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Novatel Wireless Inc., the San Diego maker of wireless solutions and modems, said it completed an investment transaction for $23.7 million with a subsidiary of HC2 Holdings Inc., a diversified holding company with operating subsidiaries in the United States and the United Kingdom.September 9, 2014 4:05 p.m. Share
The U.S. Army steered millions of dollars of training work to Cubic Corp. over the last several months, the San Diego company reported on Oct. 23.
Two companies — Northrop Grumman Corp.’s Information Systems Sector and Computer Sciences Corp. — received indefinite-delivery, indefinite-quantity contracts letting them bid on software engineering work worth tens of millions of dollars.
Northrop Grumman Corp. said on Oct. 16 that its JCREW system — an electronic signal jammer designed to foil roadside bombs — made it through an extensive battery of tests at five Defense Department facilities in preparation for deployment in 2015.
DEFENSE: Total Said to Be $15.5B According to Study
San Diego’s active duty military personnel are “a force for good,” as the Navy says in a televised ad, and especially good for the local economy.
Kratos Defense & Security Solutions Inc. announced several contract wins in the seven-day span of Oct. 9-15.
Companies Can Benefit From Learning How To Commercialize Their Military Innovations
Cubic Corp., SeaBotix Inc. and ViaSat Inc. have business models that other defense contractors might want to study — even emulate — as San Diego’s defense sector rolls into what promises to be some rollicking, budget-cutting years.
Cubic Corp. said that it appointed Jan Marshall as vice president and chief information officer.
The U.S. Air Force rebutted a Department of Defense Inspector General’s report alleging that the Air Force is buying too many Reaper drones from General Atomics Aeronautical Systems Inc.
DEFENSE: Region Leaders Prepare for Next Round of Cuts
Pressure is building for a new military base closure round, perhaps in the post-election years of 2017 or 2019.
The U.S. Air Force said on Oct. 1 that it awarded Northrop Grumman Corp. a $306.1 million, sole-source contract to provide logistics services and sustainment for the Air Force’s Global Hawk unmanned spy aircraft.
Kratos Defense & Security Solutions Inc. said that it received an $8.5 million contract award for communication systems for certain airborne assets.
The U.S. Navy announced Oct. 3 that it awarded a $10.1 million, one-year modification to a contract with Job Options Inc., a nonprofit agency, to provide custodial services at the Naval Medical Center and various branch medical clinics and dental clinics around the San Diego area.
General Dynamics Nassco has gotten back into the habit of hiring and training workers, as its new construction backlog has grown.
RQ Construction LLC of Carlsbad was recently awarded a contract and a task order, with values totaling more than $36 million, for work being done for the U.S. Navy, according to the U.S. Defense Department.
MILITARY: Sequestration Pause Allows for Stability
Military spending — a foundation of the San Diego economy — is expected to wane only slightly for the next year with jobs attributed to such spending facing a 2 percent decrease in fiscal year 2015, according to a new study from SDMAC, the San Diego Military Advisory Council.