San Diego Business Journal

Sempra Energy Reports Q2 Earnings of $16M, Revenue of $2.16B

Sempra Energy reported earnings of $16 million, or 6 cents per share, during the second quarter of 2016. Total revenue was $2.16 billion, the company said Aug. 4.

Industry Veteran Richard S. Danforth Picked to Lead LRAD Corp.

The board of LRAD Corp. named former DRS Technologies Inc. executive Richard S. Danforth, 56, as the company’s new CEO on Aug. 1.

Cubic Corp. Reports Q3 Net Income of $4.5 Million

Cubic Corp. reported net income of $4.5 million, or 17 cents per share, on sales of $375.2 million in its third quarter, which ended June 30. For the same quarter one year ago, Cubic reported $8.8 million in net income (33 cents per share) on $347.8 million in sales.

Novatel Wireless Inc. Cuts Net Loss, Grows Revenues in Q2

Novatel Wireless Inc., which is recasting itself as a specialist in the Internet of Things, cut its net loss to $2.7 million, or 5 cents per share, and grew its total net revenues to $62.8 million in its second quarter, which ended June 30.

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CourseKey’s Learning Platform Gets Devices on Same Page

SOFTWARE: It Expands Learning Opportunities, Assists in Admin Tasks

It’s been a busy two years for Luke Sophinos. The 21-year-old CEO has gotten a software business off to a very fast start. He has postponed his final coursework at San Diego State University. And he’s attracted attention from the foundation run by internet entrepreneur Peter Thiel. The upshot? A two-year, $100,000 Thiel Fellowship to help him build his young business, CourseKey Inc.

San Diego-Based Blue Seas Fabrication Opens Operation

Blue Seas Fabrication has opened for business.

Sempra U.S. Gas & Power Acquires Wind Energy Project in Michigan

Sempra U.S. Gas & Power said on July 22 that it acquired the Apple Blossom wind energy project in Michigan for undisclosed terms. The seller was Geronimo Energy LLC.for undisclosed terms. The seller was Geronimo Energy LLC.

ProSol Associates Receives 5-Year Contract to Teach at Marine Corps Installations

ProSol Associates LLC, a small business based in Alexandria, Va., received a five-year contract to teach communications electronics at Marine Corps Base Camp Pendleton and other Marine Corps installations. Local work is valued in the millions of dollars.

Cubic Corp. Exec to Talk Up Co. at Comic-Con

A Cubic Corp. executive will be at Comic-Con — no joke — to discuss company projects funded by the Defense Department.

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New UCSD Leader to Help Build ‘Global Robotics Powerhouse’

An authority on the subject of robots, Henrik Christensen, is on his way to Torrey Pines Mesa.

Qualcomm’s Strong Q3 Earnings Report Pleases Analysts

TECH: Chip Sales, License Revenue Boost Co. Outlook

Qualcomm Inc. reported better than expected third quarter earnings, spurred in part by Chinese and South Korean customers coming forward to pay the San Diego business for technology used during previous quarters.

GA-ASI Awarded $31.8 Million Air Force Contract

The U.S. Air Force awarded General Atomics Aeronautical Systems Inc. a $31.8 million delivery order for ground-control stations.

TPT Global Technology Acquires Assets of Goodwin Global

TPT Global Technology Inc., a downtown San Diego-based telecommunications company, said July 19 that it acquired the assets of Goodwin Global, an international wholesale telecom carrier. Financial terms of the deal were not disclosed.

Port of San Diego Tenants Get $5.9 Million State Grant

Tenants at the Port of San Diego received a $5.9 million state grant to help them roll out all-electric freight vehicles — such as big-rig tractors and forklifts — meant to take the place of diesel-powered vehicles.

5D Robotics Inc. Acquires Alabama-Based Time Domain

Carlsbad-based 5D Robotics Inc. announced on July 18 that it acquired Time Domain, a business based in Huntsville, Ala. Financial terms of the deal were not disclosed.

