Kongsberg Defence & Aerospace Inc., a global provider of defense and aerospace systems, will invest $71 million to establish a 150,000-square-foot facility in James City County near Williamsburg. The company will invest an additional $30 million in other costs. Virginia successfully competed with two other states for the project, which will create 180+ new jobs, according to the governor. Va. officials pointed to a recent European trade mission as vital to the deal.

Optimum Technologies LLC, which provides space flight hardware design, manufacturing, integration and test, and other space mission systems services and program management, will invest $999,000 to expand its Loudoun County Satellite Manufacturing Facility. The expansion will create 40 new jobs.

Sentara Health, Virginia's largest integrated health system and one of the state’s largest private employers, has been recognized by Forbes as one of America’s Best-In-State Employers in 2024, according to a news release.

The expansion will support Canon’s new initiative to scale a unique method of isolating natural silk protein to create a solution with applications for multiple industries. Canon Virginia, which has been in Newport News for 40 years, will retrain 30 employees to staff the new line.

Electra.aero, Inc. (Electra), which is headquartered at Manassas Airport, reports the appointment of B. Marc Allen as its new Chief Executive Officer. Allen joins Electra after a distinguished career at The Boeing Company, where he most recently served as Chief Strategy Officer and Senior Vice President for Strategy and Corporate Development.

The new facility in Wytheville will be a distribution center for bottles along with American food that is loaded in containers and sent to US military bases around the globe with help from the Port of Virginia.

Desi Fresh Foods, a New York-based manufacturer of Indian-style spoonable and drinkable yogurt products that are distributed nationwide to retailers and food service customers, is expanding its operations to the Winchester area of Virginia, bringing news jobs and investments./

U.K.-based RBW Sports & Classics will produce its first left-hand drive sports cars for U.S. market in Danville-Pittsylvania County