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OSI Systems Acquires American Science and Engineering

socalTECH

Hawthorne-base OSI Systems , which develops electronics systems for the homeland security, healthcare, and other markets, said this morning that it has acquired American Science and Engineering, Inc. (AS&E), OSI Systems said it will fund the acquisition from an existing, $450M credit facility. READ MORE>>.

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Elon Musk's SolarCity Files For IPO

socalTECH

It's been a big weekend for tech entrepreneur Elon Musk, after another successful launch Sunday from his commercial spaceflight firm, SpaceX--based in Hawthorne--and, it turns out, another IPO filing for Musk. It turns out that Musk owns 31.9 percent of SolarCity, which was founded by his cousins, Lyndon and Peter Rive.

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