Wireless Antenna Maker Airgain Inc. Plans to Go Public

Wireless antenna maker Airgain Inc. plans to go public.

Irwin M. Jacobs, Paul Jacobs Sign Letter Opposing Trump Candidacy

San Diego business leaders Irwin M. Jacobs and Paul Jacobs joined more than 140 technology executives and financiers — including a large number in Silicon Valley — in signing a letter opposing Donald Trump’s bid for president.

Navy Awards QED Systems Inc. One-Year, $22.1 Million Contract

The U.S. Navy awarded QED Systems Inc. a one-year, $22.1 million contract modification to plan shipyard visits and maintenance periods for Navy surface ships, specifically Ticonderoga-class cruisers and Arleigh Burke-class destroyers.

Qualcomm Announces Quarterly Cash Dividend

Qualcomm Inc. said on July 12 that it will distribute a cash dividend of 53 cents per share. Dividends will go out Sept. 21 to stockholders of record as of Aug. 31.

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Jamul’s Hollywood Casino Says Summer Opening in the Cards

GAMING: The Facility Defeated Challenge to Its Environmental Review

It looks as though East County will soon be home to the county’s ninth Indian gaming casino.

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University’s Expertise Being Tapped for Cybersecurity Project

Might there be a better way to fend off cyberattacks, particularly among overworked defenders during an emergency? SSC Pacific, part of the U.S. Navy’s SPAWAR organization, wants to know — and the Navy office has tapped National University to help it research better ways to address the problem.

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Virtual and Augmented Reality Look to Fit in the Big Picture

TECH: Jerome’s Uses Tech to Sell Furniture; Qualcomm Funds Cos.

Virtual reality and augmented reality are slowly coming to a marketplace near you.

VerifiR’s Technology Looks to Knock Out the Knockoffs

TECH: Aim Is to Verify Goods’ Authenticity, Connect With Customers

A visit from entrepreneur Jurgen Schmerler looks a little like Christmas morning, without the tree or the decorations.

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Malin’s Mission Is To Capture Jupiter

SPACE: Co.’s JunoCam to Deliver Images Through 2017

San Diego businesses are playing a highly visual part in NASA’s $1.13 billion space mission to Jupiter.

U.S. Army Officially Announces $11.5 Million Contract for Cubic Corp

It’s official: an $11.5 million U.S. Army contract modification for Cubic Corp., which the Defense Department announced prematurely last week, has been awarded.

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Royal Air Force to Buy Next-Gen Predator B in Deal Potentially Worth $548 Million

Great Britain’s Royal Air Force plans to buy the next-generation Predator B unmanned aircraft from General Atomics Aeronautical Systems Inc. in a deal that could be worth more than a half-billion dollars.

NASA-Affiliated Group Overseeing Space Station Lab Opens Local Office

CASIS, the organization that manages the U.S. national lab on the International Space Station, is setting up a permanent office in San Diego, Mayor Keven Faulconer announced on July 12.

Vice President Joe Biden to Talk Trade During Port District Visit

Vice President Joe Biden will make a stop at San Diego’s 10th Avenue Marine Terminal on July 13 to deliver remarks on trade enforcement, according to the Port of San Diego.

Dan Halvorson Named CFO at Ingenu Inc.

Ingenu Inc., the Scripps Ranch company that is rolling out a wireless network for the Internet of Things, named Dan Halvorson as executive vice president and chief financial officer. The company made the announcement July 11.

Kratos to Help Air Force Develop Unmanned Aircraft

Kratos Defense & Security Solutions Inc. said on July 11 that it will help the Air Force Research Laboratory develop an unmanned aircraft called the Low-Cost Attritable Strike Unmanned Aerial System Demonstration aircraft, abbreviated as LCASD.

ViaSat Opens R&D Office in Chennai, India

ViaSat Inc. said on June 30 that it opened a research and development office in Chennai, India.

