General Dynamics will construct two Columbia-class intercontinental ballistic missile submarines for the U.S. Navy, seen here in a rendering. Photo courtesy General Dynamics Corp.
In spite of the global pandemic that shuttered many smaller businesses, Virginia’s largest companies still inked major deals and scored contracts worth billions of dollars in 2020.
In July 2020, Dominion Energy Inc. canceled its planned $8 billion Atlantic Coast Pipeline and sold its gas transmission and storage business to Berkshire Hathaway Inc. for almost $10 billion. Having completed a 12-megawatt offshore wind pilot project last year, the company submitted its plans in December for a $7.8 billion, 2,640-megawatt wind farm off the coast of Virginia Beach. Construction is underway on a $500 million vessel to assemble the farm’s wind turbines.
Reston-based Leidos Holdings Inc. announced in May 2020 the completion of its acquisition of Massachusetts- and England-based L3Harris Technologies’ security detection and automation businesses for approximately $1 billion in cash. This January, Leidos also completed its $215 million acquisition of Reston-based information technology services company 1901 Group LLC.
