San Diego Business Journal

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.

AT&T Announces $725M in Capital Improvements Made Locally

AT&T Inc. announced that it put more than $725 million into capital improvements in the San Diego area over the last three years. The corporation counted investments to both its wired and wireless networks made between 2012 and 2014.

AT&T Announces Local Improvements

AT&T Inc. announced that it put more than $725 million into capital improvements in the San Diego area over the last three years. The corporation counted investments to both its wired and wireless networks made between 2012 and 2014.

Everyone Is on Offense When Divvying Up the Defense Budget

The rodeo in Washington is getting going, with lawmakers wrangling over the shape of the Defense Department’s 2016 spending plan.

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Entrepreneur Tosses His Snack Into the Health-Food Ring

FOOD: Salad Bites Look for Market in Changing Grocery Scene

La Jolla entrepreneur Keith Mullin is an idea man.

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Firms’ Reputations Grow at SXSW Event

STARTUPS: Crop Technology, Tax Filing Get Noticed in Austin

The knot of people who converged at the South by Southwest festivals saw and heard the best of what’s new. Judges thought two San Diego companies, Slantrange Inc. and Common Form Inc., belonged in that category.

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Cubic Receives $9.4M Army Contract

Cubic 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.

BAE Systems Awarded $16.8 Million Navy Contract

The U.S. Navy announced on March 26 that it awarded BAE Systems San Diego Ship Repair a $16.8 million contract modification covering shipyard work for the USS San Diego.

InfoSonics Introduces Smartphone for Budget-Saavy Consumer

InfoSonics Corp. said on March 23 that it introduced a budget smartphone that offers fast data service known as 4G LTE.

Beechcraft Selling Plane to Iraqi Government

Beechcraft Defense Co. is selling one of its small planes to the government of Iraq under a foreign military sale, the Pentagon announced on March 25.

Qualcomm Invests Undisclosed Amount in Cyanogen

Cyanogen Inc., a Seattle company that has created its own operating system for smartphones, has attracted an undisclosed amount of investment from Qualcomm Inc.

GKN Aerospace Signs $200 Million Contract With Rolls Royce

GKN Aerospace — which has factories in El Cajon and Mexicali, Mexico — said earlier this year that it agreed to supply Rolls-Royce PLC with components for the latest version of the Trent 1000 engine.

Callaway Golf Shares Close Up at $9.55

Shares of Callaway Golf Co. gained more than 11 percent in value on March 23, and then backtracked 3 percent in after-hours trading.

No Blackouts for Undersold Chargers Games in 2015

It’s official: every San Diego Chargers game in the 2015 season will be televised.

Pulse Electronics Corp. Reports Net Sales of $343.5M in 2014

Pulse Electronics Corp. reported a net loss of $9.6 million on net sales of $80.1 million for its fourth quarter.

Andrew Viterbi Inducted Into Entrepreneur Hall of Fame

Qualcomm Inc. co-founder Andrew Viterbi was inducted into Connect’s Entrepreneur Hall of Fame during a recent luncheon at the Estancia La Jolla Hotel & Spa.

San Diego Makes the Grade as Test Market for New eBay App

Location, location, location-based apps are all the rage, if this week’s email is any indication. Two items really stood out, one from a large business, another from a startup. Let me start with the big one.

Tech Savvy Consulting Company Tackles IT Decisions, Acquisitions

TECH: Private Equity Investors Often Use Company’s Expertise

It’s a common situation: investors see potential in some sort of information-technology business, but the investors’ backgrounds are heavy on finance, light on tech.

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Bold Fusion

EDUCATION: UCSD Taps a Top Talent to Form Its Design Lab

Don Norman — electrical engineer, psychologist and design guru for Apple Inc., Hewlett-Packard Co. and other businesses — has been coaxed out of retirement to start the University of California, San Diego design lab.

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Behind the Controls

WEALTH: Linden and Neal Blue Quietly Steer GA And Other Business Pursuits

Their Predator aircraft flies high enough to avoid detection, but J. Neal Blue and Linden S. Blue seem to prefer the opposite approach. The low-key industrialists fly under the radar.

Pulse Electronics Corp. Reports Net Loss of $9.6M for Q4

Pulse Electronics Corp. reported a net loss of $9.6 million on net sales of $80.1 million for its fourth quarter.

Viterbi Inducted Into Entrepreneur Hall of Fame

Qualcomm Inc. co-founder Andrew Viterbi was inducted into Connect’s Entrepreneur Hall of Fame during a recent luncheon at the Estancia La Jolla Hotel & Spa.

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Roosevelt’s New Homeport Will Be S.D.

The aircraft carrier USS Theodore Roosevelt left Naval Station Norfolk, Va., on March 5 for a world deployment and then a trip to its new homeport of San Diego.

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County’s Population to Exceed 4 Million by 2060

GROWTH: Forecast Shows Region’s Market Over 50-Year Period

Statistics from Sacramento’s bean counters offer an estimate of how big a market San Diego will become over the next 50 years.

Bridgepoint Appoints Christopher Henn as Executive VP/COO

Bridgepoint Education Inc. said on March 19 that it appointed Christopher Henn as executive vice president and chief operating officer, effective April 13.

