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.
Kratos Defense & Security Solutions Inc. announced the receipt of multiple contracts on July 16.
Workers at the General Dynamics NASSCO shipyard are cleaning up after one of its dry docks flooded unexpectedly on July 11.
WD-40 Co. reported record high sales and earnings results for its third quarter, which ended May 31.
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 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.
A Sempra Energy subsidiary received a 20-year contract from a port in Sinaloa, Mexico, to build and operate a fuel terminal.
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.
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 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.
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.
The U.S. Navy awarded Northrop Grumman Corp. a $96.5 million contract for radio signal jammers designed to foil improvised explosive devices (IEDs).
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.
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.
RF Industries Ltd. has named Robert Dawson to its board of directors.
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.
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.
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.
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.
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.
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, a Northern California company providing cloud computing solutions, announced in mid-June that it has opened an office in San Diego.
Viasat Inc. said June 21 that it received a U.S. Air Force contract to sustain MIDS-LVT radios.
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.
Kratos Defense & Security Solutions Inc. announced June 21 that its unmanned vehicle technology received government approval to drive on the public highways.
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.
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.
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.
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.
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 Corp. said on June 20 that its transportation business received a $276 million contract from Queensland, Australia.
Petco Animal Supplies Inc. is turning to the technology world for new leadership by naming Ron Coughlin as its chief executive.
Kratos RT Logic received a $2.6 million U.S. government contract for satellite communications work.
Viasat Inc. said June 13 that it acquired Horsebridge Defence and Security of Cheltenham, U.K.
Executives with Cubic Corp. rang the bell and banged the gavel at the close of trading June 13 at the New York Stock Exchange.
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.
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.
San Diego County officials are now evaluating an application from Carlsbad’s California Pacific Airlines to operate commercial service out of McClellan-Palomar Airport.
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.
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.
The Fisher Phillips law firm has named Regina A. Petty chief diversity officer. Petty is a partner in the firm’s San Diego office.
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.
Soundcast LLC has named Tom Dixon as vice president of sales and marketing.
Thomas Jefferson School of Law announced it is moving from its location on Island Avenue to 701 B Street.
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.
Phoenix Air Group Inc. will perform several million dollars worth of work in San Diego under a recent U.S. Navy contract modification.
Cubic Corp. has named Jeffrey Blakeman as its vice president of manufacturing and procurement.
Cubic Corp. said on May 31 that it closed its sale of its Cubic Global Defense Services unit for approximately $135 million cash.
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.