LOS ANGELES COUNTY - News from April 1, 1985
Logicon Inc., Los Angeles, received a $3.5-million contract from the federal systems division of International Business Machines. The contract involves development of software and hardware for a program to test military communications systems.
Data-Design Labs, a Cucamonga-based company that makes electronic equipment and sets up training programs for Navy engineers, said it purchased A. J. Electronics Inc., a Chatsworth-based electronics assembly contractor, for 200,000 shares of stock valued at $2.3 million.
AlternaCare Corp., Los Angeles, will open two outpatient surgical centers in Port Charlotte and West Palm Beach, Fla.
Air Cargo Equipment Corp., Long Beach, received a $3-million order from American Airlines for 2,000 cargo containers made of high-density polyethylene.
Van Nuys-based Superior Industries International Inc. said it received a three-year contract to produce cast-aluminum road wheels for Ford Motor’s Mustang, beginning with the 1987 model year.
Perceptronics Inc., Woodland Hills, has received $2.5 million in contracts from various Defense Department agencies to produce a series of videodisc map sets and systems.
CALIFORNIA
Two Silicon Valley companies, Corvus Systems Inc. and Onyx & IMI Inc. agreed to merge through a stock swap.
The deal could be completed by this summer, a company official said. The agreement is subject to completion of a definitive agreement, approval by both companies’ boards, the opinion of certain investment bankers and various government approvals.
The two companies would be combined under the Corvus name.
Corvus recently laid off 50 people, and Onyx last fall laid off 100 people in Santa Clara County and sold its unprofitable disk-drive business to Chinese companies.
However, both companies have shown improving profits in their most recent quarters. Onyx now employs about 275 people and Corvus has 375 workers.
Corvus’ primary product is peripheral computer equipment such as disk drives to store programs in computers, and Onyx makes multiuser personal-computer systems.
