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Virgin Orbit Conducts First Successful Launch

Virgin Orbit launched its first rocket into orbit, carrying satellites on behalf of NASA.

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American Honda Sales Slump for 2020

After contending with pandemic-related shutdowns at its U.S.-based factories, American Honda Motor Co. Inc. sales slumped 16.3% in 2020 compared to 2019.

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IFS Wraps 2020 With Three Acquisitions

Individual FoodService in Bell wrapped up 2020 with three acquisitions, including a December deal for Brady Industries, a Las Vegas-based competitor.

CPK Names New Board Members

Fresh out of bankruptcy, California Pizza Kitchen Inc. appointed four board members to lead the fast-casual restaurant chain along with Chief Executive Jim Hyatt.

Furniture Maker Outer Raises Another $10.5 Million

Santa Monica-based outdoor furniture startup Outer Inc. has raised $10.5 million in Series A funding.

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Waste to Fuel Company Changes Leadership

WasteFuel Holdings, which is developing technology to create aviation fuel from municipal waste, has changed its leadership.

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Aerojet Rocketdyne Sells for $4.4 Billion

Aerospace giant Lockheed Martin Corp. is set to acquire El Segundo-based Aerojet Rocketdyne Holdings Inc. in a deal worth $4.4 billion, according to Lockheed Martin.

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SpaceX to Ramp Up Testing for Mars Rocket in 2021

Coming off a record-breaking year of launches and high-profile missions, Space Exploration Technologies Corp. is already gearing up for a busy 2021.

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8Minute Solar Adds $125 Million to Financing

Solar power development company 8Minute Solar Energy has secured an additional $125 million in financing for its pipeline of projects in California, Texas and the Southwest.

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Congress Approves $1.5 Billion in Annual Funds for Ports

A bill that will provide increased funding for maintenance of local ports passed the final hurdle in the last week of 2020 when the U.S. Senate gave a green light to the Water Resources Development Act of 2020, HR 7575.

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OSI Systems Lands $13 Million Contract for Airport Screening Devices

OSI Systems’ Security division received a $13 million to provide screening products to two airports

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Ports See ‘Unprecedented Amount of Cargo Volume’

While local freeways remain relatively open thanks to the Regional Stay at Home Order, traffic congestion at the San Pedro Bay complex shows no signs of letting up.

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Relativity Nabs 2 New Launch Contracts

Relativity Space Inc. hasn’t yet launched a rocket out of Earth’s atmosphere, but the innovative aerospace company has a growing list of customers purchasing payload space for future launches.

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Canoo Debuts Electric Vehicle With Plenty of Cargo Space

Gearing up for an initial public offering expected to occur before the end of the year, electric vehicle-maker Canoo Inc. debuted a new delivery vehicle Dec. 17 that the company aims to bring to market in 2022.

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Musk Upbeat Despite Fiery Finish to Starship Test Flight

An early test flight of a massive Space Exploration Technologies Corp. spacecraft ended in a fiery inferno on Dec. 9.

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