Recent and archived news stories on: Aerospace, Agribusiness, Chemicals, Electronics, Energy, Fabrication, Industrial, Plastics, Textiles...

$50.9M Target Drone Contract Goes to Kratos Defense

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.

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RF Industries Has $57M Year, Agrees to Buy Microlab

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.

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Jensen Meat Donates 250 Tons of Plant-Based Patties to Feeding San Diego

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.

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XIFIN Expands into Pharmacy Market with OmniSYS Acquisition

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.

New VC Firm Targets Early Life Science Startups

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.

Kevin Ham ‘Made a Difference’

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.

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RF Industries Has $57M Year, Signs Deal to Buy Microlab

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.

VitaCup to Reach Nearly $30M in Revenue in 2022

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.

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Pfizer Buying Arena for $6.7 Billion

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.

Coronado Brewing Co. Releases Hard Cider

First USDA-Certified Hard Cider Available in Cans

Coronado Brewing Company, a Coronado-based craft brewery, continues to reach new milestones.

Blueprint Medicines Buying SD’s Lengo Therapeutics for $250M

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 Buying Arena Pharmaceuticals for $6.7B

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 Opening Two San Diego Stores

Total Wine & More is a wine and beer superstore, featuring more than 8,000 wines, 3,000 spirits and 2,500 beers.

Ship Repair Contracts Go to Six Companies

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.

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Dr. Bronner’s Hits $188M in Revenue in 2020

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.