San Diego Business Journal

GA-ASI Prepares to Fill a King-Size Contract for Predator B

A $1 billion British order for Predator unmanned aircraft is winding its bureaucratic way toward General Atomics Aeronautical Systems Inc. GA-ASI said it expects to start deliveries to the U.K. Royal Air Force in late 2018.

Navy Awards Raytheon Five-Year Contract

The U.S. Navy awarded Raytheon Co. a five-year deal to provide engineering technical services and field services for specialty radar systems that go on small aircraft such as F/A-18 Hornets, EA-18G Growlers and Harrier jump jets.

Cubic Corp. Closes $10 Million Acquisition of U.K.-Based Tech Firm

Cubic Corp. closed a $10 million acquisition of Vocality, a U.K.-based specialist in secure communications technology, the companies announced on Nov. 30.

AttackIQ Inc. Raises $8.8M in Series A Funding

Sorrento Mesa-based AttackIQ Inc. recently closed $8.8 million in series A funding, the company announced on Nov. 30.

Gov't Orders Vista-Built Scanners in Deal Worth As Much As $66 Million

Leidos — a Virginia corporation with roots in San Diego — said on Nov. 29 that it will deliver 22 of its VACIS X-ray scanners to customs inspectors at various U.S. ports of entry under a new deal that could be worth up to $66 million.

Qualcomm Lines Up $2 Billion in Letters of Credit for NXP Deal

Qualcomm Inc. told securities regulators Nov. 29 that it arranged $2 billion in letters of credit with four banks to help with its acquisition of Netherlands-based NXP Semiconductors N.V.

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NASSCO President Fred Harris to Retire; Kevin Graney Named Successor

Kevin Graney will take over as president of General Dynamics NASSCO on Jan. 1, following the retirement of the shipyard’s longtime president, Fred Harris.

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Gateway Founder Ted Waitt Named Chairman of Salk Institute's Board

The Salk Institute for Biological Studies named computer entrepreneur Ted Waitt as chairman of its board, effective immediately.

Two Local Companies Are Sure Winners at CES in Las Vegas

Two San Diego companies will bask in recognition during the annual consumer electronics show, set for early January in Las Vegas.

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E-Commerce Site Aims to Serve Those Who Serve the Nation

RETAIL: GovX Includes Ticketing Division for Events, Hotel Rooms

GovX Inc. — which recently pulled in $3.7 million in new investment — does not operate a typical e-commerce website.

Kratos Prices Shares of Common Stock Offering

Kratos Defense & Security Solutions Inc. said Nov. 18 that it priced a new offering of 11.67 million shares of common stock at $6 a share.

Qualcomm Begins Cash Tender Offer for NXP Semiconductors' Shares

Qualcomm Inc. said Nov. 18 that it started its tender offer for all outstanding shares of NXP Semiconductors N.V.

Cohu Inc. to Acquire Japanese Manufacturing Company

Cohu Inc. announced plans to acquire Japan-based Kita Manufacturing Co. Ltd., a maker of metal probes used in electronics testing.

Kratos Plans to Sell $50 Million in Stock Offering

Kratos Defense & Security Solutions Inc. said on Nov. 17 that it plans to sell more stock. The corporation plans to sell up to $50 million to fund the company’s high-performance unmanned combat aerial system program, and to pay down debt, CEO Eric DeMarco said via email.

Mission Change Comes With Name Change for Drone

The fiercely named Predator has drawn another humanitarian assignment. General Atomics Aeronautical Systems Inc. announced that it is making a company-owned and operated Predator C aircraft available for humanitarian aid missions.

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Personalization Platform Takes Guesswork Out of E-Commerce

SOFTWARE: Aim Is to Personalize the Experience In a Variety of Ways

There is a reason supermarkets put candy bars and copies of the National Enquirer by the check-out line.

Kratos Gets $17.8 Million Contract for Drones

Kratos Defense & Security Solutions Inc. said on Nov. 16 that it received a $17.8 million contract for target drones.

