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.
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.
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.
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.
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.
Kratos Defense and Security Solutions Inc. received a contract to produce satellite communications equipment for Tokyo-based SJC, also known as SKY Perfect JSAT Corp., for undisclosed terms.
Carlsbad-based Viasat said it has contracted with Hawthorne-based SpaceX to launch the first of its ViaSat-3 satellites. Financial terms of the deal were not disclosed.
The U.S. Navy awarded Huntington Ingalls Industries a $44.8 million contract for shipyard work to the USS O’Kane, an Arleigh Burke-class destroyer.
Grace Lee will take the post of chief human resources and diversity officer at Cubic Corp. on Oct. 29.
BUILDING: Electrical Contractor Had 2017 Revenue of $624 Million
It might not sound all that appealing, but for an electrical contractor, a wastewater treatment plant is a thing of beauty.
Northrop Grumman Corp. is seeing growth in its Triton unmanned aircraft program.
The city of San Diego intends to become an alternative energy provider to meet its goal of getting 100 percent of its energy from renewable sources by 2035. SDG&E said it does not anticipate any material impact to its financial results.
The coming of autonomous vehicles, as well as vehicles connected by radio, is a big deal for McCain Inc.
Cubic Corp. said on Oct. 24 that it acquired Advanced Traffic Solutions Inc. of Sugar Land, Texas for $235.7 million in cash.
TECH: San Diego Co. Is Turning Away Work, But Still Making Acquisitions
Jim Cable is back for another go-round as chief executive of PSemi Corp., the semiconductor unit of Japan-based Murata Manufacturing Co. Ltd.
Gonzales will be in charge of the office’s strategic direction and growth, and will oversee nearly 270 professionals and partners in San Diego.
Who Will Follow in the Philanthropic Footsteps Of Those Who Have Given So Much to San Diego?
That person is out there: San Diego’s next big donor, who will put a name on a major civic, arts or university building.
General Atomics said it received a contract from the U.S. Special Operations Command to deliver prototype lithium-ion battery systems for manned submersibles. The company is supplying what it calls LiFT, or lithium-ion fault-tolerant battery systems.
UC San Diego Health said it received a $25 million pledge from the Wertheim Family Foundation to fund a public health initiative at the university.
San Diego-based Seacoast Commerce Bank reported net income of $3.47 million in the third quarter of 2018. The figure is up 144 percent from the third quarter of 2017, when net income was $1.43 million.
After acquiring most of Dallas-based Oncor earlier this year, San Diego-based Sempra Energy wants to build on its investment in Texas with an investment totaling more than $1 billion in publicly traded InfraREIT.
DEFENSE: Viasat Gets System in Hands Of Troops in 17 Months
Viasat Inc. did not take the conventional path to developing the handheld radio known as BATS-D, which soldiers on the ground use to call in airstrikes on enemy positions.
Viasat Inc. said on Oct. 15 that its in-flight satellite connectivity equipment will be a factory-installed option in Gulfstream G280 business jets.
DEFENSE: Particle Separator May Save Filters and Engines
Lily Aragon’s company has Southern California written all over it.
The U.S. Navy issued a preliminary contract that will let General Dynamics NASSCO build a sixth in a series of ships for expeditionary warfare.
Kratos Defense & Security Solutions Inc. said on Oct. 15 that it has licensed its Common Data Link radio technology to Harris Corp. for use in Harris’ handheld NanoSVDL radios.
Sempra Energy, working in conjunction with an activist investor group, named Cynthia L. Walker and Michael N. Mears to its board of directors on Oct. 11.
Connecticut-based Planet Home Lending LLC announced on Oct. 11 that it has opened a branch office in Chula Vista’s Eastlake district.
The usual deluge of contract awards came with the end of the Pentagon’s fiscal year.