San Diego Business Journal

Kratos Defense Division Shares $13.4 Million Navy Contract

Kratos Defense & Security Solutions Inc. said on May 29 that one of its divisions is part of Saalex Solutions Inc.’s $13.4 million U.S. Navy contract to provide services at the Pacific Missile Range Facility.

Assistant Navy Secretary’s Visit Drew a Crowd of Contractors

He came, he saw, he networked. The hot ticket in defense contracting circles in late May was the invitation-only reception for Sean Stackley, the assistant U.S. Navy secretary overseeing procurement and new technology (Stackley’s actual title is assistant secretary of the Navy for research, development and acquisition). SDMAC, the San Diego Military Advisory Council, coordinated the reception.

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Renovation Brings Entertaining Pairing to the Pala Lineup

GAMING: Wine Cave And Concert Venue Are Part of $5M Project

Pala Casino Spa & Resort sees potential in what several rural California counties have long banked on: wine.

Company’s Photo Verify May Give Consumers License to Transact

SOFTWARE: Verification Of Driver’s Licenses Opens Up Mobile Possibilities

Mitek Systems Inc., the company that got people to start depositing bank checks with their smartphones, has something new to show the world.

Shareholders Re-Elect the Kratos Board

Shareholders of Kratos Defense & Security Solutions Inc. re-elected the company’s board and approved an advisory measure on executive compensation during the company’s annual meeting May 20.

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Cos. Go to Work in Supporting Troops

DEFENSE: Veterans Get Employment Guidance

As a Fortune 500 company serving a demanding market, Qualcomm Inc. has found that to get maximum impact, it has to fine-tune its products, or even release various generations of a product. It’s what engineering companies do.

Japanese IT Business Donates $300K to UCSD

Broadband Tower Inc., a Japanese information technology business, has donated $300,000 to the University of California, San Diego’s School of Global Policy and Strategy to establish a Japan Forum for Innovation and Technology.

Qualcomm, TechStars Select 10 Robotics Companies for Accelerator

Qualcomm Inc. and TechStars named the 10 robotics companies selected to take up residence in newly remodeled space at the Qualcomm headquarters on Sorrento Mesa on May 28.

InfoSonics Corp. Files Shelf Registration

InfoSonics Corp. filed a shelf registration as a preliminary step to selling up to $25 million of additional stock or warrants, the business said in a May 27 securities filing.

Japanese Firm First to Use Qualcomm's Sense ID Platform

NTT DOCOMO Inc., Japan’s largest mobile telecom carrier, will be the first to use Qualcomm Inc.’s Sense ID biometrics platform, Qualcomm said on May 25.

Cubic Corp. Gets $5.5 Million Contract with Canadian Army

Cubic Corp. has announced a contract with the Canadian army valued at more than $5.5 million.

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Kratos Shareholders Re-Elect Board, Pass Advisory Measure on Executive Compensation

Shareholders of Kratos Defense & Security Solutions Inc. re-elected the company’s board and approved an advisory measure on executive compensation during the company’s annual meeting May 20.

Local Company Tapped to Feed Need for Fast-Food Software

Tillster has chosen San Diego-based Gimbal Inc. to soup up its software for fast-food and casual dining restaurants. Financial terms of the partnership were not disclosed.

Online Directory Gives Patients Medical Menu With Cash Prices

SOFTWARE: Service Also Streamlines the Appointment Process

Ajit Viswanathan thinks he sees an opening on the fast-changing playing field of health care.

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Training Platform Lets User Plot Course

TECH: Vforum’s Versatility, Vigilance Are Selling Points

It was originally meant for sailors at sea, but some locally developed video training technology has left the confines of the big gray ship.

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GA ASI Receives $23.1 Million Air Force Contract

The U.S. Air Force has awarded General Atomics Aeronautical Systems Inc. a second contract in as many days, this time to help improve sensor systems on its Reaper unmanned aircraft.

ViaSat Reports Q4 Net Income of $7.5 Million

ViaSat Inc. reported net income of $7.5 million on revenues of $364.8 million during the last quarter of its 2015 fiscal year, which ended April 3.

Air Force Orders 8 More Reapers from General Atomics

The U.S. Air Force ordered eight additional Reaper aircraft from General Atomics Aeronautical Systems Inc., the Pentagon announced on May 20.

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Cubic Completes $1.25 Million Foreign Military Sale

Cubic Corp. said on May 19 that its defense business completed a $1.25 million foreign military sale to the Lebanese armed forces.

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Peregrine Semiconductor Promotes Colin Hunt to VP of Worldwide Sales

Peregrine Semiconductor Corp. said on May 19 that it promoted Colin Hunt to vice president of worldwide sales.

KOAM Engineering Awarded $61.8 Million Navy Contract

The U.S. Navy awarded a San Diego small business a three-year, $61.8 million contract to provide technical expertise to its Network Integration Engineering Facility.

Cubic Corp. Reports Q2 Net Loss of $11 Million

Cubic Corp. reported a second quarter net loss of $11 million on net sales of $338.8 million during its second quarter, which ended March 31. The company reported net income of $16.1 million on net sales of $354.4 million in the quarter ending March 31, 2014.

BAE Systems San Diego Ship Repair Gets $37 Million Navy Contract

The U.S. Navy awarded BAE Systems San Diego Ship Repair a $37 million deal to perform shipyard work on the Ticonderoga-class cruiser USS Lake Champlain.

