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RTX subsidiary wins $1.1B Navy contract modification
Raytheon has received a $1.1 billion contract modification from the U.S. Navy to manufacture additional AIM-9X missiles.
BAE Systems lands $1.2B contract for missile-tracking satellite cluster
BAE Systems Inc.’s Space and Mission Systems business has won a $1.2 billion U.S. Space Force contract.
Tysons AI startup raises $10M in seed funding
Tysons startup pWin.ai, which developed an AI proposal writing tool, has raised $10 million in a seed funding round.
RTX subsidiary wins $536M Navy contract
Raytheon has won a $536 million U.S. Navy contract for the SPY-6 family of radars.
CACI wins $638M in intelligence contracts
CACI International announced last week that it was awarded nearly $638 million in intelligence community contracts.
Antitrust lawsuit against General Dynamics, HII revived in appeals court
Two former naval engineers who claimed that General Dynamics, Huntington Ingalls Industries and more than a dozen other government contractors and shipbuilders illegally agreed to not poach each other's employees will receive a rehearing, a federal appeals court panel ruled this month.
Leidos acquires Chantilly AI tech biz for $300M
Reston-based federal contractor Leidos announced Wednesday it has acquired Kudu Dynamics, a business based in Chantilly that builds AI-powered cybersecurity tools for defense customers, for $300 million.
Serco completes $327M acquisition of NG division
Herndon tech and management contractor Serco announced Tuesday that it has completed its $327 million acquisition of Northrop Grumman’s mission training and satellite ground network communications software business, also known as MT&S.
RTX subsidiary secures $580M Navy contract
Raytheon, a subsidiary of Arlington County-based Fortune 500 aerospace and defense contractor RTX, has received a $580.58 million U.S. Navy contract, the Defense Department announced May 15.
DHS says it is canceling $2.4B Leidos contract
According to a court filing last week, the U.S. Department of Homeland Security has terminated a $2.4 billion IT and cybersecurity contract awarded to Reston-based federal contractor Leidos last year.
Leesburg firm lays off 155 after Navy cancels $170M contract
Leesburg-based data company Pantheon Data this week laid off 155 workers — including 33 Virginia employees — after the U.S. Navy canceled its $170 million service contract with the company on May 12.
Virginia could lose 32,000 jobs in 2025, U.Va. estimates
Virginia may lose 32,000 jobs in 2025 amid federal cuts and rising unemployment, according to a new forecast by the University of Virginia’s Weldon Cooper Center for Public Service.
