Va. had record 328,000 job openings in September
Va. had 8,000 more job openings than record set in July
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Virginia had 328,000 job openings in September and 123,000 quits, 4,000 fewer quits than the April 2021 peak, according to U.S. Bureau of Labor Statistics’ latest Job Openings and Labor Turnover Survey (JOLTS) data released Nov. 19. The September job openings number set a record previously set in July, when there were 320,000 openings. The
BlueHalo acquires Md. software company
Tech contractor continues acquisition streak
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Arlington-based tech contractor BlueHalo announced Tuesday that it had acquired Annapolis Junction, Maryland-based software solutions provider Asymmetrik Ltd. Financial details of the transaction were not disclosed. Founded in 2008, Asymmetrik develops software solutions and technology tools to enable the intelligence community’s programs. It delivers open-source intelligence technologies to enable the collection and analysis of publicly
Northrop Grumman promotes next president of space systems sector
Tom Wilson will succeed Blake Larson
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Tom Wilson will be promoted to corporate vice president and president of space systems for Falls Church-based Fortune 500 aerospace and defense contractor Northrop Grumman Corp. on Jan. 1. “Tom’s leadership experience and achievements in the national security, civil and commercial space markets make him ideally suited for his new role,” Kathy Warden, Northrop Grumman’s
M.C. Dean secures $250M Washington HQ Services contract
Firm to provide electronic and physical security systems for Pentagon
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Tysons-based electrical engineering firm M.C. Dean Inc. won a $250 million contract with the Washington Headquarters Services in Arlington, the U.S. Department of Defense announced Thursday. Under the firm-fixed price, indefinite delivery, indefinite quantity Pentagon Force Protection Agency Integrated Security Services Contract, M.C. Dean will provide a total system approach for providing integrated electronic and
GDIT wins $829M Defense Intelligence Agency contract
General Dynamics Corp. subsidiary will provide IT help desk services
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Falls Church-based General Dynamics Information Technology Inc. (GDIT) won an $829 million contract with the Defense Intelligence Agency (DIA), the U.S. Department of Defense announced Monday. Under the fixed-price, award-fee task order, the Fortune 500 General Dynamics Corp. subsidiary will provide all IT help desk services for the DIA. Work will be performed at Joint
Former LeClair Ryan execs reach $10M settlement
Firm founder, CEO, others reached agreement with bankruptcy trustee and insurer
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Former executives at Richmond-based LeClair Ryan PLLC have reached a settlement with the firm’s insurer and bankruptcy trustee over $10 million in pending claims, according to a report from The American Lawyer. The firm’s liability insurer, Columbia Casualty, agreed to pay the firm’s trustee, Lynn Tavenner, $9.425 million to resolve claims including conspiracy and breach
Roanoke biz to create 30 jobs in Scott County
VFP Inc. will spend $7.2M to expand the ability to produce larger shelters
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Roanoke-based VFP Inc. will invest $7.2 million to expand in Scott County, creating 30 jobs, Gov. Ralph Northam announced Monday. The expansion will allow VFP to produce larger concrete shelters. “Great workers live in Southwest Virginia, and companies like VFP recognize that,” Northam said in a statement. “Virginia is advancing manufacturing across the commonwealth, and
Va. hotel revenues continue to lag from 2019 levels
October overall revenues decreased 20% from 2019, but Hampton Roads revenues 8% higher
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Virginia hotel revenues for October were 20% below pre-pandemic levels in October 2019, according to newly released data from STR Inc., a CoStar Group division that provides market data on the U.S. hospitality industry. During the same period, hotel rooms sold decreased by 13% compared with 2019 levels. The average daily rate (ADR) paid for
Va. unemployment rate dropped to 3.6% in October
October marks 17th month of declining rate
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In October, Virginia’s unemployment rate fell to 3.6%, 0.2 points below September’s rate, Gov. Ralph Northam announced Friday. The state’s unemployment rate has declined for 17 months straight. In October 2020, the jobless rate was at 5.3%, 2.5 points higher than last month. The labor force increased by 5,918 to almost 4.26 million, and the number
Springfield office building sells for $29.3M
Springfield Corporate Center office building is 84% leased
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The Springfield Corporate Center office building sold for $29.3 million, New York-based real estate company Newmark Group Inc. announced Wednesday. Located at 6225 Brandon Ave., the five-story building is 138,830 square feet. The building was constructed in 1988 and renovated in 2014 and 2015 in a $2.7 million program. The property is 84% leased, primarily