Qualcomm Announces Joint Venture With China-based Tencent

Qualcomm Inc. announced plans to join China-based Tencent in a videogame and entertainment venture built on mobile communication devices.

ViaSat to Sell 6.5 Million Shares in a Follow-on Offering

ViaSat Inc. announced late Nov. 15 that it has decided to sell 6.5 million shares of common stock in a follow-on offering.

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GA-ASI Makes Unmanned Predator Available for Humanitarian Missions

General Atomics Aeronautical Systems Inc. announced that it is making a company owned and operated Predator C aircraft available for humanitarian aid missions.

ViaSat to Establish Presense in Dublin with Acquisiton of Arconics

ViaSat Inc. has acquired Ireland-based Arconics for undisclosed terms, the company announced on Nov. 14.

Sodhexo Management Picked to Provide Food Service for U.S. Marine Corps

If you’re a Marine, early November is a time for cake. One of the service’s enduring traditions is celebrating its birthday.

Three Small Businesses Selected to Compete for Navy Contracts

Three small businesses have received U.S. Navy contracts to provide commercial industrial services and interior preservation services on Navy ships in San Diego.

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Timothy A. McDonough Named CMO at Forcepoint

Cybersecurity software specialist Forcepoint has named Timothy A. McDonough chief marketing officer. McDonough started in the new job Nov. 7.

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Updated Jet-Powered Predator Aircraft Makes Virgin Flight

A new, larger model of General Atomics Aeronautical Systems Inc.’s Predator C Avenger aircraft made its first flight on Oct. 27, the company said Nov. 10.

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AI Is On Board for Netradyne Inc.’s Fleet Monitoring Vision

TECH: System Can Estimate Traffic Speeds And Spot Pedestrians

For a long time, several tech companies serving the transportation industry have made San Diego their home. The common threads running through their businesses are video cameras and trip data. A camera in the cab of a big rig provides an extra set of eyes on the driver, the road and everything going on around them.

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Mobile Verify Brings Identification Process Up to Speed

The world can be a pretty bad place, but a crackdown on shadowy exchanges of money could be a good thing for Mitek Systems Inc.

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Zesty Taps Rich Vein of Influencer Content

Five years of bootstrapping and a recent $1 million funding round have put Zesty.io Inc. in a pretty good spot.

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Co. Gives Polar Bears Some Air Support

TECH: Northrop Contest Takes on Climate Change

For short stints this summer and fall, engineers at Northrop Grumman Corp. set aside their defense-contract work and took up a different fight.

Navy Awards Two Contracts to BAE Systems Ship Repair

The U.S. Navy sent BAE Systems Ship Repair a pair of big contracts this week.

Year-Over-Year Q2 Income More Than Doubles for ViaSat Inc.

ViaSat Inc. reported net income of $11.0 million on revenue of $399.2 million in its second quarter of fiscal 2017, which ended Sept. 30. The business revealed its earnings Nov. 8.

TPT Global Tech Adds Another Acquisition: San Diego Media Inc.

TPT Global Tech Inc. said Nov. 7 that it recently completed its acquisition of San Diego Media Inc. Financial terms of the deal were not disclosed.

Qualcomm Signs Licensing Agreement With China-Based Co.

Qualcomm Inc. has signed an agreement with Preh GmbH to license its wireless electric vehicle charging technology, the San Diego company said on Nov. 8. Financial terms of the deal were not disclosed.

Maxwell Technologies Inc. Posts Q3 Net Loss of $6.9 Million

Maxwell Technologies Inc. — which makes energy-storage electronics called ultracapacitors, and relies heavily on a customer base in China — reported a third quarter net loss of $6.9 million on revenue of $25.5 million.

