Raytheon wins $985M Air Force hypersonic missile contract
Next step in hypersonic arms race
Raytheon Technologies Corp.’s missile and defense division has received the go-ahead from the Air Force to move beyond the prototype phase and continue development of a new hypersonic cruise missile
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17th Street Lofts sells for $4.65M in Richmond
One South Commercial represented seller
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An apartment building in the city of Richmond has changed hands. BP I LLC purchased the 17th Street Lofts, located at 329-333 Oliver Hill Way, from 333 Oliver Hill LLC
Norfolk industrial property sells for $7.3M
Building is 100% leased
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A 60,900-square-foot industrial property in Norfolk has been sold for $7.3 million, Colliers announced Sept. 20. Miami-based Jewell Capital LLC acquired the Brookside Industrial building, 4840 Brookside Court, from Maryland-based Hemsman
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22 acres in Innsbrook to be developed into mixed-use
Land to be developed into apartments, hotel, retail
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Newton, Massachusetts-based Northland has acquired 22 acres to build a mixed-use development at the “North End” of the Innsbrook area in Henrico County, from Raleigh-based Highwoods Properties. The site is
RapidFlight to add 119 jobs at Manassas HQ
Drone company to invest $5.5M
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RapidFlight LLC, a designer and manufacturer of unmanned aircraft will invest $5.5 million to establish operations in Manassas, creating 119 jobs over the next three years, Gov. Glenn Youngkin announced
Pangiam to add 200+ jobs at new Tysons HQ
Tech company specializes in facial recognition, identity solutions
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Pangiam, a travel and security technology company, will invest $3.1 million to establish its global headquarters in Fairfax County’s Tysons area, creating 201 jobs over the next three years, Gov.
Google Public Sector taps Booz Allen exec as CEO
Karen Dahut to start Oct. 31
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Karen Dahut will be the CEO of Google Public Sector, Google LLC’s subsidiary focused on government and educational contracting work. Dahut starts Oct. 31 and will be based out of
DXC Technology receives takeover interest
Bloomberg reports Fortune 500 IT company approached by private equity firm
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Ashburn-based DXC Technology Co. has received takeover interest from at least one private equity firm and is working with advisers, Bloomberg reported Wednesday. A company spokesperson declined to confirm details
Enabled Intelligence to expand, add 117 jobs
Data company will invest $1.7M
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Enabled Intelligence Inc. is investing $1.4 million to expand its Falls Church headquarters, adding 117 jobs, Gov. Glenn Youngkin announced Wednesday. The company provides data-labeling services to enable artificial intelligence
Apex Systems co-founder gives $500,000 to Va. Tech
Win Sheridan's gift to aid student entrepreneurs
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Virginia Tech University’s Apex Center for Entrepreneurs has received a $500,000 donation from Apex Systems co-founder Win Sheridan. A 1994 Tech graduate with bachelor’s degrees in political science and English
Hotel revenues continue to outpace 2019, but only slightly
Demand still lagging as prices increase
Published
The commonwealth’s hotel industry is continuing its recovery, though the Northern Virginia market continues to be a drag on its performance, according to data from STR Inc., a division of
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Northrop Grumman names new defense systems president
Roshan Roeder succeeds Mary Petryszyn
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Falls Church-based Northrop Grumman Corp.’s board of directors has appointed Roshan Roeder as corporate vice president and president of the Fortune 500 company’s defense systems sector. Roeder currently serves as
Allianz promotes Canadian CFO to North American CFO
Patrick Espeut promoted after Jeff Wright became CEO
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Henrico County-based Allianz Partners USA has promoted Patrick Espeut to chief financial officer for the North America region, which includes the U.S. and Canada, the travel insurance and assistance company
Virginia State Bar names new exec director/COO
Cameron Rountree was interim executive director
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The former deputy executive director of the Virginia State Bar has been promoted to lead the organization responsible for the licensing of more than 50,000 lawyers in the commonwealth. Cameron
IALR names Boeing exec to EVP role
Todd Yeatts to start Oct. 3
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The Institute for Advancing Learning and Research in Danville has named Todd M. Yeatts as executive vice president of manufacturing advancement, effective. Oct. 3. Yeatts joins IALR from The Boeing
Opinion
2022 Virginia 500: The power of leadership
A note from the publisher
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Power is one of those things that can sound great until you have it. It’s a be-careful-what-you-ask-for kind of thing. Power without leadership often goes awry, leading to unfortunate outcomes.
All businesses great and small
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There are 32.5 million small businesses in the United States, employing more than 61 million people and making up a staggering 99.9% of the nation’s businesses, according to the U.S.
2022 Virginia 500: Moving up
A note from the editor about the 2022-23 Power List
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When I give my elevator speech about the Virginia 500, it usually starts this way: It’s like the Fortune 500, but instead of focusing on companies, it’s about people. More
Breaking rank
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What a difference a year makes. On July 13, 2021, against a backdrop of ships blasting their horns and spraying water in celebration at the Port of Virginia’s Norfolk International