Listen Now!  (3:57 Minutes)

Download the MP3  (1.3 MB)

• More Pasadena Star-News Podcasts
• Podcast/iTunes FAQ
• Download the Latest iTunes Software
• Search All News Podcasts

Local Buzz, March 10

MONROVIA

AeroVironment announces earnings

AeroVironment Inc. announced its fiscal year 2010 third-quarter results Tuesday. Revenue was $60.9 million, up 17 percent from third quarter fiscal 2009's $52.2 million. The increase in revenue was primarily due to higher sales - $11.7 million - in the company's Unmanned Aircraft Systems segment. That was offset partially by lower sales from its Efficient Energy Systems segment of $3.1 million.

The company also announced last week that it appointed Tom Herring as senior vice president and general manager of the Unmanned Aircraft Systems segment and John Grabowsky as its first chief technology officer, a role that will span the company's UAS and Efficient Energy Systems business segments.



PASADENA

Jacobs wins

Saudi contract

Jacobs Engineering Group Inc. announced today that it received a contract from Marafiq to serve as project management contractor for Marafiq's ongoing investment program in Saudi Arabia. Officials did not disclose the contract value.

Pasadena-based Jacobs will provide management services for a number of projects in the industrial cities of Jubail and Yanbu, under a framework that is in effect for three years and extendable for a further three.



PASADENA

CEO to become

board chairman

Adhesive label and ticket maker Avery Dennison Corp. said last week that its president and CEO, Dean Scarborough, will succeed Kent Kresa as chairman of the board. The company said Kresa is retiring because its policies require directors to retire at age 72.

His retirement will become effective at the company's next annual meeting, April 22. Kresa, a chairman emeritus of Northrop Grumman Corp., has been a director since 1999. Scarborough, 54, became president and CEO of Avery Dennison in May 2005. The company also chose David Pyott, 56, as the lead independent director on its board.



SAN GABRIEL VALLEY

Wal-Mart donation

to help women

The Wal-Mart Foundation today announced a $350,000 donation to the Vital Voices Latin America and Caribbean Women's Business Network   Read Full Article...