U.S. Navy, Japan and Saudi Arabia to Split Order for 65 Aircraft
The U.S. Navy awarded Kratos Defense & Security Solutions Inc. a $50.9 million contract modification to procure 65 BQM-177A Subsonic Aerial Targets.
MANUFACTURING: Electronic Component Maker Expects 2022 Sales to Exceed $63M
RF Industries Inc. (Nasdaq: RFIL), the electronic component maker based on Miramar Road, reported net income of $813,000 on net sales of $21.1 million during its fourth quarter, which ended Oct. 31.
NONPROFITS: End of Year Donation Largest Ever by SD Processor
Local nonprofit Feeding San Diego has received its largest food donation to date from San Diego-based Jensen Meat Co.
HEALTHCARE: OmniSYS Deal Bolsters Link Between Providers and Payers
San Diego-based XIFIN has acquired OmniSYS, a leading provider of technology solutions for the retail pharmacy industry.
FINANCE: SeedFolio Fund 2 Raises $16M
SeedFolio, a new San Diego-based seed-stage venture capital firm launched in March 2021, is already well on its way to raising its first $20 million.
ECONOMIC DEVELOPMENT: SDNEDC Honors Retiring Development Director
Kevin Ham has worked as a grocery store clerk, owned his own computer retail store and sold insurance. “Those experiences really prepared me well for the industry I am very well-suited for, which is economic development,” Ham said.
RF Industries Inc. (Nasdaq: RFIL), the electronic component maker based on Miramar Road, has agreed to buy Microlab LLC from New Jersey-based Wireless Telecom Group Inc. (NYSE: WTT) for $24.25 million cash.
RETAIL: New Product Launches Responsible for Growth, According to Co.
VitaCup, the manufacturer of vitamin-infused coffee and/or tea pods, bags and instant sticks, continues to expand through new product development.
BIOTECH: Deal Gives Arena Shareholders 100% Premium; Stock Surges
One of San Diego’s best-known biotech companies is being acquired by one of the world’s biggest pharmaceutical companies.
First USDA-Certified Hard Cider Available in Cans
Coronado Brewing Company, a Coronado-based craft brewery, continues to reach new milestones.
BIOTECH: Deal Includes Potential for $215M More in Royalties
Blueprint Medicines Corporation (Nasdaq: BPMC) will acquire Lengo Therapeutics, a privately held precision oncology company based in San Diego, for $250 million in cash.
Pfizer Inc (NYSE: PFE) has agreed to buy San Diego-based Arena Pharmaceuticals (Nasdaq: ARNA) in a $6.7 billion all-cash transaction, the companies announced on Monday.
Total Wine & More is a wine and beer superstore, featuring more than 8,000 wines, 3,000 spirits and 2,500 beers.
U.S. Navy Will Place Delivery Orders Up to $655 Million Through 2026
The U.S. Navy awarded contracts to six companies for complex repair, maintenance and modernization of non-nuclear Navy surface combatant class ships — specifically cruisers and destroyers — homeported in or visiting San Diego.
Vista-based Firm’s Organic Soap Powering Growth
Dr. Bronner’s, the Vista-based producer of organic soap and personal care products, has released its 2021 All-One Report.