Orange County Business Journal


Recent and archived news stories on: Aerospace, Agribusiness, Chemicals, Electronics, Energy, Fabrication, Industrial, Plastics, Textiles...

$97M Army Contract to Irvine Manufacturer

A manufacturer in Irvine has won a nearly $97 million contract to supply weapon components to the U.S. Army.

By Chris Casacchia August 22, 2016 midnight   $$ Share
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Port of Long Beach Gets Interim Chief

The Board of Harbor Commissioners appointed Duane Kenagy interim chief executive at the Port of Long Beach to replace Jon Slangerup, who is leaving Oct. 28 to become chief executive of an aviation technology company in Canada.

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Microsemi’s Peterson to Chapman Board

Chapman University said Microsemi Corp. Chairman and Chief Executive James Peterson has been elected to its Board of Trustees.

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Greenwave Buys Predixion

Irvine-based smart technology provider Greenwave Systems Inc. bought Predixion Software in Aliso Viejo on undisclosed terms.

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Abbott Optics Unit to J&J for $4.3B

Johnson & Johnson in New Brunswick, N.J. will buy Abbott Medical Optics in Santa Ana for $4.3 billion in cash. The deal is expected to close early next year.

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Aerie to Offer $125M in Stock

Aerie Pharmaceuticals Inc. plans to offer $125 million in stock next week.

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Mapping Software Maker Draws $36M

Irvine-based Digital Map Products, a provider of cloud-based spatial technology, has secured more than $36 million in funding, the company said today.

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Allergan Buys Derma Firm for $639M

Allergan Plc will buy Vitae Pharmaceuticals Inc. for about $639 million.

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Ex-Blizzard Exec in Irvine Startup

Former Blizzard Entertainment Inc. Creative Director Rob Pardo has started a gaming studio in Irvine that aims to build the types of interactive worlds that made his former company a pioneer in the industry.

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KKR Puts $66M in AcuFocus

AcuFocus Inc. in Irvine received $66 million in a funding round led by KKR & Co. LLP in New York.

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Karma Sticker: $130K

Karma Automotive LLC in Costa Mesa set the price for its Revero sports car at $130,000 but it was unclear when the car would be delivered to the 80 buyers who’ve placed initial orders.

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Port of Long Beach Chief to Resign

Port of Long Beach Chief Executive Jon Slangerup will resign Oct. 28 after leading the nation’s second largest port for about two years.

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JD Power Sale Complete

The $1.1 billion sale of J.D. Power and Associates, a Costa Mesa-based unit of McGraw Hill Financial Inc., to XIO Group in London is complete, the consumer data and analytics firm said today.

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Netlist in $15M Offering

Netlist Inc. will sell $15 million in common stock, the Irvine-based storage equipment maker said today.

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Smith Micro Gets $4M

Aliso Viejo-based Smith Micro Software announced today that it’s raised $4M in funding from Unterberg Koller Capital Fund L.P. in New York, along with William Smith, the company’s founder and chief executive.

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Rox Medical Raises $40M

Rox Medical in San Clemente got $40 million in Series E financing led by Novartis Venture Fund and Apple Tree Partners, with participation by Versant Ventures and Domain Associates.