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Agriculture Remains Firmly Planted as North County Economic Force
Biotechs and craft breweries are the current darlings of the San Diego County economy, but there’s a stalwart player that has been packing an economic punch far longer than either of these relative newcomers.
MANUFACTURING: $10M Facility in Works Next to Firm’s Factory
A Rancho Santa Margarita-based manufacturer of catalytic converters and performance exhaust systems broke ground on a $10 million, 100,000-square-foot headquarters and manufacturing facility in Oceanside late last month.
Encore Medical, a subsidiary of Vista-based medical device firm DJO Global, has entered into an agreement with Zimmer Holdings Inc. to purchase products to help it invest in the implant business.
General Atomics received a major contract this month for its electromagnetic aircraft carrier catapult as well as for a similarly powered arresting gear to catch the small jets landing on the carrier deck.
INVESTING: Startups Will Join Others Working At COI Pharmaceuticals
Avalon Ventures announced the launch of three new biotech companies formed through its collaboration with British drugmaker GlaxoSmithKline.
General Atomics Aeronautical Systems Inc., a maker of unmanned aircraft and related electronics, has been awarded a $21.1 million firm-fixed-price, cost-plus-incentive fee order on a previously awarded Air Force contract for Predator mission aircrew training systems, the Defense Department announced.
General Dynamics NASSCO, a wholly owned subsidiary of General Dynamics, said it delivered the U.S. Navy’s newest ship, the USNS Lewis B. Puller (MLP 3 AFSB) on June 12.
San Diego-based cable assembly manufacturer RF Industries Ltd. on Monday reported sales of $8.1 million for the second quarter ending April 30, a 40 percent increase from the $5.8 million in the same period last year.
Demand for Maxwell Technologies stock ticked up after the company made two financial announcements on June 11.
San Diego-based RF Industries Ltd. recently announced that it has completed the acquisition of Rel-Tech Electronics Inc., a Milford, Conn.-based manufacturer of custom cable assemblies and wiring harnesses, for a purchase price of up to $3.1 million.
The U.S. Navy said on recently that it awarded BAE Systems San Diego Ship Repair a $36.6 million deal for maintenance and upgrade work to an Arleigh Burke-class destroyer, the USS Kidd.
San Diego-based EDF Renewable Energy announced that the 200-megawatt Longhorn Wind Project in Texas recently reached commercial operation.
Northrop Grumman Corp. recently said that it promoted Mick Jaggers to vice president and program manager for its Global Hawk unmanned aircraft system programs.
General Atomics Aeronautical Systems Inc. said on May 29 that it delivered its third unmanned Reaper aircraft to the French Ministry of Defense, less than two months after the contract award. Financial terms of the deal were not disclosed.
The U.S. Navy awarded Carlsbad-based ViaSat Inc. an electronics contract that could be worth as much as $478.6 million over five years, the Pentagon announced on May 28.