Sempra Energy announced on Dec. 13 that it wrapped up its sale of U.S. solar assets to Consolidated Edison for $1.6 billion in cash.
Kratos Defense and Security Solutions Inc. said on Dec. 12 that it is a subcontractor to Space Vector Corp. on a rocket project that may last up to seven years. The financial implications to Kratos (Nasdaq: KTOS) were not immediately clear.
2020 will be the end of an era as manufacturing at Chula Vista’s major aerospace plant — now overseen by the Collins Aerospace unit of United Technologies Corp. — winds down.
Viasat Inc. has entered an agreement with Sandler Partners that will let Sandler resell the Carlsbad company’s satellite internet service to business customers. Financial terms of the deal were not disclosed.
SERVICE: Satellite Imagery Helps Detect General Location
The drinking water flows from a source in the mountains to the customer’s tap, but somewhere in the sprawling network of pipes, part of it disappears.
Mission Federal Credit Union has named Jojo Seva as its chief information officer, making the announcement on Dec. 10. Seva is a recognized leader in core banking system technology, artificial intelligence, enterprise digital transformation and information security.
The U.S. Navy awarded BAE Systems San Diego Ship Repair in Barrio Logan a $78.8 million fixed-price contract to maintain, modernize and repair the USS Shoup.
RF Industries, which makes specialized electronic connectors, said it increased annual sales 87 percent in the recently ended fiscal year. Fiscal 2018 sales were approximately $58 million, compared to $31 million in fiscal 2017.
Defense Secretary James Mattis called for continued, robust defense spending during a Dec. 1 appearance at the Ronald Reagan Presidential Library in Simi Valley, and appealed for help from California’s advanced technology sector. I
The U.S. Air Force, acting on behalf of the French Air Force, awarded General Atomics Aeronautical Systems Inc. a one-year, $26.7 million contract for logistics support for France’s MQ-9 Reaper remotely piloted aircraft.
Viasat Inc. reported Dec. 4 that the U.S. Army has certified one of the company’s modems — the Mobile Broadband Router 4020 — for use on the military’s Wideband Global SATCOM network.
Qualcomm Inc. and Nokia announced they passed another milestone on the road to commercializing fifth-generation wireless service — or 5G — by early 2019. Service is contemplated in the United States, Europe, South Korea, Japan, China and Australia.
NASA announced on Nov. 29 that nine teams will be able to bid for work under its Commercial Lunar Payload Services program. General Atomics is part of the team led by Draper.
DEFENSE: BACN Potentially Worth $4.7B For Battlefield Management
An essential communications conduit on the battlefield in Afghanistan. A multibillion-dollar business opportunity. And a channel for fraud. A defense electronics project run out of Northrop Grumman Corp.’s San Diego offices has proven to be all three, and like a character in a novel, it presents a multifaceted and complicated profile.
Another European country is getting in line to buy aircraft from General Atomics Aeronautical Systems Inc. The Poway business said Nov. 19 that the Belgian government wants to begin negotiations on a purchase.
Made in America? That seems to be an old-fashioned idea. The assertion that the United States imports more than it exports seems to hold true when consumers look at their clothes hampers or their electronic gadgets.
Cubic Corp. priced a follow-on offering of 3.3 million shares of common stock at $60 per share, announcing the move late Nov. 28. Cubic plans to use proceeds to pay for its acquisition of Trafficware.
MaxLinear Inc., a fabless semiconductor company based in Carlsbad, increased the size of its board and named two new directors, Daniel Artusi and Carolyn Beaver.
The U.S. Air Force awarded Northrop Grumman Corp. a $490 million contract to build three Global Hawk autonomous spy aircraft for Japan under a foreign military sale.
AUTOS: New Car Report Shows Toyota And Honda Top Sellers
Electric vehicles are making inroads in San Diego County.
Cubic Corp. announced on Nov. 26 that it plans to make a follow-on offering of 3.3 million shares of common stock, partially to pay for its October acquisition of Trafficware.
ScaleMatrix, a San Diego-based data center company and provider of colocation services, launched a partnership with Hewlett Packard Enterprise (HPE) on Nov. 13.
Cubic Corp. scored big wins in fiscal 2018, pulling down contracts for mass-transit fare collection systems in New York, Boston, the San Francisco Bay Area and Brisbane, Australia.
SERVICE: Contractors Play Big Role in $30B Market
Sayed Ali’s face is something to behold. Ten seconds ago, a reporter asked him for the most obscure language his business deals in. Taking a few steps through his Scripps Ranch office, he stops at a low cubicle wall and consults the woman on the other side.
FINANCE: Banks Back Efforts; Infrastructure and Housing Part of the Plans
Many years into the future, when out-of-town visitors decide they want to grab a great bowl of pho, they may head en masse to San Diego’s Little Saigon district — just as today’s tourists go to Little Italy for pasta.
