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Infrared pioneers return with $20M in funding

By   /  Friday, December 21st, 2012  /  Technology, Top Stories  /  Comments Off on Infrared pioneers return with $20M in funding

[Editor’s note, Dec. 24, 2012: The story originally contained multiple inaccuracies about the history of the infrared sensor industry in the Tri-Counties. A corrected version has been posted below.] A pair of entrepreneurs who built up and then sold Goleta-based Indigo Systems to Flir Systems are back in action with $20 million in fresh capital Read More →

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Drones hovering over Ventura County could be key to tech future

By   /  Friday, August 31st, 2012  /  Columns, Opinion  /  1 Comment

The spinoff possibilities for scientists from Ventura County the region’s universities are enormous.

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Region’s defense firms brace for $113M in cuts

By   /  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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Raytheon ramps up Vision Systems work force in Goleta

By   /  Friday, August 3rd, 2012  /  Technology, Top Stories  /  Comments Off on Raytheon ramps up Vision Systems work force in Goleta

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ITT shuts T.O. facility, ATK expands in Goleta

By   /  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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Space group took $16M in public funds

By   /  Friday, June 10th, 2011  /  Technology, Top Stories, Tri-County Economy  /  Comments Off on Space group took $16M in public funds

The recently dissolved California Space Authority used millions of dollars in federal earmarks and grants.

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Smaller firms win in defense makeover

By   /  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 →