Three Kratos-Powered Drones Participate in Test

Three target drones with rocket motors from Kratos Defense & Security Solutions Inc. took part in an Aegis Ballistic Missile Defense weapon system test in late February, the company said on March 16.

Novatel's COO Taking 30 Percent of Base Salary in Stock

Novatel Wireless’ chief operating officer has started taking 30 percent of his 2015 base salary in stock, the company said on March 18.

S.D. Population Expected to Exceed 4 Million by 2060

Statistics from Sacramento’s bean counters offer an estimate of how big a market San Diego will become over the next 50 years.

NASA Satellite Carried Vanguard Solar Technologies

Vanguard Space Technologies Inc. said on March 16 that it provided the solar array substrates and electromagnetically clean shielding for NASA’s MMS satellite that launched on March 12. Financial terms of the project were not disclosed.

Turtle Beach Corp. Gives Its Q4 Results

Headset maker Turtle Beach Corp. reported on March 16 that it had fourth quarter net income of $2.36 million on revenue of $92.3 million.

Kratos Defense Reports $2.2 Million Net Loss for Fourth Quarter

Kratos Defense & Security Solutions Inc. reported a net loss of $2.2 million on revenue of $221.5 million during its fourth quarter, which ended Dec. 28. The net loss for the quarter amounted to 4 cents per share.

S.D. Airport Working to Broaden International Destinations

San Diego airport leaders continue their work to establish new service to international destinations.

USS Theodore Roosevelt to Make San Diego its Homeport

The aircraft carrier USS Theodore Roosevelt left Naval Station Norfolk, Va., on March 5 for a world deployment and then a trip to its new homeport of San Diego.

San Diego Airport Exploring European, Central American Routes

San Diego airport leaders continue their work to establish new service to international destinations.

M Ship’s Stiletto Cut a Fine Figure With Its Innovative Design

M Ship Co. never had the distinction of building a massive supercarrier or cranking out Liberty Ships by the hundreds. The San Diego company did not even build watercraft; it designed them. But boy, did it design a mean-looking vessel.

Bitcoin Wallet Helps Users Boost Their ‘Exchange Rate’

SOFTWARE: App Provides Convenient Way to Spend Currency

Saying that Paul Puey is upbeat about bitcoin is kind of like saying Babe Ruth is OK at baseball.

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Port Has $4.4 Billion Annual Economic Impact

ECONOMY: 2013 Data Shows Impact Is Up 8% Since 2011

The Port of San Diego has an annual economic impact of $4.4 billion, according to a study commissioned by the agency and issued March 10.

Net Neutrality Act: The ‘Fix’ Is In?

TECH: Critics Cry Power Grab; Backers Cite Fairness

The federal government’s decision to treat the Internet like a utility is akin to a blockbuster movie that people love or hate.

Kratos Reports Q4 Net Loss of $2.2 Million on Revenue of $221.5 Million

Kratos Defense & Security Solutions Inc. reported a net loss of $2.2 million on revenue of $221.5 million during its fourth quarter, which ended Dec. 28. The net loss for the quarter amounted to 4 cents per share.

Hamilton Sundstrand Awarded $12.3 Million Navy Contract

The U.S. Navy said on March 12 that it awarded Hamilton Sundstrand — now a unit of UTC Aerospace Systems — a five-year contract for work on specialized submarine equipment. The indefinite quantity, indefinite delivery deal could ultimately be worth $12.3 million.

Navy Renews Contract with SAIC to Train Marine Mammals

Science Applications International Corp. (SAIC) said on March 11 that the U.S. Navy has renewed its contract to care for and train the Navy’s marine mammals in San Diego; Bangor, Wash.; and Kings Bay, Ga.

Local Marine Corps Bases to Benefit From $25 Million Contract

Lion-Vallen Industries of Dayton, Ohio received a one-year, $25 million contract to provide logistics services at U.S. Marine Corps bases.

Port of San Diego Has Annual Economic Impact of $4.4. Billion

The Port of San Diego has an annual economic impact of $4.4 billion, according to a study commissioned by the agency and issued March 10.

Kratos Receives Orders Worth $4.1 Million

Kratos Defense & Security Solutions Inc. said on March 10 that it received orders worth $4.1 million for specialty electronics that will eventually go in U.S. Navy aircraft.

Qualcomm Board Authorizes $15 Billion Share Buyback

The board of semiconductor-maker Qualcomm Inc. authorized a $15 billion share buyback program on March 9.

Cubic Awarded $2.6 Million Contract From Italy

Cubic Corp. said on March 9 that Italy’s ministry of defense awarded it a follow-on contract worth more than $2.6 million.

USD to Offer New Graduate Degree in Finance

The University of San Diego said on March 9 that it was enrolling students for a new graduate degree: a master of science in finance.

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Northrop Grumman Says Cost Per Flight Hour for Global Hawk Had 'Significant Decrease'

Northrop Grumman Corp. said recently that the cost per flight hour for its Global Hawk unmanned aircraft saw a “significant decrease” during 2014, while flight hours rose nearly 40 percent. The business did not disclose dollar amounts.

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