Some Orange County publicly traded companies warned about the negative effects of President Donald Trump’s tariffs while a long-time defense contractor shrugged them off, citing its manufacturing prowess in the U.S. That was only a sample of the news that Orange County’s publicly listed companies revealed last week as EV Read More
Orange County-based aerospace firms Terran Orbital Corp. and Turion Space are among a dozen companies selected by the U.S. Space Force to compete for spacecraft contracts under a $237 million program. Officials at Space Force, created in 2019, said May 1 they plan to make use of commercially developed spacecraft Read More
Synoptek, a systems integrator and managed services provider, said that Tim Britt will step down from his role as chief executive officer after 24 years of leadership. Salil Godika, previously CEO of Synoptek India, has been appointed as the new chief executive officer, effective immediately. Britt will transition to executive chairman Read More
Irvine-based chipmaker Skyworks Solutions Inc. said second fiscal quarter revenue was $953 million, slightly above analysts’ estimates. The shares rose 2.8% to $68.76 apiece in after-hours trading. The company said that for the current quarter it anticipates revenue of $920 million to $960 million, with adjusted diluted earnings per share holding steady at Read More
Digital ad company Viant Technology in Irvine said first-quarter revenue rose to $70.6 million, well above analysts’ estimates, sending the shares up 7.2% in after-hours trading. “With unique exposure to secular tailwinds and differentiated technology, we believe Viant is well positioned to outperform the broader advertising industry,” CEO Tim Vanderhook Read More
The Orange County economy is headed for slower job growth and higher unemployment while the much-debated U.S. tariffs on imports are here to stay, according to economists at California State University, Fullerton. The researchers, Anil Puri and Mira Farka, ruled out a U.S. recession in the near future though they Read More
Farrah Khan, the former mayor of Irvine, has taken a senior vice president position with Quantum eMotion Corp., a Canadian-based company that recently opened its American subsidiary here to break into the highly competitive cybersecurity sector. The company’s technology is designed to protect customers against classic computer intrusions and the Read More
Catherine Jooyan, who is U.S. Bank’s lending chief for Small Business Association loans in California, says she’s looking for a strong year in Orange County. The bank’s SBA division last year arranged $20.4 million in OC loans for the fiscal year ended Sept. 30, a slightly less 2023. That put Read More
The number of Small Business Administration (SBA) loans surged last year in Orange County, though the total dollar value dropped. SBA lending is supported by the federal government, allowing financial institutions to provide business loans with more favorable terms or more flexible underwriting criteria than conventional loans. The 15 Small Read More
Irvine-based small-satellite maker Terran Orbital Corp. said it has been selected by the U.S. Space Force as one of 12 companies awarded a position on the Space Test Experiments Platform contract. “This 10-year, $237 million indefinite delivery/indefinite quantity contract, administered by Space Systems Command, supports the Department of Defense’s broader Read More
