San Diego Business Journal


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

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Novatel Sees Machine-to-Machine Market Building

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.

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Stillings Joins the Board of Directors of Sustainable Surplus Exchange

Irene Stillings, recently retired executive director of the California Center for Sustainable Energy, has joined the board of directors of the Sustainable Surplus Exchange.

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Kratos Receives $5.2M Order From Government

Kratos Defense and Security Solutions Inc. recently received a $5.2 million order for unspecified blast-resistant and hardened products.

Cadence to Be Acquired in $1.3B Cash Deal

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.

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Group 1 Automotive Buys Escondido Dealership

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 Receives Conditional Approval to Export Liquefied Natural Gas From Louisiana Facility

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 Plans to Merge With Missouri Sports, Utility Products Company

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.

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Kratos Defense Deal Could Be Worth $29.6 Million

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.

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Sony Selling Vaio as Part of Major Restructuring

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 Reports Net Loss of $566,000 in Q3

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.

S.D. Seeks to Improve Export Performance

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.