San Diego Business Journal

General Dynamics Nassco Awarded $31.8 Million Navy Contract

The U.S. Navy awarded a $31.8 million contract to General Dynamics Nassco to perform post-shakedown work on one of its newest ships, the USS America.

Turtle Beach Corp. Issues $5M Subordinated Note to Its Controlling Shareholder

Headphone and headset maker Turtle Beach Corp. said on April 23 that it issued a $5 million subordinated note to its controlling shareholder, SG VTB Holdings LLC, an affiliate of Stripes Group LLC.

Maxwell Technologies Stock Dipped on the Day After the Announcement of $10M Follow-On Offering

Shares of Maxwell Technologies fell almost 12 percent on April 24, the day after the company announced it planned to sell $10 million in stock in a follow-on offering.

The Cutting-Edge of The Spear: DARPA

DEFENSE: Research Vital To Military, Businesses

DARPA likes to think big. And executives in the defense world — people such as David Bruemmer — like to know what the customer is thinking.

Qualcomm Sticks to Its Script, Despite Critics

TECH: It Reviews Costs, Builds Medical Portfolio

2015 might be the year that Qualcomm Inc. stops its relentless year-over-year growth. But what looks like a decline to some observers might merely be a metamorphosis.

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3-D Printing Is Beginning to Spread Its Wings Locally

PRODUCTION: From Tissue to Aircraft Parts, Process Shows Promise

Katie Rast uses the word “powerful” when she talks about 3-D printing. In her eyes, the technology has all sorts of potential.

Even in Texas, the Big Moves Keep Coming at Websense

How do you make a San Diego tech company all the more attractive for acquisition?

App and the Box: Piggyback Repackages Delivery Service

TECH: Company Sees Crowdshipping as An Evolving Business

John Renison admits that he doesn’t know all there is to know about computer code. What he does know, intimately, is the industry that he hopes to shake up.

Turtle Beach Issues $5M Subordinated Note to Its Controlling Shareholder

Headphone and headset maker Turtle Beach Corp. said on April 23 that it issued a $5 million subordinated note to its controlling shareholder, SG VTB Holdings LLC, an affiliate of Stripes Group LLC.

Callaway Golf Reports Q1 Net Income of $35.8 Million

Carlsbad-based Callaway Golf Co. reported net income of $35.8 million on net sales of $284.2 million for the first quarter of 2015.

Maxwell Technologies Plans to Sell $10 Million of Stock in Follow-On Offering

Maxwell Technologies Inc., a maker of heavy-duty capacitors for the transportation industry, said on April 23 that it planned to sell $10 million of stock in a follow-on offering.

Achates Power Opens Office in Detroit

Achates Power Inc., which is developing new diesel engine technologies at its Sorrento Valley headquarters, has opened an office in the Detroit metro area.

Qualcomm Posts Q2 Net Income of $1.05 Billion

Qualcomm Inc. reported net income of $1.05 billion, or 63 cents per share, on revenue of $6.9 billion during its second quarter, which ended March 29.

General Dynamics Nassco Gets One-Year Navy Contract Worth $24.2M

The Pentagon announced April 21 that the U.S. Navy awarded General Dynamics Nassco a one-year, $24.2 million contract to sustain Littoral Combat Ships in the port of San Diego.

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Retired Rear Admiral Jan Hamby Named to Cubic Board

Cubic Corp. announced on April 20 that it named Jan Hamby to its board of directors.

Cyber Security Focus of Three-Day Symposium

Military communications and cyber security take center stage during the C4ISR Symposium, set for April 27-29 at the Liberty Station Conference Center in Point Loma.

County's March Unemployment Rate Is 5.1%

San Diego County’s unemployment rate hovered close to pre-recession levels in March, reaching 5.1 percent, down from 7.1 percent one year ago, according to preliminary data released by the state.

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Northrop Grumman Corp.’s X-47B Is Flying Into Its Sunset

Northrop Grumman Corp.’s X-47B carrier-based drone is ending its service life with an aerial refueling exercise, though when that last flight will be was not immediately clear on April 17.

Company Knows the Score When It Comes to High School Sports

SPORTS: App Lets Fans Cover Games, Enjoy Friendly Rivalries

A Solana Beach app developer that offers play-by-play details of high-school sporting matches recently got some resources to expand the business — and some validation, as well. Doubtless the people at ScoreStream Inc. found it as welcome as a cool drink after a football drill under the late summer sun.

Activist Investor Pushes for Changes at Qualcomm

TECH: Company Confident In Its Corporate Structure

Qualcomm Inc. faces several chances to increase shareholder value, New York-based JANA Partners LLC said in a letter to shareholders on April 13, noting at one point that the San Diego company could profitably sell its chip-making segment.

GA Handles a Tall Order for Fusion Experiment

ENERGY: Huge Electromagnet To Play Key Role in Program

In the world of specialty manufacturing, this is about as specialized as you get.

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Soiling Its Reputation

ECONOMY: Sea Lion Waste Wreaks Havoc on La Jolla Cove Businesses

The Goldfish Point Café enjoys a unique location with foot traffic that most businesses would envy: The world-famous La Jolla Cove draws in tourists every day.

March Unemployment Rate for County is 5.1%

San Diego County’s unemployment rate hovered close to pre-recession levels in March, reaching 5.1 percent, down from 7.1 percent one year ago, according to preliminary data released by the state.

ViaSat Awarded $12.3 Million Navy Contract

The U.S. Navy said it has awarded Carlsbad-based ViaSat Inc. a three-year, $12.3 million contract to repair MIDS radios used on various aircraft platforms.

Navy Awards $25.3 Million Deal to RQ-Bert Joint Venture

The U.S. Navy awarded the RQ-Berg Joint Venture of Carlsbad a $25.3 million deal to upgrade the infrastructure at Camp Wilson at the Marine Corps Air Ground Combat Center in Twentynine Palms. Navy planners expect the work will take two years.

