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DEFENSE: Final Decision on 10-Year Project Likely in 2015
The U.S. Navy is eyeing the southern portion of Coronado’s Silver Strand for a 1.5 million-square-foot construction project that will take 10 years to finish, and will mean up to $800 million in business for Navy contractors.
Cubic Corp. reported net income of $32.8 million on record quarterly sales of $396.4 million during its fourth quarter, which ended Sept. 30. For the year, Cubic (NYSE: CUB) reported net income of $69.5 million on annual sales of $1.398 billion.
Cubic Corp. said on Nov. 24 that it received more than $51 million in orders from the U.S. Army for laser-based equipment to be used during war games.
LRAD Corp., the Rancho Bernardo maker of high-volume acoustic devices used by the military and law enforcement, reported net income of $3.3 million for fiscal 2014, up 164 percent from the $1.3 million recorded in fiscal 2013.
PsychArmor, a nonprofit that helps veterans and their families, recently received a $1 million donation from the Rebecca Moores Foundation. The grant will help launch the Moores Center for Military Service Providers, which will assist civilian mental health practitioners who care for veterans, as well as others who provide similar services.
The U.S. Army awarded Poway-based General Atomics Aeronautical Systems Inc. a contract modification that may be worth as much as $17.1 million.
With November elections in the rearview mirror, members of Congress will soon take up the 2015 defense budget.
Mayor Kevin Faulconer told a defense industry group on Nov. 12 that he feels litigation regarding the Navy Broadway Complex is closer to its end than its beginning.
The Royal Australian Air Force recently awarded Cubic Corp. a contract worth more than $20 million. Under the deal announced on Nov. 5, Cubic (NYSE: CUB) will provide air combat training electronics for several types of military jets.
Kratos Defense & Security Solutions Inc., the San Diego holding company with subsidiaries around the country, issued a flurry of announcements on Nov. 6, including quarterly financial results.
Cubic Corp. said on Nov. 4 that it received a task order contract from the U.S. Army that could be worth more than $15 million.
The U.S. Air Force, acting on behalf of the French air force, arranged for a year of contractor logistics support for France’s MQ-9 Reaper unmanned aircraft with the aircraft’s builder, General Atomics Aeronautical Systems Inc. of Poway.
The Biocom Institute, the educational and workforce development arm of the life sciences trade association Biocom, is now accepting applications from military personnel interested in participating in its Veteran Career Mentoring Program.
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.