San Diego Business Journal


Recent and archived news stories on: Aerospace, Agribusiness, Chemicals, Electronics, Energy, Fabrication, Industrial, Plastics, Textiles...

I.E.-Pacific Inc. Receives $16.4 Million Order From Navy

A San Diego construction company will renovate and build facilities at Naval Base Ventura County to accommodate the U.S. Navy’s new Triton unmanned aircraft.

Adamis Pharmaceuticals Reports Raising $10.6 Million in Public Offering

Adamis Pharmaceuticals Corp., a San Diego-based biopharmaceutical company, raised about $10.6 million in a previously announced public offering, according to a recent company press release.

Marine Group Boat Works Receives $45M in Navy Contracts

Chula Vista-based Marine Group Boat Works LLC said it recently pulled in more than $45 million in contracts to build 27 small boats for the U.S. Navy.

ViaSat Chooses SpaceX for Its Satellite Launch

SPACE: Price of ViaSat-2 Launch Has Not Been Revealed

The first step into orbit is finding someone to take you there. ViaSat Inc. has chosen Elon Musk’s SpaceX to put its ViaSat-2 satellite into orbit in 2016.

Carlsbad-Based Process Peak Acquired by FranConnect

FranConnect Inc. of suburban Washington, D.C. has acquired Carlsbad-based Process Peak, the buyer announced on Jan. 8. Terms of the deal were not immediately available.

WD-40 Reports First-Quarter Net Income of $10.8 Million

WD-40 Co., the San Diego maker of household products, reported 2015 first-quarter net income of $10.8 million, down 6 percent from the like quarter of the prior fiscal year.

SDG&E’s New East County Substation Is Operational

San Diego Gas & Electric announced that the new East County Substation project has been energized and is now operating as an integral part of SDG&E’s electric transmission system.

Poway's General Atomics Awarded $43.3 Million Contract

The U.S. Air Force awarded Poway’s General Atomics Aeronautical Systems Inc. a $43.3 million contract to provide unspecified retrofits to an unspecified number of Reaper unmanned aircraft.

EDF Orders 150 Megawatts of Wind Turbine Generators

San Diego-based EDF Renewable Energy said it has placed a firm order with Vestas Wind Systems A/S for 150 megawatts of wind turbine generators, closing the books on the master supply agreement announced in September 2013, with orders totaling 1,094 MW.

GlySens Announces Close of $12 Million Series C round

San Diego-based GlySens Inc., a medical technology company, announced Monday that it has closed a $12 million Series C investment round.

FDA Approves Clinical Testing of Aethlon's Ebola Treatment

San Diego-based Aethlon Medical Inc., a medical device company developing therapies for infectious diseases and cancer, announced that the U.S. Food and Drug Administration (FDA) has approved a clinical protocol to treat Ebola-infected individuals in the U.S. with the Aethlon Hemopurifier.

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Manufacturing Finds More Firm Footing Across the County

PRODUCTION: Region Sees Gains in Variety of Sectors and Specialties

Nassco, the San Diego shipbuilding unit of General Dynamics, held a steel-cutting ceremony last month marking the beginning of work on the second of five oil tankers it is building.

Navy Awards IT Contract to Lockheed Martin

The U.S. Navy announced on Dec. 30 that it awarded Lockheed Martin Corp. a contract to provide information technology for the P-8A Poseidon aircraft. Some 16 percent of the work will be conducted in San Diego.

Defense Contractor Chooses Vanguard to Make Reflector Antennas

San Diego-based Vanguard Space Technologies Inc. said on Dec. 29 that Harris Corp., the $5 billion Florida defense contractor, has selected it to produce satellite antenna reflectors. Financial terms of the deal were not disclosed.

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China Reportedly Wrapping Up Qualcomm Investigation; Hefty Fines Expected

The Chinese government is close to settling its antitrust investigation with Qualcomm Inc., according to the Reuters news service, citing a Dec. 26 statement to that effect from China’s National Development and Reform Commission.