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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.
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.
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.
Oceanside-based Industry Armament said on Jan. 7 that it acquired Scottsdale, Ariz.-based firearm maker Predator Tactical for undisclosed terms.
It is equal parts flying wing and helicopter, with a liberal dose of imagination wrapping those elements into one.
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.
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.
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., 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.
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.
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 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 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.
The U.S. Air Force plans to spend $338 million in 2016 on logistics support for its fleet of Predator and Reaper unmanned aircraft.
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.