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AeroVironment Develops Nano Air Vehicle

socalTECH

Monrovia-based Aerovironment reports this morning that it has reached a technical milestone, and has demonstrated a prototype of a "hummingbird-like" nano air vehicle for a Defense Advanced Research Projects Agency (DARPA) contract. READ MORE>>.

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AeroVironment Wins $13M USAF Award

socalTECH

Monrovia, California-based Aerovironment , which develops unmanned aerial vehicles (UAVs) for the military market, reports that it has received a $13M contract from the United States Air Force. According to AeroVironment, the new contract award covers support of Latin America and Caribbean nations with its RQ-11B Raven drone.

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AeroVironment Deploys UAV With Royal Canadian Navy

socalTECH

Monrovia, California-based Aerovironment , which develops unmanned aerial vehicles (UAVs) for the military and other markets, reported a win this week with the Royal Canadian Navy. Financial details of the contract were not announced.

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AeroVironment Wins $44.5M Contract

socalTECH

Monrovia-based unmanned aircraft systems developer AeroVironment reports that it has received a big, $44.5M contract for its Puma II AE platform, with an un-nnamed, major country in the Middle East. According to Aerovironment, the deal is the largest-ever international contract for the company.

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Xencor Gets Milestone Payment From Merck

socalTECH

Monrovia-based biopharmaceuticals developer Xencor reports this morning that it has received a milestone payment from Merck, for the initiation of a Phase 1 clinical trail which uses its antibody engineering technology. Size of that milestone payment was not announced. READ MORE>>.

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AeroVironment Wins New $19M DARPA Contract

socalTECH

Monrovia, California-based unmanned aircraft maker AeroVironment reported today that it has scored another contract from the Defense Advanced Research Projects Agency (DARPA).

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Green Dot Completes Loopt Buy

socalTECH

Monrovia-based Green Dot , the provider of prepaid debit card products, reports today that it has completed its acquisition of Mountain View-based mobile social networking developer Loopt. The buy gives Green Dot access to both Loopt's mobile social networking software, but also a stable of developers in Mountain View.