Kevin Costelloe

Irvine

Technology Reporter at Orange County Business Journal

Bloomberg News Editor based in Rome. All views are my own

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Articles

Anduril Signs 313K- Sq.-Ft. Lease in OC

3 days ago | ocbj.com | Kevin Costelloe

Anduril Industries is leasing a large chunk of local warehouse space less than a mile from its Costa Mesa headquarters, pushing its total Orange County presence to roughly 1.1 million square feet. The commercial space Anduril plans to occupy spans 313,244 square feet at Lake Center Office Park in Santa Ana, according to various Orange County industrial market reports.
Boldyn Boosting Internet, 5G in Greater Bay Area

3 days ago | ocbj.com | Kevin Costelloe

Wireless infrastructure provider Boldyn Networks US says it will complete 80 miles of high-speed fiber in the Greater Bay Area network by the end of June to boost internet and wireless capacity there. The Irvine-based firm provides open access networks to a wide array of sites ranging from public transit systems to airports and military bases, as well as sports and entertainment venues.
OC Jobless Rate Drops Slightly to 3.8% in March - Orange County Business Journal

6 days ago | ocbj.com | Kevin Costelloe

The OC figure for March is lower than the unadjusted unemployment rate of 5.3% for California and 4.2% for the nation during the same period. Between February and March total non-farm employment in Orange County fell to 1.68 million, for a loss of 600 jobs. Construction and trade, transportation, and utilities decreased the most, losing 1,900 jobs each. Private education and health services increased by 2,100 jobs, the most of any sector.
Anduril, 2 Partners in Running for Trump's Golden Dome: Reuters

1 week ago | ocbj.com | Kevin Costelloe

Elon Musk’s SpaceX is leading a bid to build a key part of President Donald Trump’s Golden Dome missile shield along with partners Anduril Industries of Costa Mesa and Peter Thiel’s Palantir Technologies (Nasdaq: PLTR), Reuters reported, quoting six people familiar with the matter. The SpaceX group has pitched the proposal to the Pentagon and has “emerged as frontrunners,” according to Reuters.
Anduril Introduces Torpedoes and Underwater Monitors

1 week ago | ocbj.com | Kevin Costelloe

Defense company Anduril Industries has introduced Seabed Sentry, a mobile sensor network for monitoring military and commercial deep-sea activity amid tensions with Russia and China. Separately, the company is making a new torpedo line called Copperhead, named after the venomous snake, that can be launched by underwater drones. The two systems help to build out the Costa Mesa-based company’s push for weapons and defense systems covering the full spectrum of air, land and sea.
Karman Space Reports Sales Rise 23%

1 week ago | ocbj.com | Kevin Costelloe

Karman Space & Defense made an unusual presentation last week when it held its first quarterly conference call since going public in February. While most publicly traded companies announce the quarterly results as well as the annual figures, the Huntington Beach firm, which supplies missiles and aerospace components to major defense contractors, only provided the results for 2024 (NYSE: KRMN).
Syntiant Unveils System to Enhance Security Cameras

1 week ago | ocbj.com | Kevin Costelloe

Syntiant Corp. has launched a new machine learning-powered vision system for security cameras that enables ultra-fast and precise identification of specific people or objects. The system was demonstrated earlier this month by the Irvine-based AI computing company at the ISC West 2025 exposition in Las Vegas. Potential applications range from police patrolling to vehicle traffic monitoring to surveillance of businesses and smart homes equipped with electronic devices.
Karman Space Posts 2024 Revenue, Profit Growth - Orange County Business Journal

2 weeks ago | ocbj.com | Kevin Costelloe

Karman Space and Defense said today that FY 2024 revenue grew 23% to $345 million year over year while annual net income rose to $12.7 million. It was the first earnings statement since the company (NYSE: KRMN) went public in February. For the full fiscal year 2025, the company said it expects total revenue to grow to between $423 million and $433 million. Shares in Karman rose 1% to $28.11 in after-hours trading, while the market cap was $3.7 billion at midday.
Todd Yoder Named CFO at Shimmick

2 weeks ago | ocbj.com | Kevin Costelloe

Irvine-based Shimmick Corp. (Nasdaq: SHIM), a builder of large water infrastructure projects, has named Todd Yoder executive vice president and chief financial officer, effective April 14. Prior to joining Shimmick, Yoder served as executive vice president and CFO at Shikun & Binui America, Inc. and Shikun & Binui Concessions USA. Amanda Mobley, interim CFO, has been appointed Shimmick’s chief accounting officer, the company said in a statement today.
Dzyne of Irvine Steps up Dronebuster with Portable System

2 weeks ago | ocbj.com | Kevin Costelloe

Flying attack drones seem to be everywhere these days, striking the Middle East and the battlefields of Ukraine. Dronebusters, made by Dzyne Technologies of Irvine, introduces a portable way to stop the airborne weapons. The company’s newest product looks similar to a boxy gun and is equipped with a radio and electronic equipment for detection and targeting small, unmanned aircraft systems.