SFV MANUFACTURING

Receiver Alleges Corruption in Sale of Universal City Nissan Dealership

The receiver for automotive dealership Sage Group has filed a lawsuit alleging that Japanese automaker Nissan concealed a corrupt relationship between it and an auto group that bought dealerships from Sage in Universal City and Glendale.

Santa Clarita Aerospace Manufacturer Acquires NoHo Fastener Firm

Shimtech Industries, an aerospace components manufacturer in Santa Clarita, has acquired Fastener Technology Corp., a North Hollywood supplier of specialty high-strength fasteners.

B. Riley SPAC to Merge with Alta Equipment

B. Riley Principal Merger Corp. announced Thursday it will combine with Alta Equipment Holdings Inc., a provider of industrial and construction equipment.

Capstone Names CFO

Capstone Turbine Corp. announced Friday that Frederick Hencken III has been appointed as chief financial officer.

Clean Energy Executive Joins Capstone Board

Capstone Turbine Corp. has appointed Denise Wilson to its board of directors.

Wesco's Quarter Disappoints Analysts

Wesco Aircraft Holdings Inc. missed on Wall Street expectations on adjusted earnings and revenue in what may be its final quarter as a public company.

AeroVironment Settles With State Department on Export Violations

AeroVironment Inc. will pay a $500,000 penalty after reaching a two-year settlement agreement with the U.S. State Department over alleged export violations of defense equipment, including technical data.

Private-Label Manufacturer Blue Cross Labs Acquired

Blue Cross Laboratories in Santa Clarita has been acquired by Starco Group of Santa Monica.

AeroVironment Secures $12 Million Contract with Middle Eastern Country

AeroVironment Inc. has received a $12 million contract from a Middle Eastern country to supply spare parts, repair services and logistics support for an existing fleet of Puma and Raven unmanned aircraft.

Qualstar Develops Data Storage Product With Sony

Qualstar Corp. announced Thursday it has developed a prototype enterprise class library product with Sony Imaging Products & Solutions Inc.

AeroVironment to Upgrade Drone Radio System

AeroVironment Inc. received a U.S. Army contact valued at up to $55 million to modify radio frequency communications for one of its unmanned aircraft systems.

Southest Asian Country Buys AeroVironment's Raven Drones

AeroVironment Inc. has received a contract valued at $6.4 million from a Southeast Asian military customer for additional Raven unmanned aircraft.

Layoffs as Amcor Rigid Packaging Closes Chatsworth Plant

Fifty-eight employees of Amcor Rigid Packaging USA will lose their jobs starting in December as the company closes its Chatsworth plant.

Teledyne Wins Navy Contract for Combat Submersible

A subsidiary of Teledyne Technologies Inc. received a follow-on production contract to make a manned combat vehicle for the U.S. Navy.

AeroVironment Introduces Beefed Up Version of Puma Drone

AeroVironment Inc. has introduced a new version of its Puma hand-launched drone for military customers.