San Diego Business Journal

SD MANUFACTURING

Recent and archived news stories on: Aerospace, Agribusiness, Chemicals, Electronics, Energy, Fabrication, Industrial, Plastics, Textiles...
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Cubic Acquisitions Boost Defense Side

DEFENSE: Co. Expects to Double C4ISR Sales in ’17

Cubic Corp. has been on an acquisition spree, snapping up three businesses including an Alabama company whose satellite dishes look like gigantic beach balls. The purchases, however, aren’t mindless. Nor are they fun and games.

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Trade Route

ECONOMY: WTCSD Is Back Mapping a Strategy For International Commerce

World Trade Center San Diego, a nonprofit whose income stream dried up several years ago, has been reborn as an arm of the San Diego Regional Economic Development Corp., with aims to supercharge the region’s efforts to play a larger role in global trade.

Northrop Grumman Gets $8M Navy Contract Modification

The U.S. Navy awarded Northrop Grumman Corp. a one-year, $8 million contract modification, exercising an option for software sustainment services for one of its unmanned helicopter systems.

Industry Armament Acquires Arizona Firearm Maker

Oceanside-based Industry Armament said on Jan. 7 that it acquired Scottsdale, Ariz.-based firearm maker Predator Tactical for undisclosed terms.

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Northrop to Design, Build Unusual Drone for the Navy

It is equal parts flying wing and helicopter, with a liberal dose of imagination wrapping those elements into one.

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NATO Version of Global Hawk Makes First Flight

Northrop Grumman Corp. announced Dec. 19 that its NATO Alliance Ground Surveillance Aircraft — a variation of the Global Hawk unmanned aircraft — made its first flight.

Inception IBD Inc. Raises $6.9M in Equity Financing

San Diego-based Inception IBD Inc. has raised $6.9 million in equity financing, according to a recent form filed with the Securities and Exchange Commission.

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Strength in Diversity

ECONOMY: The Wide Variety of Our Businesses Is Insurance Against 2016 Storms

As international trade partners struggled with recession and consumer spending growth slowed, forecasters warned that the U.S. economy was losing momentum in the second half of 2015 and could close out the year weaker than expected. While the economy was still growing, they said, sluggish global demand was slowing that growth and pushing down corporate revenue.

LRAD Corp. Gets $710,000 Contract for System to be Used in Latin American Prisons

LRAD Corp., which makes electronics that send highly directional amplified sound over long distances, said on Dec. 29 that it received a $710,000 order for model 1000Xi systems and accessories. The company did not list a specific customer; it only said that the gear would be used at Latin American prisons.

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Budget Truce Gives Defense Cos. Chance for Wins

DEFENSE: Programs Of Some of the Big Local Players Are in Demand

The defense industry seems to be holding its own as 2016 begins. Because of a major deal struck in Congress, military contractors will not have to carve up a drastically shrinking defense-spending pie, at least not in the near term.

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Strong Dollar Likely Will Hurt Manufacturing

PRODUCTION: Defense Spending, Complexity Of Goods Are Pluses

Manufacturing faces an uncertain 2016 as rising military spending and declining export sales pull the industry’s forecast in opposing directions.

Northrop Grumman Awarded Three-Year, $93.1 Million Contract

Northrop Grumman Corp. recently got a Defense Department deal to develop an unmanned aircraft called TERN. The Pentagon’s R&D arm has inked a three-year, $93.1 million agreement with Northrop Grumman (NYSE: NOC) to develop the system, which could be used to gather intelligence or deliver weapons.

Kratos Drone Successfully Executes Third Demonstration Flight

Kratos Defense & Security Solutions Inc. said its jet-powered unmanned UTAP-22 aircraft successfully made its third demonstration flight on Dec. 11 at the U.S. Navy’s test range at China Lake.

Air Force Awards GA-ASI $338 Million Contract

The U.S. Air Force plans to spend $338 million in 2016 on logistics support for its fleet of Predator and Reaper unmanned aircraft.

Skin Products Company Leases Carlsbad Industrial Building

Locally based Coola Suncare, which makes sunscreens and related skin products, has leased 45,500 square feet at a Carlsbad industrial building, in a deal valued at approximately $2.28 million, according to brokerage firm Lee & Associates.