AeroVironment Completes Global Observer Flight Demonstration

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Monrovia-based Aerovironment READ MORE>>.

AeroVironment Wins $13M USAF Award

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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. AeroVironment said the contract is expected to run until September 28, 2023. AeroVironment says its Raven UAS wlil be deployed by the U.S.

AeroVironment, General Dynamics Land Systems Tie On Combat Vehicle Effort

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Monrovia, California-based Aerovironment , a major developer of unmanned aerial vehicles (UAVs) and drones for the military, said it has inked a deal with General Dynamic Land Systems (GD), to integrate the company's unmanned aircraft and tactical missle systems with armored combat vehicles.

AeroVironment Deploys UAV With Royal Canadian Navy

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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. Aerovironment said the Royal Canadian Navy is deploying its Puma II AE, a maritime mini unmanned aircraft system, on the RCN's Maritime Coastal Defence Vessels. Financial details of the contract were not announced. AeroVironment said that Canada's military has previously purchased its Raven UAS. READ MORE>>.

Xencor Names New Board Member

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Monrovia-based Xencor , which develops biopharmaceuticals using engineered monoclonal antibodies for the treatment of autoimmune diseases, asthma and allergic diseases and cancer, said today that it has named Richard Ranieri to its Board of Directors.

Aerovironment Aims At $248M Army Award

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Monrovia, California-based unmanned aerial vehicle (UAV) maker Aerovironment reported on Monday that it has been selected to compete on a "task order" for the U.S. Army, for unmanned aerial aircraft. According to Aerovironment, it has been selected to compete to provide unmanned aircraft systems and spare parts, valued at $248M over five years.

Xencor Names New VP

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Monrovia, California-based biopharmaceuticals developer Xencor announced today that it has named Raphael Clynes, M.D., Ph.D., as its new Vice President of Translational Biology. Clynes was most recently Group Medical and Scientific Director of Immunology-oncology at Bristol-Myers Squib, was co-founder of Vixen Pharmaceuticals, and was an associate professor at Columbia University.

Xencor Names New Board Member

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Monrovia-based biopharmaceuticals developer Xencor announced this morning that it has named Kevin Gorman, ph.D., to its board of directors. Gorman is the CEO of Neurocrine Biosciences, where he has been since 1993; he previously was an investor at Avalon Medical Partners, L.P. Gorman replaces director Robert Baltera, Jr., who the company said will not stand for re-election to its board. READ MORE>>. xencor biotechnology oncology kevin gorman avalon neurocrine biosciences board

Aerovironment Accused Of Covering Up Explosives On Commercial Airliner

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Monrovia-based unmanned aerial vehicle maker Aerovironment has been accused of covering up an incident where its employees transported a drone, rigged with explosives, on a commercial flight, according to a report from Bloomberg.

ValueClick Sells Investopedia, PriceRunner To IAC

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ValueClick said in November that it was looking to divest that segment of its business, which is based in Monrovia, California. ValueClick said the business unit will continue to be led by Steve Neufer and be based in Monrovia, according to ValueClick. Westlake Village-based ValueClick has sold its "owned and operated" websites -- Investopedia, PriceRunner, as well as others -- to IAC, according to the company.

AeroVironment Sells EV Charging, Test Business To German Company For $35M

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Monrovia, California-based Aerovironment , the developer of unmanned aircraft systems, has sold its other business--focused on electric vehicle charging and test systems--to a German company, Webasto Group. According to the two companies, Aerovironment sold its Efficient Energy Systems (EES) business segment to Webasto for $35M. As part of the acquisitoin, Webasto will also hire all of Aerovironment's EES employees.

AeroVironment Wins $44.5M Contract

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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. Aerovironment's Puma AE is being used for both ground and maritime operations, according to the company.

