MANUFACTURING
Kellstrom Defense Rebrands as AllClear Holdings
El Segundo-based Kellstrom Defense Aerospace Inc. has a new moniker — AllClear Holdings — and will share it with its parent company, Aero Precision Holdings.
Raytheon to Hire 300 Workers in El Segundo
Raytheon Intelligence & Space, a division of Raytheon Technologies Corp., reported that the company will hire over 300 workers at its El Segundo location.
SpaceX Sets Record With Latest Launch
SpaceX successfully landed a Falcon 9 rocket booster following a launch for a record sixth consecutive time.
Xos Trucks Raises $20 Million
Electric commercial vehicle maker Xos Trucks Inc. has raised $20 million in funding from investors including BUILD Capital Partners and Proeza Ventures.
LA, LB Ports Postpone Plan for Clean Truck Fund
Plans to implement fees tied to the Clean Truck Fund appear to be on hold as the the San Pedro Bay ports grapple with pandemic-related cargo declines and labor shifts.
Port of Long Beach Sets Record in July
A surge in online spending and extra vessel visits in July helped the Port of Long Beach record its busiest month ever.
CarParts.com Reports Big Second Quarter
Carparts.com, formerly U.S. Auto Parts Network Inc., reported revenue of $118.9 million, a 61% increase compared to the same period last year.
Port of LA Sees Cargo Gains for July
Cargo volumes for July at the Port of Los Angeles were highest for the year so far, but still trailed July 2019 by 6.1%.
United Pacific Acquires 95 Gas Stations
United Pacific, the Long Beach-based operator of some 415 gas stations and convenience stores, acquired another 95 units in a deal with Agoura Hills-headquartered Northwest Dealerco Holdings, which does business as Platinum Energy.
Honda Sees Dip in Sales During July
Automaker reports decline of 11% for cars and trucks
New vehicle sales at American Honda Motor Co. Inc. totaled 125,450 cars and light trucks in July, an 11.2% decrease compared to the same period last year.
Beyond Meat Posts Second-Quarter Sales Gain
Shares of Beyond Meat Inc. dropped about 6% after the maker of plant-sourced meats reported second-quarter sales on Aug. 5 that beat Wall Street expectations.
SpaceX Prepares for Additional NASA Missions
Following the successful completion of the company’s first manned mission, Hawthorne-based aerospace company Space Exploration Technologies Corp. is lining up orders for more NASA projects.
Hollywood Bed Makes First Acquisition
Hollywood Bed & Spring Mfg. Co. Inc., a 75-year-old bed frame manufacturer, just completed its first acquisition.
Downtown Honda Dealership Sells for $80 Million
Brandon Steven Motors acquired Honda of Downtown Los Angeles for $80 million. It’s the Wichita, Kan.-based dealership chain’s 13th store and its first in California.
AECOM Secures Contract for Thames Tunnel Project
Century City-based engineering and infrastructure giant AECOM has received a contract to provide ground assessment services for the third phase of the 14.3-mile, $7 billion-plus Lower Thames Crossing highway tunnel project near the mouth of England’s famed Thames River.
