Cubic’s Quarterly Sales Reach $296.2M

Cubic Corp. reported net income of $6.3 million on net sales of $296.2 million for its third quarter, which ended June 30.

From Personnel To Systems, Spending Is Likely To Deliver For San Diego

A just-passed, 1,322-page spending bill will let the U.S. Navy buy its fourth next-generation aircraft carrier, more Triton unmanned aircraft, a ship that doubles as an offshore military base and much more.

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Asset Acquisition Gives Cubic Greater UAV Presence

Cubic Corp. has acquired the assets of a small business that builds unmanned aircraft.

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S.D. Hangs on to 2 Carriers as Navy Makes Shifts

Two aircraft carriers will continue to call San Diego home following changes announced by the U.S. Navy on Aug. 2.

Kratos Reports Revenue of $151M; Drone Business Grows

Kratos Defense & Security Solutions Inc. reported a net loss of $7.7 million on revenue of $151.2 million during the company’s second quarter, which ended on July 1.

Shipbuilder Austal Gets $14.8M Award

The U.S. Navy awarded Austal USA LLC a $14.8 million award to support the post-shakedown availability of the USS Tulsa, a littoral combat ship.

Shipyard Prepares for Layoffs

Huntington Ingalls Industries, which runs a U.S. Navy ship repair business in Barrio Logan, anticipates laying off 60 workers on Aug. 3, a spokeswoman said.

Shipbuilder Austal USA Is Beefing Up Its Local Presence

Shipbuilder Austal USA recently expanded its local presence, moving to a National City location that will eventually support more than 200 employees.

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DARPA Taps Heavyweight Teams for Chip Innovation

Designing a microchip can take years. A team that includes UC San Diego and Qualcomm Inc. hopes to accomplish the feat in 24 hours, using computers and a new set of tools.

Cubic Acquires Aircraft Builder’s Assets

Cubic Corp. has acquired an unmanned aircraft builder.

UAV’s Transatlantic Flight Still Has Gas, Gear for a UK Tour

It was a first: a remotely piloted aircraft from General Atomics Aeronautical Systems Inc. crossed the Atlantic solo in mid-July.

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Drones Play Missile Part in War Games

Kratos Defense & Security Solutions Inc. said on July 17 that the U.S. Navy plans to award it contracts for up to 60 BQM-177A surface-launched aerial targets.

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Energy Secretary Tours General Atomics

U.S. Secretary of Energy Rick Perry toured General Atomics facilities in San Diego and Poway on July 18, the company announced.

Kratos Gets Target Drone Work

Kratos Defense & Security Solutions Inc. announced on July 19 that it received a U.S. Air Force contract covering three lots of its BQM-167A high-performance, jet-powered unmanned aerial target drone systems.

Kratos Announces Foreign Task Orders, Contract Win

Kratos Defense & Security Solutions Inc. announced the receipt of multiple contracts on July 16.