Brad Graves

Reporter

Email: bradg@sdbj.com
Phone: 858-277-6586 Extension: 3115

Recent Stories

Thoene Takes CEO’s Job at AIS

AIS Technology Services named Matt Thoene as CEO in early July.

New Cali Bamboo CEO Wants to Keep Growing

RETAIL: He Says He Might Have Platform for $1B Company

You can call bamboo wood or you can call it grass. Cali Bamboo continues to grow like the latter.

Tease photo

Kratos Announces Foreign Task Orders, Contract Win

Kratos Defense & Security Solutions Inc. announced the receipt of multiple contracts on July 16.

NASSCO Dry Dock Floods Unexpectedly

Workers at the General Dynamics NASSCO shipyard are cleaning up after one of its dry docks flooded unexpectedly on July 11.

WD-40 Reports Record Results

WD-40 Co. reported record high sales and earnings results for its third quarter, which ended May 31.

Kratos Delivers First Production Drone to U.S. Navy

Kratos Defense & Security Solutions Inc. delivered the first production BQM-177A subsonic aerial target system to its U.S. Navy customer early this week.

Sempra Announces Stock Offerings

Sempra Energy announced July 10 that it plans public offerings of $1.1 billion of common stock as well as $500 million of mandatory convertible preferred stock.

Sempra to Develop Gas, Diesel Terminal at Mexican Port

A Sempra Energy subsidiary received a 20-year contract from a port in Sinaloa, Mexico, to build and operate a fuel terminal.

Sempra Evaluating Its South American Assets

UTILITY: Financials Are Focus As Activists Demand Change

The board of San Diego-based Sempra Energy is evaluating the company’s future in South America, and will make its plans public as soon as February or March.

Tease photo

Viasat Leases Capacity on Avanti Satellite

Viasat Inc. signed a $10 million contract with London-based Avanti Communications Group PLC for capacity on Avanti’s HYLAS 4 satellite, launched in early May.

PriceSmart Third-Quarter Revenue Climbs 7 Percent

PriceSmart Inc., the San Diego corporation which operates membership warehouse stores in Latin America and the Caribbean, reported third quarter net income of $18.7 million on total revenue of $782.2 million.

Australia Planning to Buy Six Northrop Grumman Tritons

AIRCRAFT: Surveillance Drones Deal Reportedly Worth $5.1 Billion

Australia plans to buy six Triton high-altitude surveillance aircraft made by Northrop Grumman Corp. in a deal that reportedly could be worth as much as $5.1 billion.

Tease photo

Northrop Grumman Gets $97M Signal Jammer Contract

The U.S. Navy awarded Northrop Grumman Corp. a $96.5 million contract for radio signal jammers designed to foil improvised explosive devices (IEDs).

Sempra Announces Sale of Renewables As ‘the First Phase’

ENERGY: Activist Investors Push Greater Simplification of Co.

Sempra Energy plans to sell its solar and wind energy generation businesses, as well as two natural gas storage facilities in the southeastern United States.

Tease photo

Smaller Drone Cos. Look for Niche in Market

AIRCRAFT: Beyond Military Use, Businesses Have to Get Creative

The riddle of the drone has San Diego companies captivated. While it is one thing to build a working piece of technology, the real puzzle may be how to build a sustainable small business around it.

Tease photo

RF Industries’ Dawson Gets Board Seat

RF Industries Ltd. has named Robert Dawson to its board of directors.

McCain to Supply Los Angeles With Traffic Signal Electronics

A North County company, Vista-based McCain Inc., won a contract to supply as many as 1,500 traffic signal control cabinets to the city that is practically synonymous with the automobile.

GA-ASI Plans Transatlantic Flight

Ninety-one years after Charles Lindbergh did it, General Atomics Aeronautical Systems Inc. plans to cross the Atlantic. Only this time, the aircraft will be unmanned.

Being Public Can Put Cos. in Tough Spotlight

ECONOMY: Troubles Include Activist Investors, Short Sellers

Public companies don’t get to lock the door. At any time, a company can find unwelcome visitors in the form of short sellers betting on a company’s fall or activist investors arriving with plans for how things should be — or more precisely how they need to be.

Tease photo

Moody’s Eyes Sempra for Downgrade

Moody’s Investors Service Inc. placed the credit rating of Sempra Energy (NYSE: SRE) on review for a downgrade, citing several concerns about the company's business.

RF Is Flying Under the Radar and Soaring at Same Time

PRODUCTION: New CEO Leverages Distribution Channels, Diverse Clients

Cables, connectors and jumpers. That’s the space where specialty manufacturer RF Industries Ltd. is finding its spark.

Tease photo

Sempra to Talk About Its Future June 28

Sempra Energy plans to talk about its future later this week, and in doing so will offer some sort of response to activist investors’ plans to remake the company.

Big Green IT Opens in San Diego

Big Green IT, a Northern California company providing cloud computing solutions, announced in mid-June that it has opened an office in San Diego.

Military Radio Work Means Up to $42M for Viasat

Viasat Inc. said June 21 that it received a U.S. Air Force contract to sustain MIDS-LVT radios.

