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By Henry Dubroff / Friday, March 1st, 2013 / Columns, Opinion / Comments Off on Ventura County business groups step forward in bid for drone testing
Ventura County will likely be the official applicant in a nationwide competition that’s expected to be very stiff.
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By Henry Dubroff / Friday, March 1st, 2013 / Latest news, Tri-County Economy / Comments Off on Powell urges sequester compromise at speech in SB
Saying that “you couldn’t run a 7-11 the way we are running the country,” former Secretary of State Colin Powell urged the White House and Congress to work together to end the budget cuts set to kick in at midnight on March 1. Speaking at Westmont College’s annual President’s Breakfast in Santa Barbara on Friday Read More →
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By Alex Kacik / Friday, March 1st, 2013 / Top Stories, Tri-County Economy / Comments Off on Defense leaders: Sequestration would be felt throughout region
Potential furloughs, hiring freezes and other spending cutbacks to the region’s defense institutions could send an economic ripple effect through the Tri-Counties, according to economists and industry leaders. The 2011 Budget Control Act aims to reduce the government’s deficit and will trigger $85 billion budget-wide spending cuts on March 1. The federal spending cuts, also Read More →
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By Stephen Nellis / Friday, February 1st, 2013 / Banking & Finance, Earnings, Technology, Top Stories, Tri-County Public Companies / Comments Off on Teledyne tops $2B as commercial play pays off
The cloud and the ocean have helped push Teledyne Technologies past the $2 billion mark. The Thousand Oaks-based industrial and defense conglomerate said Jan. 24 that its 2012 sales hit a record-busting $2.1 billion, up more than 9 percent from $1.9 billion a year before. Net income also set a record at $161.8 million, compared Read More →
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By Stephen Nellis / Friday, August 31st, 2012 / Technology, Top Stories, Tri-County Economy / Comments Off on Region’s defense firms brace for $113M in cuts
If a $55 billion cut to the U.S. defense budget takes effect on Jan. 2 as planned, small and mid-sized military contractors in the Tri-Counties stand to be hit the hardest by a $113 million reduction in the $1.2 billion that currently goes to defense spending in the region. The military cuts are part of Read More →
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By Staff Report / Tuesday, April 3rd, 2012 / Banking & Finance, Latest news, Technology, Tri-County Public Companies / Comments Off on Teledyne increases stake in Optech
Military-industrial conglomerate Teledyne Technologies said April 3 that its Dalsa subsidiary has increased its ownership stake in the parent company of Optech from 19 percent to 51 percent. Terms of the deal were not disclosed. Optech is a Canadian maker of laser-based survey and digital imaging equipment. Thousand Oaks-based Teledyne has been moving away from Read More →
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By Henry Dubroff / Friday, March 2nd, 2012 / Latest news / Comments Off on Gates: ‘Compromise has become a dirty word’
[EDITOR’s NOTE: This story was updated at 1:50 p.m. on March 2, 2012] Former Defense Secretary Robert Gates delivered a ringing endorsement to California’s citizen-led redistricting effort, saying in a March 2 speech in Santa Barbara that extreme forces on the political left and right must learn to compromise if America is going to get Read More →
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