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BlackRock consortium to purchase AES for $10.7B
Arlington power company AES is set to be purchased by a BlackRock-led consortium and go private by early 2027.
Northern Virginia focuses on strengths amid federal cuts
Northern Virginia's economy adapts to federal job cuts in 2025 by expanding defense tech, aerospace, AI, and data centers across Alexandria, Arlington, Fairfax, Loudoun, and Prince William.
2026 Virginia Power 50 List: CHRISTOPHER T. CALIO
PRESIDENT, CEO AND CHAIRMAN RTX ARLINGTON COUNTY
Emerald AI raises $22.7M, new SEC filing reports
Emerald AI has raised about $22.7 million in new funding, according to a Feb. 20 filing with the Securities and Exchange Commission.
AeroVironment wins $186M Army order
AeroVironment on Thursday announced that it has received a $186 million order from the U.S. Army for advanced attack drone systems.
GRVTY to invest $8M in Tysons HQ, creating 200 jobs
Arlington County-based defense technology company GRVTY plans to invest $8 million to open a new headquarters in Tysons and hire 200 workers
Boeing wins $2.8B contract to upgrade South Korea fleet
Boeing has been awarded an up to $2.8 billion contract to provide upgrades to the Republic of Korea’s F-15 Slam Eagle fleet.
RTX subsidiary wins $1B Army contract
The Army has awarded Raytheon a $1.025 billion contract modification to support production of the Lower Tier Air and Missile Defense Sensor.
Danville’s River District Association has new leader
Tina Leone has been named executive director of Danville’s River District Association, succeeding Diana Schwartz.
Amazon axes 16,000 jobs as it pushes AI and efficiency
Amazon confirmed 16,000 corporate job cuts, bringing total layoffs to 30,000, as CEO Andy Jassy pushes to reduce bureaucracy.
Developer unveils mixed-use project at Arlington’s former Key Bridge Marriott site
Quadrangle Development unveiled plans to develop a 1,775-unit residential project with a hotel on a 5.5-acre property in Rosslyn.