Google Executive Joins Novatel Leadership Team

An executive search led Novatel Wireless Inc. to Google. The San Diego company said on April 15 that it hired a Google Inc. (Nasdaq: GOOG) executive to be its new executive vice president of sales and marketing.

Program Examines Military's Future in San Diego

Citizens Coordinate for Century 3 will offer a look at the military in San Diego as part of its Breakfast Dialogue program series.

Investor Suggests Ways Qualcomm Can Increase Its Value

Qualcomm Inc. faces several chances to increase shareholder value, New York-based JANA Partners LLC said in a letter to shareholders on April 13, noting at one point that the San Diego company could profitably sell its chip-making segment.

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ViaSat Increases Its Board of Directors to 8, Names New Director

ViaSat Inc. said on April 8 that it increased the size of its board to eight directors, and appointed Frank Biondi Jr. to the new additional seat.

Glitch Doesn’t Dent Navy’s Confidence in New Catapult

The U.S. Navy’s new electromagnetic aircraft catapults, made by San Diego-based General Atomics, will need some fine-tuning before they launch anything off of an aircraft carrier deck. The catapults are going onto the USS Gerald R. Ford — which is scheduled to join the fleet in spring 2016 — and aircraft carriers that come after it.

With This Software, Many Voices Can Speak as One

TECH: Data From Old, New Devices Can Communicate

Like people, machines speak different languages. Chad Trytten is building a business on the proposition that they can all speak together.

Port Commissioners to Meet to Discuss Hiring CEO

The Board of Port Commissioners of the San Diego Unified Port District has scheduled two closed session meetings, on April 10 and 11, to discuss the appointment of a new president, chief executive officer and executive director.

Michelle Sterling Named Executive VP for Human Resources at Qualcomm

Qualcomm Inc. said it has named Michelle Sterling as executive vice president of human resources, effective May 4.

Cubic Gets $6 Million Contract from New Zealand

Cubic Corp. said on April 8 that it received a contract worth more than $6 million from the government of New Zealand to design, supply and install a weapons training range.

Qualcomm Declares Dividend of 48 Cents Per Share

Qualcomm Inc. declared a dividend of 48 cents per share on April 8.

Kyriba Receives $21 Million in Series C Funding

Kyriba Corp. said on April 7 that it received $21 million in series C funding.

U.S. Army Awards $24 Million Contract to Cox Construction

Vista-based Cox Construction Co. received a $24 million U.S. Army contract to put up a building in Orange County. The Army Reserve Center in Tustin will include a training building for the 600-member unit, an organizational maintenance shop and a storage building.

Deadline Set for QPrize Competition

Qualcomm Ventures set a July 10 deadline to apply for its annual QPrize international seed investment competition.

Navy Awards Lockheed Martin $8.3 Million Contract

Lockheed Martin Corp. received an $8.3 million contract to provide one year of planning and support for two U.S. Navy Littoral Combat Ships, the USS Freedom and USS Fort Worth. Half of the work will be done in San Diego, the other half in New Jersey.

General Atomics ASI Announces Three Defense Deals

General Atomics Aeronautical Systems Inc. of Poway received two contract modifications, worth $47.7 million and $14.8 million, from the U.S. Army for the acquisition of ground equipment for unmanned aircraft.

Tech Innovators Are Sought for Accelerator Program

hrough the years, the people at the U.S. Navy lab on Point Loma have dreamed up all sorts of advanced and imaginative technologies. Their ideas include a radio antenna made from a stream of seawater, and a high-velocity spherical microbot.

General Atomics ASI Announces Army Contracts

General Atomics Aeronautical Systems Inc. of Poway received two contract modifications, worth $47.7 million and $14.8 million, from the U.S. Army for the acquisition of ground equipment for unmanned aircraft. Work will take place over the next two years. The Army Contracting Command at Redstone Arsenal, Ala. awarded the deals, announced April 1 and 2.

Inventor Is Looking to Take ‘Selfies’ to Some New Heights

Tyler McGahee may be on to something with the selfie drone.

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New Dry Dock Sign of Navy’s Pivot to Pacific

DEFENSE: More Ships, Jobs And Defense Work Are Likely

BAE Systems Ship Repair is buying a new, larger dry dock for its Barrio Logan yard, and company officials said they plan to increase the yard’s workforce by as many as 500 people over five years.

Tech Innovators Sought for Accelerator Program

Through the years, the people at the U.S. Navy labs on Point Loma have dreamed up all sorts of advanced and imaginative technologies. Their ideas include a radio antenna made from a stream of seawater, and a high-velocity spherical microbot. Now the Navy and some private sector partners are looking for a few good entrepreneurs to take those technologies to the commercial market.

General Dynamics Nassco Gets $61.8 Million Navy Award

General Dynamics Nassco said on April 2 that it made the initial cuts of steel on the third ECO tanker to be built for American Petroleum Tankers.

Region's Economy Continues Upswing, USD Index Shows

The University of San Diego economic index rose for the ninth straight month in February, with six out of six components advancing for the second month in a row.

SmartDrive Systems Raises $50 Million in Venture Funding

SmartDrive Systems said on March 30 that it raised $50 million of additional venture funding.

Novatel Wireless Acquires Oregon-Based Feeney Wireless

Novatel Wireless Inc. said on March 30 that it acquired Feeney Wireless, an Oregon company that specializes in electronics for the Internet of Things.

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Cubic Receives $9.4 Million Army Contract

ubic Corp. received a $9.4 million U.S. Army contract modification to operate the Korea Battle Simulation Center for the next 12 months. The Pentagon made the announcement March 25.

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