SD DEFENSE
Recent and archived news stories on: Arms, Contractors, Government, Military, Research, Development, Systems, Veterans...Market Gains
INSURANCE: Insurers Find Acquisition Is a Good Growth StrategyThe recent acquisition of longtime San Diego insurance brokerage Barney & Barney LLC by Marsh & McLennan Agency LLC is part of an industry trend, as large insurers increase their outreach by taking over regional companies. February 28, 2014 10:15 a.m. $$ ShareForeign Sales Show Co. Goes Extra Mile
DEFENSE: Datron’s ‘Loaners’ Also Part of Marketing Strategy
Few San Diego County companies view Afghanistan as a business opportunity.
Cubic Completes Acquisition of Intific
Cubic Corp. has completed the acquisition of Intific Inc., an Austin, Texas-based advanced technology company focused on software and game-based solutions in modeling and simulation, training and education, cyber warfare, and neuroscience.
Part of Lockheed Martin Work on New Navy Ship to Be Done in San Diego
The U.S. Navy has awarded Lockheed Martin Corp. a $10.8 million contract option covering the post-delivery support for one of its new ships, the future USS Milwaukee.
Contract Options Awarded Include Work at Naval Air Station North Island
The U.S. Navy’s Naval Air Systems Command has awarded contract options to four businesses, which will provide services at command headquarters at Patuxent River, Md. as well as outlying locations including Naval Air Station North Island.
Military Decisions
DEFENSE: Pentagon’s Fiscal 2015 Spending Plans Are Mixed Bag for Region
Northrop Grumman Corp.’s odd-looking Global Hawk aircraft might better have been named the Phoenix, since the bird seems to be rising from its own ashes.
General Dynamics Defense Deal Could Be Worth $250.1 Million
General Dynamics Corp. said that its Advanced Information Systems unit received a subcontract that could be worth as much as $250.1 million over 10 years if its U.S. Navy customer exercises all options.
Cubic’s Stock Ticker Symbol Gets an ‘LF’ Added to It, for Now
Cubic Corp. said on Feb. 25 that the New York Stock Exchange is changing the company’s ticker symbol to indicate it will be late in filing its financial statement from the quarter ended Dec. 31.
Pentagon Proposal Favors Northrop Grumman’s Global Hawk Over U-2 Spy Aircraft
In a surprise twist, the Pentagon has proposed retiring the U-2 high altitude spy aircraft in favor of the unmanned Global Hawk, a San Diego product.
GA-ASI Nabs $94M in Contract Modifications
The U.S. Army awarded General Atomics Aeronautical Systems Inc. two contract modifications worth $94.3 million.
Sentek Global Inc. Promotes Galetti to COO Position
Sentek Global Inc. said that it has promoted Jason Galetti to COO.
Sentek Global Names Galetti to COO Position
Sentek Global Inc. said that it has promoted Jason Galetti to COO.
Defense Contract Could Be Worth $35M for Leidos Inc.
Leidos Inc., one of the two companies created with the 2013 split of SAIC, said on Feb. 20 that it received software work from the U.S. Strategic Command that could be worth as much as $35 million if the government exercises all of its options.
2 Local Small Businesses to Compete for Navy Contracts for Cultural Evaluation Work
Though it can’t promise the intrigue of an “Indiana Jones” movie, the U.S. Navy can promise work in the archaeological space.
Cubic Corp. Announces Dividend
Cubic Corp. said that it will pay out a semiannual dividend of 12 cents per share March 14.
Kratos Gets $5.2M Government Order
Kratos Defense and Security Solutions Inc. recently received a $5.2 million order for unspecified blast-resistant and hardened products.
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