July 22 RETAIL Irvine-based clothing retailer Tilly’s Inc. rose 4.2% to $1.50 apiece for a market cap of $45 million. Earlier today Tilly’s announced a partnership with AI company Impact Analytics to streamline inventory and business intelligence. For more information on the teen retailer, see this week’s edition of the Read More
Anduril Industries has been awarded a $99.6 million U.S. Army contract for a next-generation command and control system to help guide soldiers on the battlefield. Costa Mesa-based Anduril will integrate capabilities from other technology-first companies such as Palantir, Striveworks, Govini, Instant Connect Enterprise, Research Innovations, Inc., and Microsoft, according to Read More
An economic development group in Ohio has provided Anduril Industries with a $310 million grant for its giant military weapons factory near Columbus, Ohio, adding to the $452 million promised tax breaks being provided by the Buckeye State. JobsOhio said July 9 that it is giving a 30-year grant to Read More
Printed circuit board maker TTM Technologies Inc. has acquired a 750,000-square-foot facility in Eau Claire, Wisconsin, as well as land rights for an additional future manufacturing site in Penang, Malaysia. Financial details were not released by the Santa Ana-based company (Nasdaq: TTMI).TTM said in a July 9 statement that the Read More
The unemployment rate in Orange County was 4.5% in June, up from a revised 3.6% in May and above the year-ago estimate of 4.1%, the California Employment Development Department said. That compares with an unadjusted unemployment rate of 5.7% for California and 4.4% for the nation during the same period. Read More
Palmer Luckey, the leading entrepreneur in Orange County, already has Oculus VR and rapidly expanding Anduril Industries under his belt as startup unicorns. Now he’s working with fellow President Donald Trump-supporting billionaires such as Peter Thiel and Joe Lonsdale to start a bank to aid fledgling tech companies and other Read More
Karman Space & Defense has acquired Utah-based Industrial Solid Propulsion (ISP), a specialist in military-focused technologies, for a purchase price of up to $60 million. ISP products are used in the rapidly growing drone, drone intercept and rocket system sectors to keep the aircraft flying at top speed. Huntington Beach-based Read More
Printed circuit board maker TTM Technologies Inc. said it has acquired a 750,000-square-foot facility in Eau Claire, Wisc., as well as land rights for an additional future manufacturing site in Penang, Malaysia. Financial details were not released by the Santa Ana-based company (Nasdaq: TTMI) TTM said in a statement today Read More
Ingram Micro, a tech and electronics distribution giant, said it has been hit by a ransomware cyberattack. The Irvine-based company (NYSE: INGM) on July 5 first reported the attack, which knocked out much of its network. The company said it was “working diligently to restore the affected systems.” “The outage Read More
Local business leaders’ outlook has recovered from the initial shock of President Donald Trump’s tariff threats and brewing trade wars, but it has a long way to go to regain the enthusiasm measured for the start of the year. “Markets have recovered. People are not as scared and shocked as Read More