National City Co. Awarded Navy Contract Worth $30.3 Million

The U.S. Navy awarded Adept Process Services Inc. of National City a $30.3 million contract for port operations at Joint Base Pearl Harbor Hickam in Hawaii.

Report: San Diego's Nonprofits Had $14.9 Billion in Revenue in 2013

San Diego’s nonprofit sector had $14.9 billion in revenue and $13.7 billion in expenses during 2013, according to a report released July 7.

Navy Awards ViaSat Contract Worth $48.3 Million

The U.S. Navy awarded Carlsbad-based ViaSat Inc. a contract that could be worth up to $48.3 million over five years.

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Meizu Has Home-Field Advantage in IP Battle With Qualcomm

This is obviously not territory for a first-timer. I would wager that Qualcomm Inc. has its best legal minds on this case.

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Deal Could Be Worth $3.16B for NASSCO

DEFENSE: First Contract For Oiler Is $640.2 Million

General Dynamics NASSCO received an order for six oilers — auxiliary ships that rendezvous with U.S. Navy combat ships at sea and refuel them — that could be worth in excess of $3.1 billion.

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Women Membership Is Low on S.D. Boards

LEADERSHIP: Study Also Questions Voting Procedure

San Diego’s public companies have fewer women on their boards than their national counterparts.

Cubic Contract Award Announced in Error, Pentagon Says

An $11.5 million U.S. Army contract modification for San Diego-based Cubic Corp., announced Tuesday, was announced in error.

Germany-based Curetis GmbH Opens North American subsidiary in San Diego

Germany-based Curetis GmbH has opened a North American subsidiary in San Diego and named Christopher M. Bernard as its leader.

Kratos Receives Multiple Contracts Worth $14 Million

Kratos Defense & Security Solutions Inc. said on July 5 that its modular systems unit received $14 million in contract awards.

Army Awards Cubic Corp. Contracts Worth $63.7 Million

Cubic Corp. received a total of $63.7 million through two recent U.S. Army contracts to provide training services at Fort Polk, La.

Kyocera to Consolidate Four Subsidiaries Into Main North American Operation

San Diego-based Kyocera International said July 1 that it planned to reorganize and fold four subsidiaries into its main North American organization.

Fifteen Companies Chosen to Participate in Metro Connect Program

Fifteen San Diego County companies will participate in the local World Trade Center’s Metro Connect program, a comprehensive support program to spur the companies’ global growth.

General Dynamics NASSCO Receives Contract That Could Be Worth $3.1 Billion

General Dynamics NASSCO received an order for six oilers — auxiliary ships that rendezvous with U.S. Navy combat ships at sea and refuel them — that could be worth in excess of $3.1 billion.

Navy Awards Contract to Blue Tech Inc.

Blue Tech Inc., a small business based in San Diego, is among 21 companies nationwide that received indefinite-delivery, indefinite-quantity contracts from the U.S. Navy to supply electronic equipment.

San Diego to Get $1.1 Million From Navy Contract

Some $1.1 million of a U.S. Navy contract supporting “shock trials” for a new littoral combat ship will be spent in San Diego.

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Good Company

Qualcomm Ventures Is on the Hunt For Promising Tech Startups to Back

It’s been 31 years since Qualcomm Inc. was a startup. Today the chip maker has revenue of $25.3 billion. Still, it is very much a part of San Diego’s startup scene: Its venture capital arm is a source of capital for a lot of new companies.

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Clarity in Battlefield Conditions Is Aim of ViaSat’s Radios

They call them JTACs, short for joint terminal attack controllers, and they have an unnerving job.

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FAA Issues Rules for the Commercial Operation of Drones

TECH: Aircraft Must Remain in The Sight of Operator

The Federal Aviation Administration has issued its first rules covering the commercial use of drones. The rules take effect in late August.

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Locking In Our Gains In Cybersecurity Field

TECH: Study Finds Growing Sector Still Needs Nurturing

Like Comic-Con, there are good guys and bad guys. But in cybersecurity, the bad guys are real, and the good guys pack more of an economic punch.

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