Who Will Follow in the Philanthropic Footsteps Of Those Who Have Given So Much to San Diego?
That person is out there: San Diego’s next big donor, who will put a name on a major civic, arts or university building.
General Atomics said it received a contract from the U.S. Special Operations Command to deliver prototype lithium-ion battery systems for manned submersibles. The company is supplying what it calls LiFT, or lithium-ion fault-tolerant battery systems.
UC San Diego Health said it received a $25 million pledge from the Wertheim Family Foundation to fund a public health initiative at the university.
San Diego-based Seacoast Commerce Bank reported net income of $3.47 million in the third quarter of 2018. The figure is up 144 percent from the third quarter of 2017, when net income was $1.43 million.
The coming of autonomous vehicles, as well as vehicles connected by radio, is a big deal for McCain Inc. The Vista-based company employs more than 500 people and specializes in advanced traffic control equipment, notably the electronics that run traffic signals.
TECH: San Diego Co. Is Turning Away Work, But Still Making Acquisitions
Jim Cable is back for another go-round as chief executive of PSemi Corp., the semiconductor unit of Japan-based Murata Manufacturing Co. Ltd.
After acquiring most of Dallas-based Oncor earlier this year, San Diego-based Sempra Energy wants to build on its investment in Texas with an investment totaling more than $1 billion in publicly traded InfraREIT.
DEFENSE: Viasat Gets System in Hands Of Troops in 17 Months
Viasat Inc. did not take the conventional path to developing the handheld radio known as BATS-D, which soldiers on the ground use to call in airstrikes on enemy positions.
Viasat Inc. said on Oct. 15 that its in-flight satellite connectivity equipment will be a factory-installed option in Gulfstream G280 business jets.
DEFENSE: Particle Separator May Save Filters and Engines
Lily Aragon’s company has Southern California written all over it.
The U.S. Navy issued a preliminary contract that will let General Dynamics NASSCO build a sixth in a series of ships for expeditionary warfare.
Kratos Defense & Security Solutions Inc. said on Oct. 15 that it has licensed its Common Data Link radio technology to Harris Corp. for use in Harris’ handheld NanoSVDL radios.
Sempra Energy, working in conjunction with an activist investor group, named Cynthia L. Walker and Michael N. Mears to its board of directors on Oct. 11.
Connecticut-based Planet Home Lending LLC announced on Oct. 11 that it has opened a branch office in Chula Vista’s Eastlake district.
The usual deluge of contract awards came with the end of the Pentagon’s fiscal year.
Northrop Grumman Corp. said this month that it delivered all of its JCREW software-programmable signal jammers created during the program’s low-rate initial production phase. Final delivery of the dismounted systems was in June.
TECH: Military Is Major Customer for Software, Hardware
Making radios that successfully connect on the battlefield is a real-world challenge. When soldiers have to go into cities — or tunnels — radio communication gets even more difficult.
Kratos Defense and Security Solutions Inc. said Oct. 11 that it received more than $30 million in scope increases on multiple existing military training contracts.
General Atomics is part of a team that wants to support NASA’s next, unmanned trip to the moon. Under a proposal submitted to NASA, GA’s Electromagnetic Systems division would build a lunar lander in the United States.
Harper Construction Co. recently won two Pentagon construction contracts, for work on "starship barracks" and high-explosive magazines.
Japanese food and drug manufacturing giant Ajinomoto Group is reorganizing, placing three disparate drug-making businesses on three continents under one umbrella.
Cubic Corp. said that it is in the process of hiring 150 people in San Diego for new positions in its transportation business. It also plans to upgrade its headquarters in Kearny Mesa to accommodate company growth.
Leidos Inc. recently received a five-year, $57.8 million task order to perform work at Naval Health Research Center in San Diego.
U.S. Bank has promoted Manuel E. Rodriguez to San Diego market president. Rodriguez, 38, was previously vice president within commercial banking at U.S. Bank in San Diego.
In what some brokers are calling the biggest deal in a decade or more, RAF Pacifica Group has sold a portfolio of 12 industrial and office buildings in North County San Diego and Temecula to an undisclosed industrial investor for $170 million.