AeroVironment, SoftBank In $65M JV To Develop Unmanned Aircraft

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Monrovia, California-based AeroVironment said on Wednesday that it is in a joint venture to develop a solar powered, high-altitude, long-endurance unmanned aircraft system, potentially worth up to $65,011,081. The joint venture is with HAPSMobile , which is 95 percent owned by Japanese technology giant SoftBank Corp. According to AeroVironment, the unmanned aircraft would be aimed at developing a high-altitude long-endurance, or HALE, UAS for commercial operations.

AeroVironment Deploys Drone With U.S. Navy

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Monrovia-based AeroVironment has deployed its small, Puma AE unmanned aircraft systems with the U.S. Navy, on the USS Stout, the company said on Thursday. According to AeroVironment, the U.S. Navy has tested and deployed its RQ-20B Puma small unmanned aircraft system (AUS) on the USS Stout, which is a guided missle destroyer. The USS Stout is being used in the Arabian gulf. READ MORE>>. aerovironment drone unmanned aircraft military navy

AeroVironment Launches New Drone For Farm Analytics

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Monrovia, California-based AeroVironment has launched its commercial drones into the agriculture market, said on Wednesday that it has launched the Quantex hybrid drone and related analytics software, specifically for the agriculture market. The new drone and software bundle, which costs $16,500, allows farmers to collect and use aerial imagery--including both true color and multispectral imagery--allowing for better decision making and farm management.

AeroVironment Gets $20M Order From Army

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Monrovia-based unmanned aerial vehicle maker AeroVironment announced this morning that it has received a $20M order from the U.S. Army, for an upgrade for the army''s RQ-11B Raven Unmanned Aircraft Systems.

Xencor Prices IPO

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Monrovia-based biopharmaceuticals developer Xencor said this morning that it has priced its IPO, at $5.50 per share, and will start trading today on the NASDAQ Global Market as XNCR. Xencor sold 12,730,000 shares of its common stock in the IPO. Xencor was venture backed by MedImmune Ventures, HealthCare Ventures, and others. READ MORE>>. xencor biopharma biopharmaceuticals merger acquisition exit lifescience

Xencor Names New Board Member

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Monrovia-based biopharmaceuticals firm Xencor announced this morning that it has added A. Bruce Montgomery, M.D., to its board of directors. Montgomery is currently the CEO of Cardeas Pharma, and was a SVP at Gilead Sciences; he also was CEO of Corus Pharma, and served at PathoGenesis Corporation. Xencor is developing engineered monoclonal antibodies for the treatment of autoimmune diseases, asthma and allergic diseases, and cancer. READ MORE>>.

Xencor Adds Board Member

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Monrovia-based biopharmaceuticals developer Xencor announced this morning that it has appointed Yujiro S. Hata to its board of directors. Hata is currently the Chief Operating Officer at FLX Bio, and he previously was Chief Operating Officer at Flexuss Biosciences. Hata has also served at Onyx Pharmaceukticals, Enata Pharmaceuticals, Gneome Therapeutics Corporation, McKinsey and Company, and ImClone Systems. READ MORE>>. xencor board executive biotech lifescience yujiro hata flxbio

AeroVironment Gets $36.7M Army Contract

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Monrovia-based unmanned aerial vehicle maker AeroVironment said Monday that it has received a $36.7M order, for its Switchblade tactical missle systems.

AeroVironment Releases New EV Charger Product

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Monrovia-based AeroVironment is expanding its lineup of chargers for the electric vehicle market, with a new product specifically aimed at the forklift and materials handling market. According to AeroVironment it has launched a new product, ConnectRx, as part of its PosiCharge ProCore line of electric forklift chargers. The company said the new product implements a new sophisticated charge algorithm, battery thermal management, and anti-arc technology.

AeroVironment Names General Counsel

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Monrovia, California-based AeroVironment , the developer of unmanned aircraft and electric charging devices, said Wednesday that it has named Douglas E.

AeroVironment Wins $47M Army Award

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Monrovia, California-based unmanned aerial aircraft maker AeroVironment has scored another big defense contract, reporting this morning that it has won $47M in contract awards from the U.S.

