Volvo electric trucks to be produced at NRV plant in early 2021
Heavy-duty VNR truck produces no tailpipe emissions
Volvo Trucks North America’s plant in Pulaski County will manufacture its new battery-powered VNR Electric truck model starting early next year, the company announced Thursday. The largest Volvo truck plant in the world, the Dublin facility currently employs close to 3,000 people and builds heavy-duty trucks of multiple models. The Volvo Class 8 VNR Electric
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NuWave Solutions acquires San Diego-based analytics company
McLean-based tech contractor buys BigBear Inc.
Published
McLean-based federal technology contractor NuWave Solutions LLC announced Thursday it has acquired BigBear Inc., a cloud-based big data analytics firm in San Diego. Financial terms of the transaction were not disclosed. This marks NuWave’s first acquisition since it was acquired by Boca Raton, Florida-based private equity firm AE Industrial Partners LP in June. Founded in
ManTech wins $273M Homeland Security contract
Herndon-based company to work on business intelligence services for Customs and Border Protection
Published
The U.S. Department of Homeland Security awarded Herndon-based ManTech, a technology contractor for U.S. defense, intelligence and federal civilian agencies, a five-year, $273 million contract to provide business intelligence support services for Customs and Border Protection (CBP), the company announced Thursday. Under the contract, ManTech will perform services that prevent crime and terrorism, according to
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Va. jobless claims fall to lowest level since March
72K Virginians remain unemployed, however
Published
The number of initial jobless claims filed last week fell to its lowest level since the pandemic’s employment effects began to be felt in mid-March, the Virginia Employment Commission reported Thursday. Initial jobless claims in Virginia dropped by 29.7% last week compared with the previous filing week, according to the VEC, while continued claims fell
These 16 Va. companies received $10M PPP loans
SBA releases comprehensive list of PPP loan recipents, amounts
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The U.S. Small Business Administration on Tuesday released additional information about all approved borrowers from its $659 billion Paycheck Protection Program (PPP) small business relief program, this time including exact company names, loan amounts, addresses and other information. Previously, the government in early July had released an incomplete list of recipients, including only ranges of
Salesforce to acquire McLean-based Acumen Solutions
News comes on same day as Slack acquisition
Published
On Dec. 1, the same day it announced that it was acquiring workplace communication service company Slack for $27.7 billion in cash and stock, cloud-services company Salesforce.com Inc. revealed that it’s also acquiring McLean-based professional services firm Acumen Solutions. San Francisco-based Salesforce has entered into a definitive agreement to acquire Acumen Solutions. In a statement
Arlington-based blank check company raises $300M in IPO
Capitol Investment Corp. V is a special purpose acquisition company
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Arlington-based Capitol Investment Corp. V raised $300 million through its initial public offering, the special purpose acquisition company (SPAC) announced Wednesday. Led by Chairman and CEO Mark D. Ein and President and CFO L. Dyson Dryden, the company was formed for the purpose of a merger or purchase of another company, though a news release
Va. hotel revenues remain low during increased COVID-19 restrictions
Even more declines anticipated in coming weeks
Published
With COVID-19 cases mounting, Virginia hotel revenues continue to decline when compared with last year, according to data from STR Inc., a CoStar Group division that provides weekly market data on the U.S. hospitality industry. For the week of Nov. 22 through Nov. 28, hotel revenues in Virginia decreased by 34% and rooms sold declined
No new restrictions, but Northam urges COVID-19 caution
Governor says medical workers, nursing home residents will be prioritized for vaccine
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Gov. Ralph Northam warned Virginians about growing numbers of COVID-19 cases, especially in Southwest Virginia, which has seen higher rates for more than a month, in part because the region’s neighboring states also have seen spikes. At his Wednesday news conference, Northam stopped short of enforcing new restrictions, but encouraged people to follow physical distancing
Former Deputy Commerce Secretary Angela Navarro to be SCC commissioner
Will fill occupancy left by former chair, Mark Christie
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Former Deputy Secretary of Commerce and Trade Angela Navarro will be appointed to fill the State Corporation Commission’s open commissioner slot, Gov. Ralph Northam said Wednesday. An attorney, Navarro is expected to be appointed in early January, the governor said. Although the governor can appoint commissioners, Navarro must be approved by the state Senate and
Virginia redistricting committee takes shape
Applications due Dec. 28 for eight citizen slots
Published
RICHMOND, Va. — More than half a dozen legislators have been named to a bipartisan redistricting commission that seeks to fairly draw congressional and state legislative districts. The commission will be made up of 16 people. Half of them will be legislators and the other half will be Virginia citizens. Virginia legislative leaders chose four
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IronArch Technology names chief strategy, growth officer
Cameron Hogan joins McLean-based federal consultancy
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McLean-based federal consulting firm IronArch Technology LLC announced Tuesday it has hired Cameron Hogan as chief strategy and growth officer. With more than 30 years of experience, Hogan was most recently the chief strategy officer at Norfolk-based consultancy Falconwood Inc. In his new role, he will focus on corporate growth while IronArch transitions from a
Noblis names defense mission VP
Glenn Hickok joins Reston-based not-for-profit federal contractor
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Reston-based not-for-profit federal contractor Noblis announced Tuesday it has hired Glenn Hickok as vice president of its defense mission area, which provides advanced analytics services for warfighters. Hickok was most recently the president of mobile forensic software company MSAB’s North American subsidiary. At Noblis, he will direct the company’s work for Department of Defense customers
National Landing BID makes hires, promotions
Marketing, planning VPs announced
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The National Landing Business Improvement District (BID) announced Wednesday a slate of new hires and promotions, including two newly created vice president positions. Ashley Forrester is the Arlington-based public-private partnership’s new vice president of marketing and communications, and Malaika Scriven is vice president of planning and development, posts recently created. Robert H. Mandle is now
New president and CEO starts at Reston-based federal contractor
William Schaefer to lead Amyx
Published
On Dec. 2, William Schaefer took the helm as the new CEO and president of Reston-based federal contractor Amyx Inc. With more than 20 years of leadership experience in the technology sector, Schaefer succeeds Satya Akula, who announced his retirement in November. Schaefer joined Amyx more than a decade ago and has spent the past
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The Mailroom
A time for unity
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Thanks for inviting me to participate in the 2020 Virginia Business Political Roundtable. It was a very stimulating and thought-provoking discussion. One loud message came through following the Nov. 3 election — America is a nation divided. The results showed that the path forward must address that divide, or we will never achieve the unity
OurView: How did it get so late so soon?
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On the subject of time, the much-beloved children’s book author Dr. Seuss once wrote, “How did it get so late so soon?” With December here, that’s an almost perfect description of 2020. How did it get so late, so soon? Most of the past 8 to 9 months have been characterized by an almost immutable
Walking around
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Back in 1982, Tom Peters and Robert Waterman Jr. co-authored a business book titled, “In Search of Excellence: Lessons from America’s Best-Run Companies.” Among many topics popularized by this bestseller was a concept called “management by walking around.” This wasn’t an entirely new idea. It was practiced in the 1970s at Hewlett-Packard and had roots
The Mailroom
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A deserving legend Congratulations on the Virginia 500 Power List issue. It is thorough and very well-researched. It will be on lots of people’s desks. You in my opinion picked the appropriate person to lead off the living legends section. Bill Goodwin has been incredibly successful and generous. I have had the pleasure of representing