Teledyne Wins $20M F-35 Contract

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According to Teledyne, the contract--which runs for fiscal years 2019 through 2021--is with Harris Corporation.Teledyne AES said the award is to develop and deliver fiber optic quad transceiver products for the military aircraft. Teledyne Advanced Electronics Solutions (AES), a business unit of Thousand Oaks-based Teledyne , reports this morning that it has won a $20M contract related to its support of the F-35 aircraft program.

Relativity Signs Satellite Rideshare Deal

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Los Angeles-based Relativity , a developer of robotics technology and 3D manufacturing technology aimed at developing 3D printed rockets, says it has signed a launch services agreement with satellite ridesharing arranger Spaceflight. According to Relativity, it plans to have its first launch in Q3 of 2021.

Urovant Sciences Gets $100M In Debt Funding

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Irvine-based Urovant Sciences , which is developing biopharmaceuticals for treating urologic conditions, said late Friday afternoon that it has entered into a deal for up to $100M in debt financing, from Hercules Cpaital. According to the company, the new funding will go towards ongoing development of its lead compound vibegron, for business development opportunities, and for general corporate purposes.

Canoo, the electric vehicle startup formed from Faraday Future’s ashes, seeks $200 million

TechCrunch LA

To that end, Canoo has brought on James Cox, a former Uber executive in charge of product operations for the ride-hailing business’ rider application, who will be developing digital products for the company’s initial customers, according to a March statement. Initially, Canoo will target customers in Los Angeles and the Bay Area, with additional plans to expand to San Diego and Seattle when the company brings its commercial vehicles to market in 2021.

Faraday Future Gets $225M In Bridge Loan

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Los Angeles-based electric vehicle developer Faraday Future (FF) says it has received a new, $225M Senior Bridge Financing, from Birch Lake Fund Management, LP, ahead of a $1.25 According to the EV developer, the new funding will go towards supporting the completion and launch of its flagship vehicle, the FF 91 EV, as well as for development and launch of its mass market FF 81 vehicle in 2021, along with "support" of its vendor and supply chain.

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Location-based virtual reality is increasing its footprint in the U.S.

TechCrunch LA

A producer with MTV Networks, the founder of the collaborative game development platform Squarepushers Inc. Analysts for the industry tracker Canalys forecast that the industry will sell nearly 10 million units in 2021, on par with the (shrinking) console market.