Author: Kevin Costelloe

The OC figure for March is lower than the unadjusted unemployment rate of 5.3% for California and 4.2% for the nation during the same period. Between February and March total non-farm employment in Orange County fell to 1.68 million, for a loss of 600 jobs. Construction and trade, transportation, and Read More

Defense company Anduril Industries has introduced Seabed Sentry, a mobile sensor network for monitoring military and commercial deep-sea activity amid tensions with Russia and China. Separately, the company is making a new torpedo line called Copperhead, named after the venomous snake, that can be launched by underwater drones. The two Read More

Karman Space and Defense said today that FY 2024 revenue grew 23% to $345 million year over year while annual net income rose  to $12.7 million. It was the first earnings statement since the company (NYSE: KRMN) went public in February. For the full fiscal year 2025, the company said Read More

Irvine-based Shimmick Corp. (Nasdaq: SHIM), a builder of large water infrastructure projects, has named Todd Yoder  executive vice president and chief financial officer,  effective April 14. Prior to joining Shimmick, Yoder served as executive vice president and CFO at Shikun & Binui America, Inc. and Shikun & Binui Concessions USA. Amanda Read More

Flying attack drones seem to be everywhere these days, striking the Middle East and the battlefields of Ukraine. Dronebusters, made by Dzyne Technologies of Irvine, introduces a portable way to stop the airborne weapons. The company’s newest product looks similar to a boxy gun and is equipped with a radio Read More

Terran Orbital Corp., a troubled maker of small satellites recently acquired by its largest shareholder, has moved its headquarters to Irvine from Florida, installed a new leadership team and is moving full speed ahead on making more than 100 spacecraft for the U.S. military’s Space Development Agency (SDA). “We’re excited Read More

Supernal, the flying taxi branch of Hyundai Motor Group, has formed an operational partnership with a Texas helicopter services company as it aims for the 2028 launch of its electric-powered vertical takeoff and landing aircraft. Supernal made the agreement with Irving-based CHC Helicopter and its Heli-One subsidiary, a provider of helicopter Read More

Guita Sharifi has a message for Gov. Gavin Newsom: “Come and visit one of our charter schools.” Sharifi, the CFO of charter school management company Lifelong Learning Administration, won a Lifetime Achievement Award from the Business Journal almost a year ago. She would like Newsom to “tell us why he Read More