Air Force awards AeroVironment a $22.8 million contract for miniature missile system
Latest newsThe U.S. Air Force awarded AeroVironment a $22.8 million contract for miniature missile systems Oct. 3. First deployed by the USAF in 2011, the AeroVironment Switchblade is a small missile system that can be fit in backpacks and can provide precision strikes using a missile carried in its body. The Switchblade is fired from a Read More →
LTC Properties increases dividend to 19 cents per share
Earnings, Latest news, Real Estate, Tri-County Public CompaniesWestlake Village-based LTC Properties increased its monthly dividend on its common stock to 19 cents per share for the fourth quarter, the company announced on Oct. 3. The dividend was a 5.6 percent increase from the 18-cent dividend in the previous quarter. It is payable on Oct. 31, Nov. 30 and Dec. 30 to stockholders Read More →
PennyMac declares dividend of 47 cents per share
Earnings, Latest news, Tri-County Public CompaniesMoorpark-based PennyMac Mortgage Investment Trust declared a cash dividend of 47 cents per common share for the third quarter of 2016, which was in line with the previous quarter. This dividend will be paid on Oct. 27 to common shareholders of record as of Oct. 7. PennyMac is a mortgage real estate investment trust that Read More →
CoastHills Credit Union opens branch in Thousand Oaks
Banking & Finance, Banking Industry, East Ventura County, Latest newsLompoc-based CoastHills Credit Union recently opened its first Ventura County branch at 125 N. Moorpark Road in Thousand Oaks. The 5,000-square-foot “branch of the future” features a virtual banking experience as well as a tech bar that offers tutorials for CoastHill’s digital products. CoastHills completed a renovation of the space that was formerly home to Read More →
Amgen paying Arrowhead for traits to develop cardiovascular drugs
Health Care & Life Science, Latest newsAmgen will license two traits from a Pasadena pharmaceutical company to develop cardiovascular drugs under a partnership announced Sept. 29. Under the agreement, Thousand Oaks-based Amgen will pay Arrowhead Pharmaceuticals $35 million up front, $21.5 million in the form of an equity investment by Amgen in Arrowhead common stock, and up to $617 million in Read More →
Amgen announces positive results for migraine drug
Health Care & Life Science, Latest newsThousand Oaks-based biotech giant Amgen announced positive data from a phase 3 study of a new migraine drug co-developed with competitor Novartis. Amgen said in a news release that, after 12 weeks, Erenumab showed a significant reduction in monthly migraine days in patients with episodic migraines treated with Erenumab compared with a placebo. In the Read More →
CalAmp misses analyst estimates for second quarter
Earnings, Latest news, Tri-County Public CompaniesCalAmp fell short of revenue and earnings per share estimates for the second quarter, the company reported Sept. 29. Net income was $521,000, which was down from $3.4 million in the second quarter of 2015. CalAmp posted revenues of $90.5 million, up from revenues of $69.8 million during the same quarter in 2015 but just Read More →
