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Faraday Future Delays Quarterly Filings After Short Seller Report

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In an inauspicious start as a public company, Los Angeles-based electric vehicle developer Faraday Future says it is delaying its filing of its quarterly reports for the quarter ended September 30th, 2021, due to allegations of "inaccurate disclosures".

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Romeo Power Reports Win With PACCAR

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Los Angeles-based battery developer Romeo Power reports that it has scored a win with PACCAR, a manufacturer of high-quality light-, medium- and heavy-duty trucks under the Kenworth, Peterbilt and DAF nameplates. The company said start of production is anticipated to begin after 2021.

Report 113
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Borrego Selected For Utility Scale Solar In Montana, South Dakota

socalTECH

San Diego-based renewable energy developer Borrego Solar Systems reported this morning that it has been selected for two, utility-scale solar power projects in Montana and South Dakota. The two projects are both slated for construction in Q4 of 2021, and are expected to be operational by December of 2022.

San Diego 113
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AeroVironment Wins $5.9M Contract For Unmanned Aircraft

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Simi Valley-based unmanned aircraft systems developer Aerovironment reported a $5.9M The unmanned aircraft are expected to be delivered by April of 2021. The unmanned aircraft are expected to be delivered by April of 2021. According to the company, the contact came in the form of a U.S. hours, with a range of 12.4

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Cue Gets $481M For COVID-19 Tests

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San Diego-based Cue Health , which is developing COVID-19 testing products, reported late last night that it has received a $481M award from the. Department of Defense (DOD), on behalf of the U.S. Department of Health and Human Services (HHS), to expand domestic production capacity for its point-of-care COVID-19 tests.

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Teledyne Wins $20M F-35 Contract

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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.

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Honey Acquired By PayPal For $4 Billion

socalTECH

In one of the biggest acquisitions out of Southern California's technology startup industry in recent years, Los Angeles-based Honey Science Corporation , which develops a savings discovery and price tracking tool, has been acquired by PayPal , in a deal worth approximately $4 billion. READ MORE>>.