Aerospace startup Hermeus is moving its headquarters to El Segundo from Atlanta as it aims to build autonomous hypersonic aircraft for the military, the latest sign of revival in the region's aerospace and defense sectors. The company, valued at $1 billion, is opening executive offices and a facility where it will design and build its next prototype, a supersonic plane intended to hit Mach 3 " faster than any modern warplane. The company's goal is to eventually develop a hypersonic plane reaching Mach 5, or five times the speed of sound, and Southern California has the engineering talent base to help achieve that, executives said.
A former Yolo County Sheriff's Office lieutenant is one of five people charged with murder following a fireworks warehouse explosion that killed seven workers in the rural Northern California community of Esparto last summer, authorities said. Samuel Machado is accused of illegally having 1 million pounds of fireworks on his property at the time of the blast and using his law enforcement position to shield the illicit operation from scrutiny for years, according to the Yolo County district attorney's office. Machado was placed on administrative leave following the violent July 1 explosion, which was felt by residents up to 20 miles away, destroyed a family farm and sparked a 78-acre grass fire.
Inflation spikes: The war with Iran drove up monthly US inflation threefold in March, according to the latest Consumer Price Index report, released this morning. read more
Software giant Oracle on Tuesday started laying off workers ... read more
The Dow Jones Industrial Average lost nearly 800 points today, and the broader benchmark S&P 500 Index just posted its fifth straight weekly loss, marking its worst streak since 2022. The culprit is the war in Iran ... read more
Barron is a trans