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Wednesday, Feb 8, 2023

Regional Report



Military Lift: Wyle, an El Segundo aerospace and defense contractor, has been awarded a three-year, $18.5 million task order to provide engineering, analysis and testing services to the Army’s unmanned aircraft systems and fixed-wing programs. The task order is from the Reliability Information Analysis Center and supports project management in Huntsville, Ala.

Marketing Move: Fuhu Inc., an El Segundo software company that makes children’s tablet Nabi, has named marketing firm Draftfcb L.A. in Venice as its agency of record. Draftfcb will handle all of Fuhu’s marketing needs for its ecosystem of Nabi products and services. The agency’s duties will include strategy and brand identity as well as creative development for product launches.



Innovation Fund: Downtown L.A.-based Southern California Gas Co. has established a $1 million innovation fund with the Los Angeles Cleantech Incubator to speed the development of clean technologies. Working with the downtown incubator, a city of L.A. non-profit that looks to accelerate the commercialization of clean technologies, the Gas Co. fund will develop potential clean technology solutions.

On the Road: Aecom Technology Corp., a downtown L.A. engineering and technical services company, has been awarded an electrical, mechanical and architectural consultancy contract worth nearly $15 million for Singapore’s proposed North-South Expressway. Aecom will provide services for construction of the 13.4-mile expressway.

Judgment Entered: The owner and operator of El Socalo, Ahmad Salim, was fined $388,000 in a case brought by the Los Angeles City Attorney. Salim had been charged with having possessed or selling more than 1,500 counterfeit designer name-brand clothing items from his store since 2004.



Office Purchase: CMC Vocational School in Koreatown has purchased a Gardena office building for $4.3 million from Gaffey Street Properties Inc. The three-story, 31,700-square-foot property, at 1875 W. Redondo Beach Blvd., was built in 1975. CMC plans to use the property for a nursing college.



Military Contract: AeroVironment Inc., a designer and manufacturer of unmanned aerial vehicles, was awarded a $36.7 million contract from the U.S. Army as part of its Switchblade tactical missile systems. The contract includes training rounds plus and delivery to support ongoing operations.



Mounting Interest: Private equity firm Corridor Capital in West Los Angeles acquired a majority interest in Innovative Office Products, a manufacturer of ergonomic mounting solutions for flat panel monitors, notebooks, tablet PCs and control panels. The management team of IOP, based in Easton, Pa., along with Avante Mezzanine Partners, participated in the purchase.

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