The U.S. Navy has taken another small step toward building its first production aircraft that will launch from an aircraft carrier deck.
Kratos Defense & Security Solutions Inc. reported a net loss of $6.2 million but strong revenue growth in its second quarter of 2017.
San Diego-based SkySafe, which makes technology to stop drones while in flight, said on July 20 that it received $11.5 million in series A funding, led by Andreessen Horowitz.
The U.S. Navy awarded BAE Systems San Diego Ship Repair a contract modification worth almost $50 million, covering maintenance work on the amphibious ship USS Comstock.
The USS Gabrielle Giffords, an Independence-class littoral combat ship and one of the newest ships in the U.S. Navy, arrived in San Diego on July 5, giving the region a direct economic benefit of about $30 million per year.
Cubic Corp. said on July 18 that it acquired privately held Deltenna Ltd. of Chippenham, U.K. for undisclosed terms. Deltenna specializes in wireless infrastructure, offering radio and antenna communication solutions.
DEFENSE: Yokoyama’s Priorities Are Improving War-Fighting Capabilities
Transitions are part of life in the U.S. Navy. Sailors regularly move from one city to the next, or from one continent to another. But even for Capt. Melvin Yokoyama Jr., who has spent more than 25 years in the Navy, this last transition has been quite a change of scenery.
BAE Systems said July 11 that it planned to lay off as many as 300 employees at its Barrio Logan shipyard. The positions could be eliminated in early September, the business said.
Cubic Corp. plans to transition current CFO Jay Thomas to an executive adviser’s role and name a new chief financial officer in October.
F3EA JV LLC, a small business, has been awarded a five-year contract worth up to $16.4 million to support underwater egress training systems at four U.S. Marine Corps bases.
San Diego-based Tapestry Solutions Inc., a part of Boeing Co., received a $28 million U.S. Air Force contract that it will share with another Boeing unit, Jeppesen.
A rough draft of the fiscal 2018 Pentagon budget is out, and as usual, it includes some big-ticket purchases from San Diego’s aircraft makers and shipbuilders.
The U.S. Navy awarded Continental Maritime a $37.8 million delivery order to cover shipyard work to the Ticonderoga-class cruiser USS Chosin.
Kratos Defense & Security Solutions Inc. received a big contract for jet-powered target drones, used in military war games. The U.S. Navy announced the $37.1 million contract modification on June 27.
Six companies received contracts to provide support services at the U.S. Navy’s Point Loma lab. Under the best of circumstances, the work announced on June 14 will extend to the middle of 2022.