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The U.S. Army awarded General Atomics Aeronautical Systems Inc. two contract modifications worth $94.3 million.
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.
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.
Cubic Corp. said that it will pay out a semiannual dividend of 12 cents per share March 14.
Novatel Wireless Inc., the San Diego maker of wireless modems and software, said it received purchase orders of about $7 million and also executed a supply agreement with an initial order totaling $8.2 million to provide its systems to a range of customers spanning the after-market telematics, commercial telematics, and remote management and control markets.
Irene Stillings, recently retired executive director of the California Center for Sustainable Energy, has joined the board of directors of the Sustainable Surplus Exchange.
Kratos Defense and Security Solutions Inc. recently received a $5.2 million order for unspecified blast-resistant and hardened products.
Pharma: Irish Drug Maker Attracted by Sales Of Pain Relief Medication
San Diego-based Cadence Pharmaceuticals Inc. is being acquired by Irish specialty drug maker Mallinckrodt PLC for $1.3 billion.
Houston-based Group 1 Automotive Inc. has purchased the Heller Ford Hyundai dealership in Escondido, which included the $8 million purchase of two retail buildings on the lot, according to CoStar Group and public data.
Sempra Energy received conditional authorization from the U.S. Department of Energy to export liquefied natural gas, from the facility it is building in Louisiana, to countries with — and those without — a free trade agreement with the United States.
Frozen Food Gift Group Inc., a San Diego public company in the process of diversifying its portfolio, said it signed a letter of intent agreement to merge with APT Group Inc., a Kansas City, Mo.- based maker of utility and sports products.
Kratos Defense and Security Solutions Inc. said on Feb. 11 that it will provide the U.S. Navy with certain systems and services for unmanned drones.
Sony Corp. said it’s selling its Vaio personal computer business to Japan Industrial Partners, a Japanese investment fund, for an undisclosed sum, as part of a massive restructuring of the company that will cost about 5,000 jobs worldwide.
Mad Catz Interactive Inc., a San Diego maker of computer game peripherals, reported a net loss of $566,000 on net sales of $32.9 million in its third quarter, which ended Dec. 31.
TRADE: Plan Is to Leverage Area Advantages, Mentor Cos.
San Diego ranks as the eighth-largest city in the nation and the 17th-largest in terms of gross regional production, but when it comes to exports, it comes in a dismal 55th.