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German electronics manufacturer to add 100 Va. jobs
Zollner Elektronik AG to invest $18 million in expansion
Germany-based Zollner Elektronik AG will invest $18 million to expand in Virginia, including boosts to its electronics manufacturing operations in Danville as well at the company’s U.S. headquarters in Leesburg,
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Layne, Perry named to TowneBank corporate board
Two execs to also serve on regional boards
Published
Suffolk-based TowneBank has named Aubrey L. Layne Jr., executive vice president of governance and external affairs for Sentara Healthcare, and Suburban Capital founder and CEO Christopher Perry to its corporate
Cvent to be acquired in $4.6B deal
Tysons-based meeting and events tech company will go private again
Published
Tysons-based meetings and events software company Cvent Holding Corp. has agreed to be acquired by New York-based private equity firm Blackstone in a deal valued at about $4.6 billion, the
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DXC rejects buyout proposal from Asian firm
Ashburn tech company was approached in September
Published
Ashburn-based Fortune 500 company DXC Technology Inc. has ended buyout talks after a “financial sponsor” failed to raise enough capital, the company announced Monday. DXC was approached in late September
December 2022 Top Five
Most-read daily news stories on VirginiaBusiness.com from Oct. 14 to Nov. 14
Published
The top five most-read daily news stories on VirginiaBusiness.com from Oct. 14 to Nov. 14 included an announcement of the acquisition of Charlottesville-based WillowTree Inc., which was founded in
Metro opens $3B Silver Line extension
After 8 years, rail line reaches Loudoun County
Published
As a cold rain fell around noon Tuesday, leaders from Northern Virginia, Washington, D.C., and the Washington Metropolitan Area Transit Authority cut the ribbon on the $3 billion second phase
FyberX to invest $17.5M in Mecklenburg HQ
Agriculture company to create 45 jobs
Published
FyberX Holdings, a regenerative agriculture company, will invest $17.5 million to establish its U.S. headquarters and production operations in Mecklenburg County, creating 45 jobs, Gov. Glenn Youngkin announced Wednesday. The
Raytheon wins $985M Air Force hypersonic missile contract
Next step in hypersonic arms race
Published
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
Norfolk high rise sells for $27.5 million
Built in 1964, The Lafayette has 168 units
Published
The Lafayette, an apartment tower in Norfolk, has sold for $27.5 million, according to Norfolk public records. Philadelphia-based PRG Real Estate Management Inc. purchased the property from Graycliff Capital Partners
HII receives $826M defense contract
Work includes technology services, analytics support
Published
Newport News-based Huntington Ingalls Industries will provide technology and other support to the Department of Defense under a $826 million contract. According to a news release, HII’s McLean-based mission technologies