Brad Graves

Reporter & Special Sections Editor

Email: bradg@sdbj.com
Phone: 619-366-6627

Recent Stories

Kratos Reports Q1 Revenue of $196M

New Acquisition Specializing in Signals, Space Adds to Top Line

Kratos Defense & Security Solutions Inc. (Nasdaq: KTOS) — the Scripps Ranch corporation providing military customers with electronics, drones and other products and services — posted a net loss of $15.9 million, or 12 cents per share, on revenue of $196.2 million during its first quarter.

Looking Over Borders, Into Ukraine

Unmanned Aircraft With San Diego Roots Have Monitored the War

Two markedly different models of unmanned aircraft with San Diego County roots have been gathering intelligence and helping the United States assess the status of the war in Ukraine.

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Qualcomm’s Franklin Antonio Passes Away

Franklin Antonio, one of seven people who founded Qualcomm Inc. (NASDAQ: QCOM) in 1985, has died, the company announced.

Fleet Evolves, Ship Repair in Flux

Association Tracks Arrivals, Departures, Decommissionings

As U.S. Navy officials continue to deliberate the size and makeup of their fleet, the Port of San Diego Ship Repair Association watches for clues about what its future workload will look like.

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Raytheon Supports DDG 1000 Ships

Approximately $106 Million of Work to Be Performed in San Diego

The U.S. Navy awarded the Raytheon Missiles & Defense segment of Raytheon Technologies Corporation (NYSE: RTX) a one-year, $482.7 million contract for work on its Zumwalt-class destroyers. Some 22% of the work, estimated at $106.2 million, will be performed in San Diego, where the ships are based.

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USD Students Take 1st Place in NAIOP University Challenge

EDUCATION: USD Real Estate Students Figure Out Highest and Best Use for Premium Site

A team of eight undergraduate real estate students at the University of San Diego’s Knauss School of Business took on the challenge of redesigning a San Diego shopping center — at least on paper — and took first place in the 2022 NAIOP University Challenge.

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Scholarship Honors Outstanding Real Estate Student

EDUCATION: Burnham-Moores Center Award Is Annual Memorial to Daniel Woodruff

The Burnham-Moores Center for Real Estate at the University of San Diego’s Knauss School of Business announced this month that Nicholas (Nick) Bost, a member of the class of 2022, is the recipient of the Daniel B. Woodruff Memorial Scholarship.

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ALS Fiesta Scheduled for May 18 at Valley View Casino & Hotel

The ALS Association of San Diego will host its 7th annual ALS Fiesta on Wednesday, May 18 at Valley View Casino & Hotel. Festivities begin at 6 p.m.

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Sempra Posts Q1 Earnings of $612M

Sempra Energy (NYSE: SRE) bucked the general stock market trend Friday with shares gaining value as major indexes lost value. Shares closed up 3.7% to $164.85.

Viasat Pulls in NASA Contract

Deal May Lead to Further Work With the Space Agency

Carlsbad-based Viasat Inc. (NASDAQ: VSAT) received a $53.3 million contract from NASA to provide real time communications services for low Earth orbit (LEO) satellites.

Free Virtual May 10 Event Shines Light on Human Trafficking

The nonprofit San Diego Harbor Police Foundation will present a free virtual event on human trafficking in San Diego. Viewers are welcome to join between 5:30 p.m. and 6:30 p.m. on Tuesday, May 10.

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Japan Coast Guard to Fly GA-ASI Aircraft

Other International Programs Occupy Poway Company

General Atomics Aeronautical Systems Inc. will provide unmanned aircraft to Japan’s coast guard, the Poway business announced on April 6.

SAIC to Support Navy Tactical Networks

Contract Adds Up to $40 Million of Work Set to Conclude in Mid-2023

The U.S. Navy awarded Science Applications International Corp. (NYSE: SAIC) of Reston, Virginia a $41 million modification to a previously awarded contract to provide continuing sustainment support of integrated afloat and ashore tactical computer networks.

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Organizations Team Up to Help Military Spouse Entrepreneurs

An entrepreneurship program for military spouses, leveraging the talents of three organizations, has kicked off its third cohort.

Partners to Adapt 5G for Battlefield

Northrop Grumman Pursues Wireless R&D With AT&T

Northrop Grumman Corp. (NYSE: NOC) announced on April 5 that its advanced mission systems business plans to leverage 5G wireless communications technology to support the U.S. Department of Defense.

Funds For Lot 17 F-35s Coming to Region

Lockheed Martin to Spend $5.2 Million in the San Diego Area

The U.S. Navy awarded Lockheed Martin Corp. a $261.4 million modification to a previously awarded contract for F-35 fighter aircraft. Some 2% of the work, valued at approximately $5.2 million, will be performed in San Diego.