Software San Diego Names Carroll to Executive Director Post

Software San Diego has chosen a familiar face in regional technology circles to offer day-to-day leadership to the organization.

There’s Always Something to Grouse About in Spending Bills

What has more moving parts than all of the aircraft parked at Lindbergh Field? Probably the legislation that lets the Pentagon spend money.

Company Is Planning to Open Wi-Fi Door for LTE Data

WIRELESS: Could Improve Security for Internet of Things

People don’t normally mix strings of pearls with tennis shoes when they dress for the day.

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Kratos Is Exploring Strategic Alternatives

DEFENSE: Investment Bank Helping Co. Review Business

Directors at Kratos Defense & Security Solutions Inc. are mulling some major changes.

Software San Diego Names Kevin Carroll as Its Executive Director

Software San Diego has chosen a familiar face in regional technology circles to offer day-to-day leadership to the organization.

PICO Holdings Reports Q1 Net Loss of $16.8 Million

PICO Holdings Inc., a diversified holding company based in La Jolla, reported a first quarter net loss of $16.8 million on revenue of $84.7 million. The same quarter last year produced a net loss of $13.2 million on revenue of $61.3 million.

Cubic Corp. Receives $1.7 Million Contract

Cubic Corp. has a buyer for some of its next-generation military communications gear.

Jack in the Box Reports Q2 Net Earnings of $23 Million

Jack in the Box Inc., parent company to its namesake quick-service chain and to the Qdoba Mexican Grill chain, reported net earnings of $23.0 million or 60 cents per diluted share on revenue of $358.1 million during the company’s second quarter, ended April 12.

Moody's Gives Qualcomm's Proposed Bond Issue Top Rating

Moody’s Investors Service said that it assigned one of its top ratings to Qualcomm Inc.’s proposed bond issue.

LRAD Receives $700,000 in Follow-On Orders

LRAD Corp. of Rancho Bernardo said on May 12 that it received $700,000 in follow-on orders for its model 360X mass notification systems.

RQ Construction Awarded $45.1 Million Army Contract

Carlsbad-based RQ Construction LLC received a $45.1 million U.S. Army contract for a building project at a base south of Seattle.

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Congresswoman Cuts First Steel for Tanker at NASSCO Ceremony

Rep. Susan Davis, D-San Diego, ceremonially cut the first steel for a commercial ship being built at the General Dynamics NASSCO shipyard in Barrio Logan on May 8.

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General Atomics ASI Awarded 2 Defense Contracts

General Atomics Aeronautical Systems Inc., a maker of unmanned aircraft and related electronics, recently received one contract each from its U.S. Army and U.S. Air Force customers.

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Novatel Wireless Names Lance Bridges as Senior VP and General Counsel

Novatel Wireless named Lance Bridges as its senior vice president and general counsel on May 7.

It’s Dawn for Daybreak Games as It Establishes New Identity

GAMING: New Owner Opens New Possibilities For Former Sony Property

The arrival of new owners was only the first change at San Diego-based Daybreak Game Co. LLC in what is likely to be a memorable year.

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Changing Landscape

Public Cos. Love Us, But Some Still Leave Us

Jack in the Box Inc. began selling hamburgers at a single restaurant on El Cajon Boulevard when Harry Truman was president.

Pizicato Lets You Do More Than Just Sing Praises of Musicians

Two North County residents have come up with software that functions as a “digital tip jar” for musicians.

Novatel Reports Q1 Net Loss

Novatel Wireless Inc., the Sorrento Mesa electronics maker, reported a net loss of $7.8 million on net revenues of $53.5 million during the first quarter of 2015.

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Novatel Names Lance Bridges as Senior VP and General Counsel

Novatel Wireless named Lance Bridges as its senior vice president and general counsel on May 7.

May 10 Is Deadline for Startups to Apply for Plug and Play Accelerator

Startup businesses — specifically technology startups — who want to apply to the next class in San Diego’s Plug and Play accelerator have a May 10 deadline to do so.

Kratos Reports Q1 Net Loss of $16.3M on Revenues of $182.5M

Kratos Defense & Security Solutions Inc. reported a net loss of $16.3 million on revenues of $182.5 million during the first quarter that ended March 29. Publicly traded Kratos (Nasdaq: KTOS) made its announcement on May 7.

LRAD Corp. Reports Q2 Net Income of $291,000

LRAD Corp., the publicly traded maker of high-volume sound equipment for governments and militaries, reported net income of $291,000 on revenues of $4.49 million for its second quarter, which ended March 31.

CyberUnited Forms Joint Venture with LIFARS

San Diego-based CyberUnited and New York-based LIFARS said on May 4 that they formed a security consulting joint venture, CyberUnited LIFARS.

Novatel Reports Q1 Net Loss of $7.8 Million

Novatel Wireless Inc., the Sorrento Mesa electronics maker, reported a net loss of $7.8 million on net revenues of $53.5 million during the first quarter of 2015. That compares with a net loss of nearly $9 million on net revenues of $48.3 million in the same quarter of 2014.

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NextLevel Internet Hires William Green as COO

NextLevel Internet Inc. said on May 4 that it hired William Green as its chief operating officer.

Internet Poker Bill Approved By Assembly Committee Hands Down

A bill that would legalize Internet poker in California passed a state Assembly committee by a 20-0 vote April 27.

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General Atomics ASI Awarded $82.7M Army Contract

The U.S. Army awarded General Atomics Aeronautical Systems Inc. a four-year $82.7 million contract for technological support.

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