With its sawtooth roofline and its big, multipaned windows, the old Consolidated aircraft factory looks like something from a black-and-white movie. The U.S. Navy, which owns it, thinks the 48.7 acres beneath it could go to a better use. The same goes for 21.8 acres nearby holding a warehouse and parking lot.
Rancho Bernardo-based LRAD Corp. said it received a $3.2 million order from the National Guard for an undisclosed number of 100X MAG-HS kits, one of its high-decibel sound systems able to send intelligible communications over very long distances.
Forecast 3D liked its new, industrial-sized printing machines so much, it got more.
General Atomics Aeronautical Systems Inc. announced it has reached a deal to provide its MQ-9 unmanned aircraft to Australia. GA-ASI builds its Predator family of aircraft in Poway.
Cubic Corp. closed out its 2018 fiscal year reporting annual net income of $12.3 million on record net sales of $1.2 billion. It said it expects sales to grow in fiscal 2019.
San Diego County stands to get approximately $450 million worth of work from the Pentagon’s latest order for F-35 Lightning II aircraft, also known as the Joint Strike Fighter. The main beneficiary is Northrop Grumman.
PRODUCTION: Battery Maker Increases Revenue, Monitors Tariff Situation
Like any good salesman, J.D. Johnson reacted when he heard on the early morning news that Lime was having trouble with its scooter batteries.
San Diego-based Calpine Energy Solutions LLC received a three-year, $67.3 million contract to deliver retail electricity and ancillary services to U.S. Navy bases in Illinois, Pennsylvania, Maryland and California.
Kaer Biotherapeutics of Escondido received a $2 million grant from the National Institutes of Health to help develop a device for people who can't breathe.
Bridgepoint Education Inc., the San Diego company specializing in postsecondary education, reported net income of $4.3 million on revenue of $114.9 million during the third quarter.
DEFENSE: Study Forecasts Additional 3.7% Growth In Fiscal 2019
Sailors and Marines. Ships, aircraft and military machinery. That is San Diego, yesterday and today.
With a third-quarter net loss of $9.7 million on revenue of $33.7 million, ultracapacitor-maker Maxwell Technologies Inc. hopes a changing business model means better times ahead.
DEFENSE: Knowing Inside Machinations Helps in Planning
Every year, San Diego defense and aerospace companies spend six-figure sums on lobbyists, who represent their clients before government leaders in Washington, D.C.
ENERGY: With Most All Moves Regulated, Co. Weighs In on Issues
Lighting San Diego’s homes. Moving electricity around California and Texas. Sending natural gas through pipelines. Building infrastructure to export liquefied natural gas to foreign ports. Those are only part of what Sempra Energy does to stay in business.
Sempra Energy reported earnings of $274 million, or 99 cents per share, on total revenues of $2.94 billion in the third quarter of 2018. It also announced new customers for its liquefied natural gas (LNG) export business.
Kratos Defense and Security Solutions Inc., which builds electronics and drones, reported net income of $1.7 million, or 2 cents per share, on total revenues of $159.4 million in the third quarter.
Viasat Inc. has given UC San Diego’s Design Lab $250,000 to support the lab’s Center for Design-Driven Transformation. The center, in turn, will help Viasat transform its business processes.
Cohu Inc. reported net income of $4.8 million or 16 cents per share on net sales of $86.2 million during the third quarter. The Poway based corporation also offered an update on its acquisition of Massachusetts-based Xcerra.
Growth in seven states helped push San Diego-based Guild Mortgage Co. ahead of its peers during the first three quarters of 2018. Total volume grew 9.3 percent to $12.75 billion.
Viasat Inc. plans to deliver artificial intelligence and machine learning to soldiers on the battlefield. The question I had was why.
Arcimoto Inc., which produces three-wheeled electric vehicles capable of carrying two people, said it plans to open a rental location, showroom and charging station at 630 10th Avenue in downtown San Diego.
Viasat Inc. saw its second quarter revenue grow to $517.5 million from $393.1 million in the same quarter one year ago, an increase of 31.6 percent. Shares rose 11 percent.
PRODUCTION: 3-D Printers Used in Work, Experimentation
The old image of manufacturing — of wrenches and grubby factory floors — needs a reboot.
RF Industries Ltd., the Miramar area manufacturer that specializes in electronic interconnect products, said Oct. 31 that it sold its Comnet Telecom Supply subsidiary for $4.2 million in cash.
Kratos Defense and Security Solutions Inc. said on Oct. 30 that it received a sole-source contract for C5ISR equipment worth approximately $40 million. The military abbreviation stands for command, control, communications, computing, combat, intelligence, surveillance and reconnaissance.