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Electra launches defense business unit
Manassas-based aviation startup Electra.aero on Wednesday announced that it has launched a new defense business unit.
Sterling drone startup joins unicorn ranks
Heven AeroTech, a Sterling-based developer of hydrogen-powered UAS, has reached unicorn status with a $100 million Series B funding raise.
TTR Sotheby’s reshapes executive team
TTR Sotheby’s International Realty names a new CEO and president and COO as longtime leader Mark Lowham becomes chairman.
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.
Chantilly’s VTG makes sixth acquisition of 2025
VTG announced Tuesday that it has acquired Fairfax-based technology firm Miklos Systems, its sixth acquisition this year.
Amazon to invest $50B to expand federal AI, computing capacity
Amazon plans to invest up to $50 billion to expand artificial intelligence and supercomputing capacity for its U.S. government cloud customers.
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.
BAE Systems promotes VP to chief global supply chain officer
BAE Systems announced that it has named Brad Pelachyk as its senior vice president and chief global supply chain officer, effective Dec. 20.
Penzance breaks ground on new AWS data center in Chantilly
Penzance has begun building a 45MW data center in Chantilly that will be fully leased and operated by AWS, with completion expected in 2027.
General Dynamics subsidiary wins $2.3B Columbia-class subs award
A subsidiary of Reston-based General Dynamics has been awarded a $2.28 billion contract modification from the U.S. Navy.
SAIC wins $1.4B task order to speed warfighting tech development
SAIC secured a $1.4 billion COBRA task order from the U.S. Department of Defense to help fast-track warfighting technologies
FDIC files counterclaim against Capital One in special assessment case
This week the Federal Deposit Insurance Corp. filed a counterclaim against McLean-based bank Capital One, National Association, which is suing the FDIC for its 2023 special assessment of $474 million against the bank.
