AeroVironment shares take off after $405M drone deal announced
Shares of Simi Valley-based drone company AeroVironment shot up more than 25% on Jan. 14, the day after the company announced a $405 million acquisition of a privately held military drone provider. AeroVironment is acquiring Arcturus UAV, a major provider of Group 2 and 3 unmanned aircraft systems to the U.S. military, for $405 million. Read More →
Our View: Mike Garcia should step up, or step down
Take the high road. That is our advice to U.S. Rep Mike Garcia, R-Santa Clarita, who owes his constituents in Ventura County and elsewhere a better answer than he has given for his decision to vote for overturning November’s election results even after the Capitol was invaded by rioters. Garcia won re-election in November by Read More →
Allegiant to add Portland-Santa Maria flights
Allegiant Air will start flying between Santa Maria Airport and Portland, Oregon on April 15, the discount airline announced Jan. 12. Portland International is a new airport for Allegiant, which already offers direct flights from Santa Maria to Phoenix and Las Vegas. The Santa Maria-Portland flight was one of 21 new routes the airline unveiled Read More →
AppFolio building in Goleta sold
The three-building complex in Goleta that holds the AppFolio headquarters was sold, the commercial real estate firm CBRE announced Jan. 12. The 165,905-square-foot campus at 50-90 Castilian Drive was sold to Shopoff Realty Investments and Praelium Commercial Real Estate for an undisclosed amount, CBRE said. CBRE’s Sean Sullivan, Mike Longo, Todd Tydlaska and Will Pike Read More →
Second round of PPP loans headed to Tri-Counties
Another round of the federal Paycheck Protection Program opened Jan. 11, and the region’s bankers expect the money to help a lot of small businesses that have been struggling through the pandemic and pandemic-related restrictions. “We understand the urgency and the difficulty the business community is experiencing,” said George Leis, president of Montecito Bank & Read More →
Limoneira’s losses mount as pandemic depresses citrus sales
Santa Paula-based agribusiness Limoneira saw its losses increase and its revenue drop in the fourth quarter of its most recent fiscal year, as low wholesale prices and declining sales during the pandemic took their toll. Limoneira released its results Jan. 11 for the quarter and fiscal year ended Oct. 31, revealing a loss of 42 Read More →
How the region’s publicly traded companies stack up when it comes to women on the board
The Pacific Coast Business Times investigated the gender breakdown of the boards of all 22 companies based in the tri-county region and traded on a major stock exchange. All 22 meet the current requirement for one or more women on the board, but only 11 meet the stricter requirements that will take effect next year.
