Flux Power Holdings Inc. reported a net loss of $2.92 million on revenues of $2.7 million for the second quarter of its fiscal year. Revenue grew 126 percent from the same quarter last year, when Flux had $1.2 million in sales.
SPAWAR Systems Center Pacific, the U.S. Navy’s electronics lab complex on Point Loma, has changed its name to Naval Information Warfare Center Pacific.
Sempra Energy said on Feb. 12 that it has agreed to sell its wind generation assets to American Electric Power for $551 million in cash. It's part of a wider effort to divest of its generation and natural gas storage assets.
Sempra Energy is poised to start production on the first unit of its Cameron liquefied natural gas (LNG) export plant in southern Louisiana. Separately, Sempra announced on Feb. 7 that it completed the sale of its non-utility natural gas storage assets to ArcLight Capital Partners for $328 million in cash.
GIVING: They Prepare By Improving Connections With Donors, Cutting Debt
The bitter experience of the Great Recession sticks in the minds of the people running San Diego’s nonprofit organizations.
Philanthropists, Donors Deliver Needed Dollars for Cultural Institutions
Like other cultural spots in San Diego, Balboa Park is built atop civic support, exists on revenue from admissions and programs — but only flourishes with the help of charitable giving.
Satellite communications specialist Viasat Inc. reported a net loss of $10.4 million, or 17 cents per share, on total revenues of $554.7 million during its third quarter, which ended on Dec. 31. The Carlsbad-based corporation reported “exceptional performance” that set revenue records for its three business segments.
The U.S. Navy commissioned its futuristic Zumwalt-class destroyer, the USS Michael Monsoor, with traditional ceremonies that included a 19-gun salute in late January.
Cubic Corp. reported a net loss of $6.6 million or 23 cents per share on net sales of $305.3 million during the quarter ended Dec. 31. The Kearny Mesa-based corporation — which specializes in transportation and defense technology — reported its financial results on Feb. 6.
Viasat said it has reached an agreement with the Italian airline Neos S.p.A. to provide in-flight Wi-Fi connectivity to Neos’ fleet of Boeing 787 Dreamliner aircraft. Financial terms of the deal, announced Feb. 5, were not disclosed.