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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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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
Leidos to partner with Project HOPE to aid Ukraine
CEO Roger Krone speaks with VB in exclusive interview
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As Russia began its invasion of Ukraine in February, Leidos employees took to an internal blog and emailed senior executives to demonstrate support for the Eastern European nation. CEO Roger
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‘The world is behind them’
Virginia companies aid Ukraine relief efforts
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In late March, Stanislas Vilgrain drove in a convoy of eight trucks from France to Ukraine for 26 hours through a snowstorm, keeping an ear to the radio for news
Interesting times
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History doesn’t repeat itself, but it often rhymes, according to an apt but apocryphal quote frequently misattributed to Mark Twain. We’re certainly seeing that dynamic writ large in the 2020s,
Fertilizer shortage hits Va. farmers
Russia's invasion of Ukraine rockets fertilizer prices
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Lewis Everett farms cotton, peanuts and small grains in Southampton County, on the Virginia-North Carolina line. He expects to take a loss this year due to the rising costs of
Owens & Minor donates PPE to Ukraine
Medical gear will support humanitarian relief efforts
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Mechanicsville-based Fortune 500 health care logistics company Owens & Minor announced Monday that it is donating $500,000 in medical-grade personal protective equipment to support humanitarian relief in Ukraine and other
Pain beyond the pump
Record gas price impacts being felt across Va. industries
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Ravi Patel watched as gas prices began their upward spiral and responded accordingly. To help offset fuel surcharges for deliveries, Patel, CEO of Sina Hospitality, placed larger orders for the
Va. companies aid Ukraine, pull business from Russia
Mars, Hilton and CMA CGM Group among those taking action
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McLean-based Mars Inc. and other companies with major Virginia presences are responding to the war between Russia and Ukraine, chiefly by helping employees who live in the Eastern European nation
Fed still likely to raise rates, despite Russia-Ukraine conflict
Richmond Fed president says board is keeping close eye on invasion
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Federal Reserve Bank of Richmond President and CEO Thomas Barkin said Thursday that he hopes to bring interest rates up to pre-pandemic levels “relatively quickly,” while noting that it’s hard