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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 Stephen Nellis / Friday, August 3rd, 2012 / Technology, Top Stories / Comments Off on Raytheon ramps up Vision Systems work force in Goleta
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By Stephen Nellis / Friday, December 9th, 2011 / Technology, Top Stories, Tri-County Economy / Comments Off on ITT shuts T.O. facility, ATK expands in Goleta
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By Stephen Nellis / Friday, May 6th, 2011 / Top Stories, Tri-County Economy / Comments Off on Smaller firms win in defense makeover
The defense industry in the Tri-Counties is headed for its biggest shakeup in decades. Longtime players are cutting jobs while younger firms see growth as the Pentagon draws down its two foreign wars and focuses on strategic threats. Raytheon, a major Goleta employer, confirmed layoffs that will affect about 160 of its jobs in Goleta. Read More →
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