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Northrop to Keep Aircraft Mission Capable

Deal Applies to BAMS-D, Which Adapted Global Hawk for Navy Use

The U.S. Navy awarded Northrop Grumman Corp. (NYSE: NOC) a modification to a previously awarded contract related to unmanned aircraft that gather intelligence.

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Tatsuo Bizen of Murata Takes CEO Role at pSemi

TECHNOLOGY: Company Veteran to Lead Semiconductor Producer in Miramar Area

pSemi Corp., a maker of electronic components based in the Miramar area, has announced the appointment of Tatsuo Bizen as its CEO, effective April 1.

Solomon to Lead Division at GA

Research Seeks to Make Fusion an Energy Source

General Atomics has named Wayne Solomon, Ph.D. as vice president for its Magnetic Fusion Energy (MFE) Division, overseeing nuclear fusion experiments at the GA/U.S. Department of Energy facility on Torrey Pines Mesa.

Petco Park Offers New Menus as Padres Kick Off ’22 Season

SPORTS BUSINESS: Ballpark’s 70 Suites Are All Remodeled; Home Opener Set for April 14

Take me out to the ballgame … buy me hot chicken and an acai bowl? Of course. With the 2022 baseball season underway, the San Diego Padres are offering some very contemporary food and beverage options at Petco Park.

Sempra Pursues Additional LNG Business

ENERGY: Corporation May Partner on Wind Energy Project in California Waters

Sempra (NYSE: SRE) issued several announcements about its liquefied natural gas (LNG) export business in late March and early April, offering a glimpse of its business development process and potential future.

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$89.4 Million Ship Repair Deal Could Grow

BAE Systems to Perform Depot Modernization on Destroyer USS Mustin

The U.S. Navy awarded BAE Systems San Diego Ship Repair in Barrio Logan an $89.4 million firm-fixed-price contract covering maintenance, modernization and repair to the USS Mustin, a guided-missile destroyer of the Arleigh Burke class.

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Viasat Sweetens Deal for Inmarsat

Carlsbad Company Pledges Investment in United Kingdom

Viasat Inc. (NASDAQ: VSAT) is engaged in some international diplomacy to get its proposed, $7.1 billion acquisition of Inmarsat over the finish line.

Pentagon Spending Plans for 2022 Set, 2023 Proposed

DEFENSE: Stopgap Spending Bills Offered Limited Options, Contractors Say

The final piece of the 2022 Pentagon budget fell into place in mid-March when Congress passed and President Biden signed an omnibus federal spending bill, five and one half months into the federal fiscal year.

Epsilon, Walashek to Tend Landing Craft

Small Businesses Will Receive up to $14.3M Under Deal

The U.S. Navy awarded two small businesses based in San Diego — Epsilon Systems Solutions as well as Walashek Industrial & Marine Inc. — a contract modification with a combined ceiling of $14.3 million to perform ship repair services to Landing Craft Air Cushion (LCAC) watercraft.

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Kratos Aircraft a Museum Piece

First XQ-58A Valkyrie Is Part of Air Force History

It was a short career for XQ-58A Tail No. 1, but one that put it in the history books.

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Palomar Health Seeks to Make a Difference in Ukraine

Palomar Health is making an effort to meet medical needs in Ukraine. The organization plans to send medical supplies to the country as well as medical staff once it is safe to do so.

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Northrop to Sustain Navy’s Triton Aircraft

$21.9 Million of Contract Directed to San Diego; Deal Lasts Through 2023

The U.S. Navy awarded Northrop Grumman Corp. (NYSE: NOC) a $97.3 million contract modification, exercising options to provide continued test, maintenance, logistics and sustainment engineering support for MQ-4C Triton air vehicles, mission control and operator training systems.

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U.S. Space Force Taps GA for Satellite

Weather Observation System Scheduled for Launch in 2024

The U.S. military has given a boost to a satellite program from General Atomics.

Ace to Manage Parking at 34 Airports in Spain

Ace Parking announced on March 21 that it began managing parking facilities at 34 airports in Spain, which handle 100 million parking transactions per year.

TOOTRiS to Provide Employee Benefits to 3,000 at Mazda Toyota Manufacturing

Mazda Toyota Manufacturing of Huntsville, Alabama announced on Wednesday that it is partnering with San Diego-based TOOTRiS to provide child care assistance to its 3,000 employees.

Callaway Golf Co. Names Varsha Rao to Its Board

SPORTING GOODS: Executive Has Experience in Tech, International Business and Startups

Callaway Golf Co. (NYSE:ELY) announced on March 15 that it appointed Varsha Rao to its board of directors.

