San Diego Business Journal


Recent and archived news stories on: Aerospace, Agribusiness, Chemicals, Electronics, Energy, Fabrication, Industrial, Plastics, Textiles...
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Cubic Completes Acquisition of Intific

Cubic Corp. has completed the acquisition of Intific Inc., an Austin, Texas-based advanced technology company focused on software and game-based solutions in modeling and simulation, training and education, cyber warfare, and neuroscience.

Part of Lockheed Martin Work on New Navy Ship to Be Done in San Diego

The U.S. Navy has awarded Lockheed Martin Corp. a $10.8 million contract option covering the post-delivery support for one of its new ships, the future USS Milwaukee.

Contract Options Awarded Include Work at Naval Air Station North Island

The U.S. Navy’s Naval Air Systems Command has awarded contract options to four businesses, which will provide services at command headquarters at Patuxent River, Md. as well as outlying locations including Naval Air Station North Island.

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Sempra Reports 2013 Net Income of $1 Billion

Sempra Energy, parent of San Diego Gas & Electric and other subsidiaries, reported full year 2013 net income of $1 billion, compared with net income of $859 million in 2012.

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Qualcomm’s Snapdragon 801 to Power Samsung’s Galaxy S5 Smartphone

Qualcomm Inc. said its Snapdragon 801 processor is powering Samsung’s newest flagship smartphone, the Galaxy S5.

General Dynamics Defense Deal Could Be Worth $250.1 Million

General Dynamics Corp. said that its Advanced Information Systems unit received a subcontract that could be worth as much as $250.1 million over 10 years if its U.S. Navy customer exercises all options.

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Karl Strauss Holding Job Fairs as Remodeling Changes Staffing Needs

Karl Strauss Brewery’s Sorrento Valley site is undergoing a remodel, triggering the layoff of 67 employees last month.

Supplier Forum Is Opportunity for Local Businesses to Make Big Connection

The Otay Mesa Chamber of Commerce and the San Diego Center for International Trade Development will host a supplier forum March 6 in Chula Vista featuring Medtronic, a $16 billion medical technologies company based in Minneapolis.

Pulse Electronics Achieves Debt Management Agreements

Pulse Electronics Corp., a San Diego based maker of electronic components, reached agreements with its debt holders that reduces its debt and the funds needed for debt repayment, the company said.

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Pentagon Proposal Favors Northrop Grumman’s Global Hawk Over U-2 Spy Aircraft

In a surprise twist, the Pentagon has proposed retiring the U-2 high altitude spy aircraft in favor of the unmanned Global Hawk, a San Diego product.

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Sempra Increases Annual Dividend 4.8%

Sempra Energy, the San Diego holding company for San Diego Gas & Electric and other subsidiaries, said its board of directors approved a 4.8 percent increase in the annual dividend it pays to shareholders to $2.64 per share from the prior dividend of $2.52 per share.

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GA-ASI Nabs $94M in Contract Modifications

The U.S. Army awarded General Atomics Aeronautical Systems Inc. two contract modifications worth $94.3 million.

What’s Next Move for World Trade Center S.D. After Relocating?

TRADE: Amid Financial Strain, Move to University Keeps Organization Open

World Trade Center San Diego is moving to a new home at San Diego State University, but how long it stays there or continues is unclear.

Defense Contract Could Be Worth $35M for Leidos Inc.

Leidos Inc., one of the two companies created with the 2013 split of SAIC, said on Feb. 20 that it received software work from the U.S. Strategic Command that could be worth as much as $35 million if the government exercises all of its options.

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Cubic Corp. Announces Dividend

Cubic Corp. said that it will pay out a semiannual dividend of 12 cents per share March 14.