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Apr 11, 2024

Reston software firm boosted by $60M investment

Raft, a Reston-based software engineering firm and government contractor, has received a $60 million investment from Washington Harbour Partners, a Washington, D.C.-based private investment firm. Founded in 2018, Raft will use the funds to “intensify its research and development efforts, significantly enhancing its command[...]

Apr 4, 2024

McLean’s Iridium closes on Satelles deal

McLean-based Iridium Communications, a global satellite communications company, has completed its previously announced acquisition of Satelles, a Reston-based provider of satellite-based time and location services that assist GPS and global navigation satellite systems (GNSS), the company announced Tuesday. Iridium first announc[...]

Mar 28, 2024

Digital divide

In a relatively short time, Josh Thomas has seen the Prince William County district he represents in the Virginia House of Delegates transform from farmland and residential neighborhoods to massive buildings filled with the digital infrastructure that stores, processes and distributes huge amounts of information across the globa[...]

Mar 26, 2024

The Aerospace Corp. relocates HQ to Chantilly

The Aerospace Corp., a nonprofit government contractor that bills itself as running the nation’s only federally funded research and development center “committed to the space enterprise,” officially relocated its headquarters from El Segundo, California, to Chantilly on Thursday. The organization, which provides technical expertise in space-related science and engineering, has no plans for “significant relocation” [&hellip[...]

Boeing CEO Dave Calhoun
Mar 25, 2024

Boeing CEO Calhoun to step down by year-end

Amid ongoing bad press over production problems and fallout from a high-profile January incident in which a 4-foot wall panel blew out of a Boeing 737 Max 9 jet cabin in mid-air, Boeing announced Monday that its president and CEO, Dave Calhoun, would step down from his position leading the embattled Arlington County-based Fortun[...]

Mar 22, 2024

Rocket Lab USA launches first US mission for NRO from Wallops

California-based Rocket Lab USA successfully launched a mission for the U.S. National Reconnaissance Office on Thursday from Launch Complex 2 at NASA’s Wallops Flight Facility in Accomack County, the aerospace company announced.  The Eastern Shore mission, dubbed “Live and Let Fly,” was Rocket Lab’s first launch[...]

Mar 21, 2024

Intelsat strikes $250M deal with Eutelsat Group

McLean-based satellite services provider Intelsat has committed to secure low-Earth orbit service for six years for $250 million from Paris-based Eutelsat Group’s OneWeb low-Earth orbit (LEO) constellation service, with an option for another $250 million, Intelsat announced Tuesday. “We’ve been partnering with Eutelsat for quite some time now, leveraging its OneWeb LEO constellation to offer […][...]

Mar 19, 2024

MicroStrategy buys $623M more bitcoin in March

Tysons-based tech company MicroStrategy continues to grow its cryptocurrency collection, acquiring more than 9,200 more bitcoins in one week in March. From March 11 to March 18, MicroStrategy acquired approximately 9,245 bitcoins for approximately $623 million in cash, according to the company’s Tuesday filing with the U.S[...]

Mar 19, 2024

McLean AI health care startup raises $111M in Series A funding

McLean-based Zephyr AI has raised $111 million in a Series A funding round, the health care technology startup announced March 13. The round included participation from about 30 investors, including Revolution Growth, Eli Lilly & Co., Jeff Skoll, and Epiq Capital Group, according to a news release and a Securities and Exchan[...]

Mar 15, 2024

Torc makes interim CFO permanent

Blacksburg-based self-driving truck company Torc Robotics, a subsidiary of Daimler Truck, hired Richard Kannan as its new chief financial officer, the company announced Thursday. Kannan, who had served as interim CFO since August, will also become a member of Torc’s executive leadership team. “Richard has proven himself [...]

A banner inside Activation Capital's building in the Bio+Tech Park in Richmond. Photo by Katherine Schulte
Mar 11, 2024

Alliance for Building Better Medicine receives $1M award

The Alliance for Building Better Medicine — a group of public and private pharmaceutical manufacturers and research organizations in Richmond and Petersburg — will receive a $1 million award from the U.S. National Science Foundation. Richmond-based innovation incubator Activation Capital, which convened the alliance four yea[...]

Mar 8, 2024

Leidos receives $158M Air Force contract

Reston-based Fortune 500 contractor Leidos won a follow-on contract valued up to $158 million to develop and expand the Air Force’s Command and Control Incident Management Emergency Response Application, a government-owned software application system, the company announced Thursday.  Kessel Run, a division within the Air [...]

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