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Arlington defense tech firm reaches unicorn status
Govini, an Arlington County defense tech contractor, has joined the unicorn ranks with a $1.25 billion valuation.
HEARD AROUND VIRGINIA: December 2025
McLean government tech contractor BigBear.ai announced in early November it has entered into a definitive agreement to acquire Warren County startup Ask Sage for $250 million. Ask Sage is a fast-growing, secure generative artificial intelligence platform tailored for defense and national security. BigBear.ai expects the acquisition to close in the late fourth quarter of 2025 […]
Raytheon joint venture wins $1.25B Israeli Iron Dome contract
Raytheon-Rafael Protection Systems has been awarded a $1.25 billion contract to supply Israel with Tamir surface-to-air missiles.
Scale AI to open Crystal City office in December
Scale AI will relocate from Washington, D.C., to Crystal City, opening a 22,000-square-foot office as part of a national expansion.
Touhill leaving Arlington Economic Development
Arlington Economic Development Director Ryan Touhill is leaving AED, the Arlington Chamber of Commerce confirmed Thursday.
Leonardo DRS CEO to retire; successor named
William J. "Bill" Lynn III will retire as chairman and CEO of Arlington defense contractor Leonardo DRS at the end of the year, with Chief Operating Officer John Baylouny named as his successor.
Raytheon wins $5B Army contract
The U.S. Army has awarded Raytheon, a subsidiary of RTX, a roughly $5 billion contract to supply its Coyote Missile System.
Federal job cuts ripple through Northern Virginia
Trump’s federal job cuts are hitting Northern Virginia hard, with layoffs, stalled contracts, rising unemployment and a softening housing market.
Arlington drone software firm raises $130M in Series B funding
Auterion, an Arlington-based provider of drone software, announced it has raised $130 million in a Series B funding round.
RTX subsidiary lands $578.6M Army contract
Raytheon has been awarded a $578.63 million U.S. Army contract to procure Stinger missiles, ancillary equipment and related support.
Redhorse taps new CEO
Arlington County-based federal contractor Redhorse announced this week that it is promoting President Noah Klemm to CEO.
Reagan airport concession operator to lay off 55
Magic Pan, Say Si Bon and U Street Pub will close at Reagan National Airport, resulting in 55 jobs lost.
