San Diego Business Journal

SD DEFENSE

Recent and archived news stories on: Arms, Contractors, Government, Military, Research, Development, Systems, Veterans...
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LRAD Corp. Reports Q2 Revenue of $5.4 Million

LRAD Corp., the San Diego business that makes a high-volume sound systems used for military applications and crowd control, reported second quarter net income of $526,000 on revenue of $5.4 million.

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Northrop’s Fire Scout Scheduled to Enter Operations for Navy

Northrop Grumman Corp. announced May 5 that the larger model of its Fire Scout drone will operate from ships this spring — and that its U.S. Navy customer plans to use the unmanned surveillance helicopter in actual operations in 2015.

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Peregrine's Stock Up 9% After Co. Reports Quarterly Loss

Peregrine Semiconductor Corp. reported a net loss of almost $10 million on net revenue of $41.3 million for the three months ended March 29.

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Cubic Awarded Contract for Training Support of U.S. Africa Command

Cubic Corp. has won one project while completing another, the company said May 5.

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Northrop Grumman Gets $10.8M Navy Contract

The U.S. Navy said on May 1 that it awarded Northrop Grumman Corp. a $10.8 million contract to develop something the Navy calls a multicapability pod, which will go on the Fire Scout unmanned helicopter.

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Strategic Asset

DEFENSE: Spawar Is Key Player in the Navy and in the Region

Dave Phillips has a not-so-conventional job. In recent years, the civilian electrical engineer at Spawar has been busy getting some aging but vital Navy electronics to play nicely with local power grids — including one in Cutler, Maine, population 507.

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Cubic Announces Leadership Change

Cubic Corp. announced a succession plan and additional contract wins as the calendar turned from April to May.

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Cubic Receives $35M Deal for Training British Army

Cubic Defense Systems, a business unit of Cubic Corp., was awarded a follow-on contract worth more than $35 million for training support to the British Army.

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Office Campus Housing Northrop Grumman Sold for $26 Million

Drawbridge Acquisitions LLC of San Francisco has purchased a Rancho Bernardo office campus, fully leased to Northrop Grumman Corp., for approximately $26 million, according to brokerage company Cassidy Turley, which represented the seller.

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Kratos Reports Q1 Results

San Diego-based Kratos Defense & Security Solutions Inc. reported a net loss of $15 million on revenue of $200.1 million in its first quarter, which ended March 30.

SAIC Employee Dies in Navy Night-Training Exercise

An employee of Science Applications International Corp. died April 28 in San Diego Bay off Naval Air Station North Island during a nighttime U.S. Navy training exercise, according to representatives of the defense contractor and the Navy command that holds the contract.

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Northrop Grumman Gets Contract for IED Jamming Systems

Northrop Grumman Corp. will build electronic jammers to foil roadside bombs under a new contract from the U.S. Marine Corps.

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Cubic Corp Receives $11 Million Air Combat Training Contract

Cubic Corp. received a contract worth more than $11 million to provide air combat training support to an undisclosed customer in the Middle East.

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Kratos Gets $7.8 Million Navy Deal

Kratos Defense & Security Solutions Inc. said it received $7.8 million worth of U.S. Navy electronics work.

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Kratos Receives $2.8 million in Security System Deployment Awards

Kratos Defense & Security Solutions Inc. said one of its divisions recently received $2.8 million in security system deployment awards for unnamed educational facilities in the United States.