WD-40 CEO Garry Ridge to Retire

Garry Ridge, longtime CEO of WD-40 Co. (NASDAQ: WDFC) is retiring on Aug. 31. Steve Brass, president and COO of the company, has been tapped to succeed Ridge as CEO.

Rao Named to Callaway Golf Board

Callaway Golf Company (NYSE:ELY) announced on March 15 that it appointed Varsha Rao to its board of directors.

BAE Deal Worth a Minimum of $125.5M

Ship Repair Business to Service USS Essex; Amount of Award May Grow

The U.S. Navy awarded BAE Systems San Diego Ship Repair a $125.5 million contract to maintain, modernize and repair the amphibious ship USS Essex during an operation that is expected to take more than a year.

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H.G. Fenton Residential Communities Lauded

Mission Valley-based H.G. Fenton Company, which oversees more than 3,500 apartments in the San Diego region, recently took several honors related to that business.

Kratos Defense Has $812M Year

Diversified Firm Expects 2022 Revenue of at Least $880M

Kratos Defense & Security Solutions Inc. (Nasdaq: KTOS) closed the books on 2021, reporting revenue growth of 8½% while turning in a very modest loss of 2 cents per share.

Cox Offers Its Telephone Customers Free Calls to Ukraine, Eastern Europe

Cox Communications announced that the company will provide Cox Voice customers with free long distance calling to Ukraine, Hungary, Romania, Poland, Bulgaria and Moldova through at least March 7.

IT Executive Group Helps the Next Generation

TECHNOLOGY: SIM San Diego Distributes Almost $30,000 in Scholarships

SIM San Diego has reached a significant milestone in its support of students studying technology. The organization has given away $200,000 worth of scholarships with its most recent round of awards.

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CFO of the Year Awards Set for March 24; Tickets Are Still Available

One of the premier business networking events of the season — the CFO of the Year Awards — is this week. Tickets are still available.

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CEO Awards Arrive in June; Nominate Now

Nominations are now open for the region’s premier event honoring company leaders.

Delivery Milestone for Northrop Grumman

First Production Triton Carrying IFC-4 Payload Goes to U.S. Navy

Northrop Grumman Corp. (NYSE: NOC) announced earlier this month that it delivered its first production MQ-4C Triton aircraft equipped with sophisticated “IFC-4” electronics to its U.S. Navy customer. The company bases its Triton program in Rancho Bernardo.

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Viasat Sees Record Revenue in Q3

Launch of First ViaSat-3 Satellite Now Scheduled for Late Summer

Viasat Inc., the Carlsbad business with one foot in government contracting and the other foot in commercial and consumer businesses, reported a net loss of $6.6 million, or 9 cents per share, on revenue of $719.7 million in the quarter that ended Dec. 31.

GA-ASI and U.S. Army Update Gray Eagle Technology

General Atomics Aeronautical Systems Inc. is improving satellite data links for a U.S. Army version of its Predator-family unmanned aircraft

ResMed Grows Business Despite Supply Chain Constraints

MEDICAL DEVICES: Revenue is Up 12%; CEO Forecasts Improved Component Availability

Facing what its CEO called “a perfect storm” of circumstances, medical device maker ResMed Inc. (NYSE:RMD) concluded its second quarter with net income of $201.8 million, or $1.37 per share, on revenue of $894.9 million.

NASSCO Gets $48M in Dry Dock Work

USS Curtis Wilbur Returns From Extended Deployment in Japan

The U.S. Navy awarded General Dynamics NASSCO a $47.7 million firm-fixed-price contract for dry dock work on the USS Curtis Wilbur, an Arleigh Burke-class guided missile destroyer.

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Northrop Grumman Aircraft Goes to Work for Navy

DEFENSE: Crews Deploy Unmanned MQ-8C Fire Scout Off Latin America

The U.S. Navy chose a counter-narcotics operation in waters near Central and South America for the initial deployment of an unmanned helicopter called the MQ-8C Fire Scout.

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France Asks to Buy GA Tech

Sale of Aircraft Carrier Gear Could Amount to $1.32 Billion

The U.S. government has announced a potential foreign sale of General Atomics’ advanced aircraft handling equipment for aircraft carrier ships.

San Diego Firms Benefit From F-35 Orders

Contract for Long-Lead Items Worth Approximately $17M Locally

The U.S. Navy awarded Lockheed Martin Corp. an $847 million modification to a previously awarded advance acquisition contract for F-35 Lightning II fighter jets.

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New Chairman, CEO for Cubic

DEFENSE: Leadership Changes Follows Sale

Stevan Slijepcevic, a former Honeywell Aerospace executive, has taken the CEO’s chair at Cubic Corp. Cubic also named a new chairman, Mac Curtis.

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