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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.
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.
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.
Cubic Corp. has won one project while completing another, the company said May 5.
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.
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.
Cubic Corp. announced a succession plan and additional contract wins as the calendar turned from April to May.
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.
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.
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.
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.
Northrop Grumman Corp. will build electronic jammers to foil roadside bombs under a new contract from the U.S. Marine Corps.
Cubic Corp. received a contract worth more than $11 million to provide air combat training support to an undisclosed customer in the Middle East.
Kratos Defense & Security Solutions Inc. said it received $7.8 million worth of U.S. Navy electronics work.
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.