The transaction is anticipated to be complete by the end of the second quarter.
Reston-based government contractor Leidos will acquire L3Harris Technologies’ Security Detection and Automation businesses for $1 billion in cash in a deal that is expected to close in the second quarter of 2020, the company announced Tuesday. The boards of directors for both companies unanimously approved the transaction. Headquartered in Tewksbury, Massachusetts, and Luton, England, the
Port Host Communities Revitalization Funds will assist projects in Newport News, Norfolk and Portsmouth.
The General Assembly allocated $1 million in grants to redevelop port-related properties in Virginia’s “port host communities,” including Newport News, Norfolk and Portsmouth, Gov. Ralph Northam announced Tuesday. The goal of the funding is to enable timely redevelopment of port structures for economic development and employment growth, according to the Department of Housing and Community
The $250M Institute for Digital InnovAtion will be located near Amazon HQ2.
George Mason University is seeking a development partner to design, construct and operate its proposed $250 million Institute for Digital InnovAtion (IDIA) set to open in September 2025 on its Arlington campus. The university has released a request for proposals (RFP) seeking for partners to build 400,000 square feet of new building space adjacent to
The project is expected to be completed in 2021.
Gov. Ralph Northam led a groundbreaking ceremony Tuesday for the Virginia Alcoholic Beverage Control Authority’s $91 million state headquarters complex in Hanover County, expected to open next year. Virginia ABC’s existing warehouse in Richmond is just more than 295,000 square feet, but is operating at 100% capacity and “bursting at the seams,” said Virginia Secretary
The defense contractor first announced the transaction in December 2019.
Reston-based defense contractor Leidos completed its acquisition of Huntsville, Alabama-based national security services provider Dynetics Inc. for $1.65 billion in cash, Leidos announced Monday. The transaction was first announced in December 2019. For the fiscal year that ended Dec. 28, 2018, Leidos reported that its annual revenues were approximately $10.19 billion. The company was founded
ACI has four Va. offices and employs more than 800 people.
Richmond-based Atlantic Constructors Inc. (ACI) named Evan Shriver as its CEO, replacing founding CEO Art Hungerford, the company announced Monday. Hungerford will transition into the role of chairman. ACI is an industrial and commercial contractor with offices in Richmond, Newport News, Roanoke and Hampton Roads. The company employs more than 800 people. Shriver most recently
The investment will create 29 jobs.
International olive oil manufacturer Acesur USA LLC will invest $11 million to establish its first U.S. production operation in Suffolk, creating 29 jobs, Gov. Ralph Northam announced Monday. Acesur was established in 1840 and produces, packages and markets olive oil. It exports to more than 90 countries and has established brands in the U.S. including
Mary K. Engle worked for the Federal Trade Commission for almost 19 years.
Arlington-based BBB National Programs Inc. named Mary K. Engle as its executive vice president of policy, effective Jan. 31, the organization announced Monday. The self-regulatory body of the former Council of Better Business Bureaus, BBB National Programs provides self-regulation for companies to address truth-in-advertising, child-directed marketing and data privacy without government involvement. Self-regulation in marketing
ePac Flexible Packaging invested $100 million in new HP printing platform.
Austin, Texas-based packaging manufacturer ePac Flexible Packaging will invest $6.5 million to establish a manufacturing facility in Henrico County, creating 35 jobs, Gov. Ralph Northam announced Monday. ePac Flexible Packaging was founded in 2016 and produces finished pouches and rollstock. The manufacturer invested $100 million last November in HP Indigo 20000, a commercial digital printing
The property was 85% leased at the time of sale.
An affiliate of Baltimore, Maryland-based commercial real estate firm Klein Enterprises purchased a 95,282-square-foot office complex in Loudoun County’s Sterling area for $15.375 million, commercial real estate company Avison Young, which negotiated the sale, announced Monday. The property is located at 45745 Nokes Blvd. within the Corporate Office Park at Dulles Town Center. The office