Viasat Inc. said on Oct. 3 that a major investor, the Baupost Group LLC, will get a presence on its board as a non-voting observer. As of Oct. 4, Baupost had an $861 million stake in the Carlsbad company.
2018 Best Places to Work Winners: Mega Employer Category (2,000 Or More U.S. Employees)
BUILDING: From Nonprofit Efforts to Instant Bonuses, Co. Recognizes Good Work
ENERGY: Co. to Serve Other Customers; It May Hurt Facility Construction
The Chinese government’s new schedule of tariffs should be no concern for San Diego’s Sempra Energy, according to at least one industry analyst.
TECH: Cases for Phones, Laptops Address Concerns Over Radiation Exposure
Cary Subel and Alaey Kumar have built a business on the foundation of technology — specifically, public unease over technology.
Kratos Defense and Security Solutions Inc. announced Oct. 2 that it received a new contract award for six high-performance, jet-powered unmanned aerial drone system aircraft.
The U.S. Navy is mulling its options to renovate or redevelop its 42-acre SPAWAR complex in Old Town — a former aircraft factory — as well as a nearby 24-acre complex on Sports Arena Boulevard.
Cohu Inc., the Poway company that makes equipment for semiconductor factories, announced on Oct. 1 that it has completed its acquisition of Massachusetts-based Xcerra Corp. for about $800 million.
NASA has awarded General Atomics a $38.5 million contract to host a NASA instrument on a GA Electromagnetic Systems Group satellite, which is scheduled for launch in 2022.
PSemi, the business formerly known as Peregrine Semiconductor, announced that former CEO Jim Cable will take the role of pro tem CEO. He succeeds Stefan Wolff, who will remain as a strategic adviser until December.
Viasat announced new customers for its in-flight satellite internet service, which provides Wi-Fi to airline passengers.
Mira Mesa-based Inseego Corp. is supplying the wireless routers for Verizon’s in-home 5G broadband service. Financial terms of the relationship, announced Sept. 13, were not disclosed.
Cubic Corp. said it received a $22 million contract to upgrade the fare collection system of a current client, the Los Angeles County Metropolitan Transportation Authority. The agency, also called Metro, uses a smart card called TAP.
Continuing a winning streak in transportation, Cubic Corp. received a $394 million contract to provide the fare collection system for the San Francisco Bay Area’s transit providers. The deal runs through 2032.
NONPROFIT: Group Seen as Example of Cooperation, Effectiveness
The San Diego Military Advisory Council has become a role model.
Carlsbad-based GigaIO Networks Inc., which is developing a novel computer architecture, received $4.5 million in its series A round. Mark IV Capital led the round, announced on Sept. 25.
Cubic Corp. said it received a $22 million contract to upgrade the fare collection system of a current client, the Los Angeles County Metropolitan Transportation Authority.
Renovate America Inc. of Rancho Bernardo plans to lay off 83 employees by Oct. 30, according to the state Employment Development Department.
In the latest round of job cuts this year, Qualcomm Inc. plans to lay off 94 San Diego employees by Nov. 20.
San Diego-based Coffman Specialties Inc. received a $15.8 million task order to repair airfield pavement at March Air Reserve Base in Moreno Valley.
The Connect accelerator program has set Nov. 29 — that’s the Thursday after Thanksgiving — as the date for naming its latest set of Most Innovative New Products.
General Dynamics NASSCO was scheduled to begin building a series of U.S. Navy auxiliary vessels Sept. 20 at its Barrio Logan shipyard.
Sempra, Activists Strike Deal for Board Change, Business Review
Sempra Energy has signed a deal with activist investors Elliott Management Corp. and Bluescape Energy Partners LLC, agreeing to seat two new board members among other provisions.
Fifteen small defense contractors from San Diego County have been chosen to participate in the Defense Innovation Voucher program, called DIVx for short.
Vision-impaired people working to navigate their way around UC San Diego now have some significant help from Aira, the San Diego startup.
Sempra Energy has agreed to sell its U.S. non-utility solar energy generation assets, one wind facility and certain battery storage facilities to Consolidated Edison Inc. for $1.54 billion in cash.