COMPANY PREVENTS LAYOFFS : VALLEY DIVISION WINS KEY CONTRACT.Byline: Dawn Yoshitake Daily News Staff Writer California Microwave Inc. announced Thursday its Woodland Hills division received a $9.1 million government contract - turning around its earlier plans to reduce its San Fernando Valley San Fernando Valley Valley, southern California, U.S. Northwest of central Los Angeles, the valley is bounded by the San Gabriel, Santa Susana, and Santa Monica mountains and the Simi Hills. work force. ``If we didn't get this contract, we would have laid off about 10 folks. But with this contract, we're now looking to add 15 people, especially software programmers See systems programmer. ,'' said Ken Collins, vice president of the government electronics division in Woodland Hills. The division, which employs 140 workers, develops and manufactures decoding de·code tr.v. de·cod·ed, de·cod·ing, de·codes 1. To convert from code into plain text. 2. To convert from a scrambled electronic signal into an interpretable one. 3. equipment that allows data networks to communicate with one another. The contract with the Air Force is the division's largest, single contract to date, Collins said. He noted, however, the company has previously received a few multiyear contracts ranging between $10 million to $20 million. Next month California Microwave will begin shipping the first of 24 Stand Alone Message Processing Systems to the Air Force's Sacramento Air Logistics Center. Stephanie Day, a spokeswoman for Redwood redwood: see sequoia; brazilwood. redwood or sequoia Coniferous evergreen timber tree (Sequoia sempervirens) of the family Taxodiaceae, found in the fog belt of west-coastal North America. City-based California Microwave, said the company's government business has continued to grow, despite the cutbacks in defense spending. ``That division is part of the company's backbone,'' she said. ``We started lobbying the government eight or nine years ago to start buying commercial products that were available off the shelf, rather than having to develop them from scratch.'' California Microwave designs and manufactures satellite and wireless communications wireless communications System using radio-frequency, infrared, microwave, or other types of electromagnetic or acoustic waves in place of wires, cables, or fibre optics to transmit signals or data. equipment and systems. Matt Desmond, an analyst with Red Chip Review, said the division will not likely be the main source of growth for California Microwave, but won't be a drag on Verb 1. drag on - last unnecessarily long drag out last, endure - persist for a specified period of time; "The bad weather lasted for three days" 2. revenues. California Microwave reported a 78.3 percent third-quarter earnings drop to $1.3 million, compared with a year earlier. Revenues, meanwhile, dropped 18 percent to $100.1 million from a year earlier. Day said the loss was attributed to restructuring charges restructuring charge The expense of reorganizing a company's operations. A restructuring charge is an infrequent expense that generally results from asset writedowns or facility closings. . |
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