Vandenberg missile launch tests tri-county region’s engineering
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Lockheed Martin reports strong fourth quarter earnings
Defense and technology giant Lockheed Martin, which has operations in Goleta, reported earnings of $3.25 per share for the fourth quarter of 2016, bringing it up to $12.38 per share for the year. Sales grew from $11.8 billion in the final quarter of 2015 to $13.8 billion, the company reported Jan. 24, with net earnings Read More →
Teledyne gets contract for underwater vehicles that remove explosives
A subsidiary of Thousand Oaks industrial conglomerate Teledyne Technologies secured a multi-million dollar contract with the U.S. Department of Defense to deploy underwater vehicles to disable and remove explosives, the company announced Jan. 3. The amount of the contract was not disclosed. Teledyne SeaBotix, a manufacturer of underwater observation class remotely-operated vehicles, will deliver 60 Read More →
Election results boost tech, defense stocks
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Teledyne revenues dip as profits, outlook rise
Though Thousand Oaks-based conglomerate Teledyne missed its revenue mark for the second quarter, profits jumped 30 percent compared to a year prior, beating analysts estimates. The company also boosted its full-year profit outlook.
