LA MANUFACTURINGRecent and archived news stories on: Aerospace, Agribusiness, Chemicals, Electronics, Energy, Fabrication, Industrial, Plastics, Textiles...
OSI Systems, the Hawthorne company with divisions that produce security scanning equipment, medical devices and optoelectronic equipment, announced today that its security division has obtained a contract worth about $10 million with an undisclosed international customer.
Twelve payloads from research institutions and private companies will be launched by Virgin Galactic’s SpaceShipTwo, which is under development in the Antelope Valley, NASA has announced.
Elon Musk’s SpaceX will unveil the Dragon V2, its first manned spaceship, Thursday night at its Hawthorne headquarters.
In a major victory for the region, Los Angeles on Wednesday was named as one of 12 metropolitan areas nationwide eligible for $1.3 billion in federal manufacturing assistance.
Apple Inc. reportedly is looking to acquire Dr. Dre’s Beats Electronics, the Santa Monica maker of premium headphones that earlier this year launched a subscription-music service.
Air Lease Corp. late Thursday said first-quarter net income jumped 53 percent as the airline demand for plane leases was on the upswing.
Occidental Petroleum Chief Executive Stephen Chazen told analysts Monday that the company’s new California spinoff will not drill in communities that oppose fracking.
Energy crop developer Ceres Inc. on Monday said that it was expanding its plant breeding development in Mexico.
Superior Industries International Inc. matched analysts’ net income estimates for the first quarter but just missed on revenue. Crown Media Holdings Inc. reported a drop in net income for the first quarter despite rising ratings and advertising rates. Molina Healthcare reported a profit for the quarter when analyst were expecting a loss.
Rentech Inc. on Thursday said that it acquired New England Wood Pellet, considered the largest producer of wood pellets for the U.S. heating market.
Capstone Turbine Corp. on Thursday announced an offering of 18.8 million shares to a single institutional investor that will raise $30.2 million.
A veteran auto industry executive has been named the new chief executive of aluminum wheel manufacturer Superior Industries International Inc.
Pritzker Group Private Capital has acquired custom packaging company Technimark.
West Los Angeles private equity firm Gores Group announced Tuesday that it had finalized a joint venture with British food manufacturer Premier Foods to control Hovis, Premier’s branded line of bread and flour.
The Antelope Valley Transit Authority will take delivery in the next few weeks of the first two electric buses made by Chinese manufacturer BYD Motors Inc. at its assembly plant in Lancaster.