Orange County Business Journal

Hannah Mitchell is managing editor. She can be reached at

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ADDENDUM--Week of April 14, 2014

Boeing Co. is adding about 1,000 engineering positions in Seal Beach and Long Beach in the next two years as part of a companywide consolidation plan to meet the global demand for new aircraft production and related support. The hires are part of an effort to centralize its commercial airline support program at the Boeing Commercial Airplanes Engineering Design Center that stretches across the two coastal cities. Some of the positions will be moved from the Seattle area, and some will be filled by Boeing employees who stand to be affected by the upcoming closure of the C-17 program in Long Beach. There also will be some new hires, including recent college graduates, according to Boeing.


Foothill Ranch-based Oakley Inc. is now the official eyewear sponsor of Little League Baseball and Little League Softball. Terms of the sponsorship were undisclosed, but similar partnerships have helped “maintain low team affiliation fees and provide valuable training, educational resources and expertise,” the company said.

ADDENDUM -- Week of March 31

The Defense Advanced Research Projects Agency in Arlington, Va., awarded Boeing Co.’s operations in Huntington Beach a $30.7 million contract to support development of a system to use aircraft for satellite launches at a cost savings compared to rocket-fueled launches.

ADDENDUM - March 24

Irvine-based Motorcycle Industry Council hired Erik Pritchard as its general counsel. The appointment was effective immediately and fills a spot left open by the departure of Paul Vitrano, who recently joined snowmobile and ATV maker Polaris Industries as vice president for global government relations.


Min Kun Kim, who most recently served as chief executive coordinator at Kia Motors America Inc.’s headquarters in Irvine, was promoted to president and chief executive of Kia Canada Inc.


Banc of California in Irvine acquired RenovationReady in Greenwood Village, Colo. on undisclosed terms. RenovationReady provides home-renovation lending services. Its president and co-founder, Jim Fraser, will join the bank as senior vice president and director of construction and renovation lending.


Chase Bank is laying off 168 employees from its mortgage operations in Irvine by early March.


A bankruptcy judge approved Wanxiang America Corp.’s $149.2 million bid for the sale of Costa Mesa-based Fisker Automotive Inc. The offer by Wanxiang, part of China-based auto parts company Wanxiang Group Corp., beat Fisker’s senior secured lender, Hybrid Tech Holdings LLC, in the auction. Hybrid Tech is affiliated with Hong Kong billionaire Richard Li.

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