Xcor Aerospace has filed for Chapter 7 bankruptcy and will liquidate its assets after failing to line up new investors.
BAK Industries is closing its two San Fernando Valley locations resulting in the elimination of 261 employees.
Covercraft, a maker of automotive covers and protectors, plans to relocate within Valencia to the new IAC Commerce Center, according to brokerage CBRE Group Inc.
The Public Investment Fund of the Kingdom of Saudi Arabia is seeking to invest $1 billion into the space companies of billionaire Richard Branson’s Virgin Group.
The city of Los Angeles Public Works Committee has agreed to reduce water discharge permit and inspection fees for microbreweries following an appeal by craft brewery members of the Greater San Fernando Valley Chamber of Commerce.
U.S. Nuclear Corp. has started delivery this month of its portable tritium air monitors to the U.S. Air Force.
Porsche calls Disney Institute for advice on management and customer service issues.
The inventor of the original zipper has been awarded a patent for a textile technology that promises to put an end to tight shirt collars.
NASA Armstrong Flight Research Center has awarded a $16 million contract to purchase up to three engines from General Electric Co. for use on the space agency’s experimental airplane now in development.
An upgrade from Oppenheimer has pushed the stock of Capstone Turbine Corp. to its highest price in nearly a year.
Source Photonics has opened a new facility in Jintan, China for manufacturing Indium Phosphide lasers and related components.
Dole Food Co. Inc. in Westlake Village has announced another mass layoff relating to strawberries as the company continues to back out of its California berry operations.
Northrop Grumman Corp. will acquire Orbital ATK Inc. in a deal valued at $9.2 billion. With the transaction the Falls Church, Va. aerospace and defense contractor will add an additional San Fernando Valley region location to its portfolio.
Wesco Aircraft Holdings Inc. has named Kerry Shiba as its new chief financial officer effective Monday, the company announced.
Dole Food Co. cuts berry operations and swaps properties to help reduce debt.