SD DEFENSE

Marathon Construction Gets a $9.6M Renovation Contract

The U.S. Navy has awarded Marathon Construction Corp. a $9.6 million task order to renovate Pier 13 at Naval Base San Diego, known informally as the 32nd Street naval station.

GA-EMS New Executive Named

General Atomics Electromagnetic Systems has named Jim Mosquera vice president and chief technology officer.

BAE Systems Gets $8.8M U.S. Navy Contract

The U.S. Navy awarded BAE Systems San Diego Ship Repair an $8.8 million contract modification.

Cubic Corp.'s Q4 Revenue: $445.6 million

Cubic Corp., the defense contractor that has a big footprint in the mass-transit space, reported net income of $13.2 million in its Q4.

Northrop Drops Out of Competition For Aerial Tanker Drone Contract

Northrop Grumman Corp. has walked away from an unmanned aircraft project that it had an excellent chance of winning.

Kratos Conducts $300M Bond Offering

Kratos Defense & Security Solutions Inc. is selling $300 million worth of bonds to private investors. The University City defense contractor said it plans to use some cash as well as proceeds from the bonds — which are 6.5 percent senior secured notes due 2025 — to retire outstanding 7 percent senior secured notes due 2019.

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Israeli Co. Buys Chassis Plans

Israel-based Aeronautics Ltd. has acquired Rancho Bernardo-based Chassis Plans, a business that produces ruggedized computers and peripherals. Financial terms were not disclosed. Chassis Plans will stay in its San Diego offices and add to its workforce, said CEO Michael McCormack.

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Predator Tries Anti-Submarine Role

General Atomics Aeronautical Systems Inc. said Nov. 13 that one of its unmanned MQ-9 Predator B aircraft participated in an anti-submarine warfare demonstration during war games in mid-October in the ocean west of San Clemente Island.

Thermo Fisher Awarded $40 Million Army Contract

The U.S. Army awarded Thermo Fisher Scientific Inc. a five-year, $40 million contract for customized reagents and consumables.

GA Acquires Assets of Colorado-based Co. Specializing in Small Satellites

General Atomics has acquired the majority of the assets of Englewood, Colorado-based Surrey Satellite Technology US LLC.

General Atomics gets $8.9M U.S. Missile Defense Agency Contract

The U.S. Missile Defense Agency awarded General Atomics Electromagnetic Systems Group an $8.9 million contract.

Marine Corps. Awards Cubic Corp. $11.6 M Contract

The U.S. Marine Corps awarded Cubic Corp. a six-month, $11.6 million contract for readiness training support

Kratos Reports a Nearly 20 Percent Increase in Q3 Revenue

Kratos Defense & Security Solutions Inc. reported an 18.6 percent increase in revenue and a markedly lower net loss in the third quarter.

Continued Growth Expected in Local Defense Spending

Pentagon spending in San Diego County rose 3.2 percent between 2016 and 2017, and economists who track the numbers predict slightly faster growth this year.

Contractor Finds Sweet Spot As Bigger Fish in Small Pond

Indus Technology Inc. has a new owner.

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