U.K. Acquisition Gives Viasat Market Intelligence

DEFENSE: Deal Part Of Viasat’s Growing Presence in Europe

In a bid to increase its international defense contracting business, Carlsbad’s Viasat Inc. bought Horsebridge Defence and Security of Cheltenham, England, closing the acquisition in early June. Terms of the deal were not disclosed.

Tease photo

Kratos Autonomous Vehicle Earns Its Stripes

Kratos Defense & Security Solutions Inc. announced June 21 that its unmanned vehicle technology received government approval to drive on the public highways.

Commission Scuttles SDG&E Natural Gas Pipeline Plan

The California Public Utilities Commission on June 21 turned down a proposal from San Diego Gas & Electric Co. to build a $639 million natural gas pipeline from Rainbow Station to Miramar, saying there is no need.

CPUC Gives OK for SDG&E’s 5 New Energy Storage Facilities

ENERGY: Utility Enlists Five Businesses to Build Lithium-Ion Battery Sites

San Diego Gas & Electric Co. has enlisted the help of five businesses to develop more energy storage within its service territory.

Tease photo

Activist Investors Seeking Major Changes at Sempra

ENERGY: They See Co. As Unfocused Conglomerate Of Disparate Businesses

Sempra Energy has the potential to grow to at least $139 per share, activist investors said recently as they introduced a proposal to remake the company’s board and streamline its business model by jettisoning certain assets.

Tease photo

Metawave Expects to Find Needed Workforce in SoCal

TECH: Radar Allows for Autonomous Cars to Identify Objects, Beings

A company combining a Silicon Valley pedigree with a Southern California wireless specialty has opened an office in Carlsbad.

Tease photo

Teradata Sues SAP

Teradata filed a lawsuit in U.S. District Court against German software maker SAP, alleging that SAP took trade secrets from Teradata, infringed its copyrights and violated antitrust laws.

Cubic Transportation Gets $276M Contract

Cubic Corp. said on June 20 that its transportation business received a $276 million contract from Queensland, Australia.

Petco Names HP Executive as New CEO

Petco Animal Supplies Inc. is turning to the technology world for new leadership by naming Ron Coughlin as its chief executive.

Kratos Pulls in $2.6M Satellite Communications Deal

Kratos RT Logic received a $2.6 million U.S. government contract for satellite communications work.

Viasat Buys U.K. Firm

Viasat Inc. said June 13 that it acquired Horsebridge Defence and Security of Cheltenham, U.K.

Cubic Rings Closing Bell on Analyst Day

Executives with Cubic Corp. rang the bell and banged the gavel at the close of trading June 13 at the New York Stock Exchange.

Tease photo

Kratos Drone Deal Could Exceed $10M

Kratos Defense & Security Solutions Inc. said June 13 that its Unmanned Systems Division received an engineering services contract that could be worth as much as $10.2 million over five years.

Cubic Completes Sale of Global Defense Services

DEFENSE: Pentagon Policies Made Services Sector More Difficult to Operate In

Facing ever-smaller margins in its U.S. military services business, Cubic Corp. has exited the space.

Tease photo

Airline Eyes Fall Start, Pending Environmental Approval

San Diego County officials are now evaluating an application from Carlsbad’s California Pacific Airlines to operate commercial service out of McClellan-Palomar Airport.

Tease photo

Kratos Wraps Up Sale of Security Division

Kratos Defense & Security Solutions Inc. said on June 11 that it concluded the sale of its Public Safety & Security Division to Securitas Electronic Security Inc., part of Sweden-based Securitas AB.

Investor Group Says Sempra Must Change

An investor group called on Sempra Energy to seat six of its candidates on its board of directors and conduct a thorough review of the company with an eye toward remaking it.

Fisher Phillips Chooses San Diegan as Chief Diversity Officer

The Fisher Phillips law firm has named Regina A. Petty chief diversity officer. Petty is a partner in the firm’s San Diego office.

Tease photo

Sanford Makes $100M Gift to National University System

GIVING: Record Gift to Support, Expand Innovative Educational Program

Philanthropist, banker and La Jolla resident T. Denny Sanford made a landmark, $100 million gift to the San Diego-based National University System to expand Sanford Harmony, a social emotional learning program.

Tease photo

Soundcast Names Tom Dixon Vice President

Soundcast LLC has named Tom Dixon as vice president of sales and marketing.

Tease photo

Law School Moving to 701 B Street

Thomas Jefferson School of Law announced it is moving from its location on Island Avenue to 701 B Street.

Silicon Valley’s Metawave Opens Engineering Office in Carlsbad

Metawave Corp., a Silicon Valley company with an interest in automotive radar, said on June 6 that it has opened a development center in Carlsbad.

Signal Jamming Contractor Lands Navy Work in San Diego

Phoenix Air Group Inc. will perform several million dollars worth of work in San Diego under a recent U.S. Navy contract modification.

Cubic Hires New Manufacturing and Procurement Executive

Cubic Corp. has named Jeffrey Blakeman as its vice president of manufacturing and procurement.

Cubic Completes Sale of Its Global Defense Services Unit

Cubic Corp. said on May 31 that it closed its sale of its Cubic Global Defense Services unit for approximately $135 million cash.

GA-ASI Kicks Up Desert Dust With First MQ-25 Engine Test

General Atomics Aeronautical Systems Inc. said it successfully tested the jet engine that will be at the heart of its carrier-based refueling aircraft design.