AeroVironment shares take off after $405M drone deal announced
Shares of Simi Valley-based drone company AeroVironment shot up more than 25% on Jan. 14, the day after the company announced a $405 million acquisition of a privately held military drone provider. AeroVironment is acquiring Arcturus UAV, a major provider of Group 2 and 3 unmanned aircraft systems to the U.S. military, for $405 million. Read More →
Read More →Second round of PPP loans headed to Tri-Counties
Another round of the federal Paycheck Protection Program opened Jan. 11, and the region’s bankers expect the money to help a lot of small businesses that have been struggling through the pandemic and pandemic-related restrictions. “We understand the urgency and the difficulty the business community is experiencing,” said George Leis, president of Montecito Bank & Read More →
Read More →Limoneira’s losses mount as pandemic depresses citrus sales
Santa Paula-based agribusiness Limoneira saw its losses increase and its revenue drop in the fourth quarter of its most recent fiscal year, as low wholesale prices and declining sales during the pandemic took their toll. Limoneira released its results Jan. 11 for the quarter and fiscal year ended Oct. 31, revealing a loss of 42 Read More →
Read More →How the region’s publicly traded companies stack up when it comes to women on the board
The Pacific Coast Business Times investigated the gender breakdown of the boards of all 22 companies based in the tri-county region and traded on a major stock exchange. All 22 meet the current requirement for one or more women on the board, but only 11 meet the stricter requirements that will take effect next year.
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Region’s companies meet state mandate for women on corporate boards
Every publicly traded company in the tri-county region has at least one woman on its board of directors, but only half of the 22 companies have enough women directors to meet a state law that takes effect at the start of 2022.
Read More →Flir’s Goleta infrared operation a big target of $8B Teledyne acquisition
For more than a decade, Teledyne Technologies has been attempting to get into the uncooled infrared market. With its acquisition of Flir Systems, announced Jan. 4, the multinational conglomerate based in Thousand Oaks might finally have the perfect opportunity to enter the commercial infrared space with a splash. Teledyne plans to spend approximately $8 billion Read More →
Read More →Teledyne to buy Flir in $8B deal
Teledyne Technologies, a multinational conglomerate based in Thousand Oaks, will spend around $8 billion in cash and stock to buy Flir Systems, a thermal imaging company with a manufacturing and research and development facility in Goleta. The deal was announced early in the morning on Jan. 4, and has been approved by the boards of Read More →
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