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 →
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 →
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 →
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 →
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 →
With Port Hueneme and Point Mugu providing both national security and an economic benefit to the people of Ventura County, I plan to fight to ensure these bases are kept open.
By Stephen Nellis / Friday, February 3rd, 2012 / Features, Technology / Comments Off on Blast into the future: Quintron to upgrade liftoff sound system
Quintron Systems is installing a new voice system for launches at White Sands Missile Range in New Mexico.
