/industrial project at the Euclid Business Center in Manassas. Completion is expected by spring 2003. (Press release)

Harbor Group International of Norfolk, a real estate investment firm, purchased the First Union Tower in downtown Baltimore in partnership with an unnamed corporate investor for $50.2 million. (The Virginian-Pilot)

NCI Information Systems Inc., an information technology services provider headquartered in McLean, leased a 76,716-square-foot space in the 1.2 million-square-foot Plaza America in Reston where the international headquarters will be located. (Press release)

Shenandoah University received a gift of commercial property in Martinsburg, W. Va, forVALUED AT? $1.3 million from the Schmidt Baking Co. of Baltimore, Md., an independent premium wholesale baker in the mid-Atlantic region. (Press release)

Heritage Property Investment Trust Inc., a fully integrated, self-administered and self-managed REIT based in Boston, Mass., acquired Spradlin Farm, a 442,082-square-foot community shopping center in Christiansburg. (PR Newswire)

Washington Real Estate Investment Trust, a self-administered, self-managed REIT, acquired Fullerton Industrial Center, a 137,405-square-foot three building industrial property in Springfield for $10.55 million. (PR Newswire)

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Financing
Cigital Inc. of Dulles, a provider of solutions to speed the development and delivery of high-quality software, secured a $3 million line of credit from the Technology Life Sciences Division of Comerica, a financial services company. (PR Newswire)

Optical Cable, a fiber optic cable manufacturer based in Roanoke, repurchased almost 1.5 million shares of common stock for $2.95 million. (The Roanoke Times)

Pacel Corp. of Manassas, a PEO provider, received a guaranteed funding commitment of $2.5 million minimum and $5 million maximum over the next year from the Honor Fund, an investment fund in Nevada which provides finance to companies in emerging growth markets. (Business Wire)

PRIMUS Telecommunications Group Inc. of McLean, a global facilities-based Total Service Provider, purchased $64.15 CHECK AMOUNT? million principal amount of its high yield debt for $46.9 million. (Business Wire)

ServerVault, a Dulles-based secure managed hosting provider placed a $2.5 million equipment lease facility with Information Leasing Corp., a subsidiary of Provident Bank of Cincinnati, and another unnamed partner. (PR Newswire)

SevenSpace of Chantilly, an IT outsourcing firm, received an additional round of $4 million in growth capital. (PR Newswire)

Talk America, an integrated communications provider based in Reston, authorized a share buyback program of $10 million or 2.5 million shares. (Business Wire); plans to purchase 1,315,789 of its common shares from America Online Inc. (Business Wire)

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Noteworthy
Liberty Property Trust, a real estate company based in Richmond, announced David Colbert would be the new president of the Virginia Chapter of the Building Owners & Managers Association. His tasks are to increase membership and challenge members to become more involved in educational seminars and legislative events. (Press release)

McGuireWoods Consulting, a subsidiary of McGuireWoods, announced Stephen A. Katsurinis would be Special Assistant to the Office of National Drug Control Policy. His tasks are to assist the director with drug policy formation and to be in charge of intergovernmental relations for this cabinet-level White House Office. He previously held the position of Vice President of Federal Public Affairs at McGuireWoods. (Press release)

Oblon, Spivak, McClelland, Maier & Neustadt, an intellectual property law firm headquartered in Alexandria, broke the record for obtaining the most U.S. patents in a single year with 3,462. (Press release)

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