AeroVironment Wins EV Charger Deal with Volvo

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Monrovia, California-based AeroVironment has been selected by auto manufacturer Volvo Cars , to develop a custom electric vehicle (EV) charging station, the company announced on Thursday. According to AeroVironment, it will develop a custom, global EV charging station for Volvo, to support Volvo's customers in Europe, China, and North America. Financial details of the deal were not announced.

Video: Green Dot's GoBank Explained

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Monrovia, California-based Green Dot --which created the entire category of prepaid credit cards when it was just a small, angel funded startup in Southern California--is now looking to turn another industry on its head--banking.

Xencor Launches $110M Public Offering

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Monrovia-based biotechnology developer Xencor has launched a public offering of its common stock, with the aim of raising approximately $110M in funding, the company said on Wednesday. The publicly traded biotechnology developer--which trades on the NASDAQ as XNCR--said it has priced the offering at $24.000 per share. The company said the new funding will go towards working capital and general corporate purposes, including investing in its pipeline and lead compoound. READ MORE>>.

AeroVironment Names Interim CFO

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Monrovia-based unmanned vehicle maker AeroVironment said late Thursday that it has swapped its CFO, and named Teresa Covington as Interim Chief Financial Officer, as its current CFO, Jikum Kim, has left the company.

AeroVironment Gets $3.6M Order

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Monrovia, California-based unmanned aerial vehicle maker AeroVironment reported Monday that it has scored another order from the U.S. military, this time for $3.6M of the firm's RQ-11B Raven Small Unmanned Aircraft Systems (UAS).

AeroVironment Wins $36.5M Deal With Australian Defence Force

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Monrovia, California-based unmanned aircraft maker Aerovironment reports that it has been selected by the Australia Defence Force, for a contract worth up to $36.5M. AeroVironment said the Australia Defence Force will use its Wasp AE systems for all environment, situational awareness. The three-year contract includes delivery of Wasp AE systems, training, and logistics support for up to ten years.

AeroVironment Unveils Stealthy, Palm-Sized Drone

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Monrovia, California-based AeroVironment has unveiled a new, palm-sized drone today, aimed at the military, called the Snipe. The Snipe--which it says can be worn on a uniform and is used for close-range intelligence, surveillance, and reconnaissance (ISR)--is an ultra-miniature quadcopter, and which it says it is already delivering to an un-named, U.S. government customer.

AeroVironment Gets Win In Australia

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Monrovia, California-based AeroVironment reported a win in Australia, with the Australian Armed Forces, for its Wasp AE Micro Air Vehicle (RQ-12A), the company said on Monday. Financial impact of the win was not announced. AeroVironment said the win came in conjunction with Australia-based XTEK, Sentient Vision and General Dynamics (GD) Mediaware. AeroVironment's RQ-12A is a 2.8 pound aerial vehicle with color and infrared video capability. AeroVironment also has offices in Simi Valley.

AeroVironment Gets $15.8M Order

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Monrovia, California-based Aerovironment , the developer of unmanned aircraft systems, reported Friday that it has received a $15.8M order for its Raven small unmanned aircraft systems. The firm said the order cam from the U.S.

AeroVironment Selected By Fiat For Charging Stations

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Monrovia, California-based AeroVironment has been selected by another auto manufacturer, to provide charging stations for its electric car customers.

Xencor Sets IPO Pricing Range

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Monrovia, California-based Xencor , the biopharmaceuticals technology developer headed by Bassil Dahiyat, has set its IPO pricing range, saying today in a regulatory filing that it is expecting to price its IPO at between $14.00 and $16.00 per share. The company is looking to trade as XNCR on the NASDAQ Global Market. Xencor had filed for an IPO in October. Xencor is backed by MedImmune Ventures, HealthCare Ventures, and John R. Stafford, III. READ MORE>>.

AeroVironment Lands $7.8M Order

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Monrovia-based Aerovironment , the developer of unmanned aircraft systems, reported this morning that it has scored a new $7.8M order from the U.S. The firm said the order covers upgrade modules for its Raven unmanned aircraft systems, being used by the U.S. Marine Corps.