MaxLinear Inc. Reports Q3 Net Income of $9.7 million

MaxLinear Inc., the Carlsbad microchip maker, reported net income of $9.7 million on revenue of $96.3 million in the third quarter. In the same quarter one year ago, MaxLinear (NYSE: MXL) reported dramatically less net income — $1.6 million — though revenue was 1 percent lower, at $95.2 million.

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Novatel Wireless Changing Name to Inseego Corp.

Novatel Wireless, which has been working for years to make itself profitable, most lately by acquiring and selling business units, said on Nov. 3 that it is changing its name to Inseego Corp.

Mad Catz Interactive Reports Net Income of $4.1 Million

By selling part of itself, videogame peripheral maker Mad Catz Interactive Inc. made it into the black for its second quarter.

SDMAC: Military Grows to 20 Percent of Local Economy

DEFENSE: Annual Report Shows Sector Has Greater Impact Than Tourism

San Diego no longer looks like the military town it was at mid-century, when Horton Plaza was full of sailors, when the Consolidated plant on Pacific Highway turned out military aircraft and when giant radio antennas dominated neighborhoods.

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Qualcomm Acquisition Broadens IoT Focus

TECHNOLOGY: NXP Buy Opens New Doors for Chipmaker

A big acquisition — one worth $47 billion — has the potential to give Qualcomm Inc. a broader focus and much more heft. Qualcomm (Nasdaq: QCOM) seemed to be resisting the semiconductor industry’s urge to pursue big acquisitions but finally revealed that it’s in the chase, too.

Kratos Reports Q3 Net Revenue of $165.4 Million

Kratos Defense & Security Solutions Inc. reported a GAAP net loss of $23.6 million, or 39 cents per share, on revenue of $165.4 million during its third quarter, which ended Sept. 25.

UC San Diego Extension to Offer Coding Boot Camp

A big name in higher education is getting into a hot, business-oriented space: coding boot camps.

Qualcomm Inc. Beats Estimates, Reports Q4 Net Income of $1.6 Billion

Wireless technology specialist Qualcomm Inc. reported net income of $1.6 billion on revenue of $6.2 billion in its fourth quarter, which ended Sept. 25.

Navy Awards Northrop Grumman Corp. $10.4 Million Contract

The U.S. Navy awarded Northrop Grumman Corp. a $10.4 million contract modification to produce one additional Fire Scout unmanned helicopter, using 2017 funds. The larger of the two Fire Scout models, the MQ-8C is a Bell model 407 helicopter modified to operate autonomously. One third of the work will be performed in San Diego.

Navy Awards Contract Worth $83 Million to NASSCO

General Dynamics NASSCO received a U.S. Navy contract to provide depot-level maintenance to the USS Boxer.

GovX Inc. Receives Equity Investment of $3.7 Million

E-commerce business GovX Inc. received an equity investment of $3.7 million in mid-October.

Grant Will Help Maritime Alliance Promote Export Opportunities From Local BlueTech Cos.

San Diego may have a big export opportunity in ocean-related technology, and is gaining a leadership role.

Cubic Receives $12.7M Contract From Atlanta Rapid Transportation Authority for Fare Services

Cubic Corp. said it received a two-year, $12.7 million contract extension from Atlanta’s rapid transit operator for automated fare collection maintenance services.

Cohu Inc. Reports Q3 Net Sales of $69.3 Million

Poway-based Cohu Inc. reported net income of $269,000 — a penny a share — on net sales of $69.3 million during its third quarter, which ended Sept. 24.

Qualcomm Confirms $37.9 Billion Purchase of NXP Semiconductors

Confirming weeks of rumors, Qualcomm said it plans to acquire publicly traded NXP Semiconductors N.V. for $110 per share in cash, or about $37.9 billion.

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Private ‘Conversations’

MedCrypt Aims to Take Dangers Out Of Medical Device Communications

Medical devices, like anything else hooked to the internet, can offer a convenient door for intruders wanting to enter a device or an entire hospital network. Responding to the hacker threat, a bicoastal startup called MedCrypt is building a business on medical device security.

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