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 →
Allegiant to add Portland-Santa Maria flights
Allegiant Air will start flying between Santa Maria Airport and Portland, Oregon on April 15, the discount airline announced Jan. 12. Portland International is a new airport for Allegiant, which already offers direct flights from Santa Maria to Phoenix and Las Vegas. The Santa Maria-Portland flight was one of 21 new routes the airline unveiled Read More →
AppFolio building in Goleta sold
The three-building complex in Goleta that holds the AppFolio headquarters was sold, the commercial real estate firm CBRE announced Jan. 12. The 165,905-square-foot campus at 50-90 Castilian Drive was sold to Shopoff Realty Investments and Praelium Commercial Real Estate for an undisclosed amount, CBRE said. CBRE’s Sean Sullivan, Mike Longo, Todd Tydlaska and Will Pike 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 →
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 →
Dignity Health restructures, names new division chief
Dignity Health Central Coast, the biggest hospital network in the tri-county region, is becoming CommonSpirit Health—and much about the hospital chain is changing, starting at the top. On Dec. 30, Dignity Health Central Coast CEO and President Chuck Cova announced his retirement. As he steps down, the nonprofit hospital chain is restructuring by expanding the 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 →
