AT&T Inc. is laying off 101 employees in San Diego County, representatives of the employees’ labor union said earlier this month. The cuts affect premises technicians who install new services and make repairs.
shipbuilding: Ship Costs $642M; Program Could Be $8B
General Dynamics NASSCO laid the keel for the first of up to 20 new U.S. Navy oilers — Navy auxiliary ships that refuel fighting ships in the middle of the ocean.
TECHNOLOGY: Transit Agency Inks $68.2M, 5½-Year Deal
Cubic Corp. received a $68.2 million contract extension to maintain and support the fare collection system for the Los Angeles County Metropolitan Transportation Authority, or LA Metro.
DEFENSE: Rancho Bernardo Business Bought Back $2.2M of Its Stock
LRAD Corp., the maker of Long Range Acoustic Devices able to deliver sound over great distances intelligibly, reported net income of $1.18 million, or 4 cents per share, on total revenues of $10.2 million during its second quarter, which ended March 31.
ENERGY: Battery Maker Plans to Move to Larger Facility
Flux Power Holdings Inc., which produces advanced lithium batteries for small industrial vehicles, reported a net loss of $3.8 million, or 8 cents per diluted share, on net revenue of $1.75 million during its third quarter, which ended on March 31.
This concludes the company’s search for strategic and financing alternatives, the business said in a news release.
DEFENSE: Acquisition Of Florida Turbine Technologies Closes
Kratos Defense and Security Solutions completed the first quarter of 2019 on March 31 with net income of $3.1 million, or 3 cents per share, on revenue of $160.4 million.
ECONOMY: Profits, Hiring Plans and Policy Changes Support Outlook
Who is confident about the San Diego County economy? A lot of business people.
Oklahoma traces its place in the aviation world to 1933, when resident Wiley Post made the first solo, round-the-world flight.
What’s spindly and gray, with twin tails and a backward-facing propeller? Nope, it’s not a riddle. It probably was what a lot of people at Montgomery Field were asking each other on April 17 as they viewed the strange aircraft on the other side of the chain-link fence.