| San Diego Business Journal

FBI Issues Warning Over Cyber Threats

CYBERSECURITY: Agents Cite Potential Harm From Bad Actors

There is evidence that hackers are attempting to spy or steal military or business secrets from San Diego businesses, according to leaders at the FBI’s San Diego field office in Sorrento Valley.

Kratos to Expand Alabama Business

Southern Research Acquired for $80M; Hypersonic Work Eyed

Kratos Defense & Security Solutions Inc. (NASDAQ: KTOS) has acquired another company — this one in the aerospace center of Birmingham, Alabama. With the help of local government, the Scripps Ranch business plans to expand in that city, and go after work in hypersonic flight.

NASSCO Inks $600M in Ship Contracts

SHIPBUILDING: Funds Will Support Preliminary Work on 3 Vessels

General Dynamics NASSCO signed $600 million in ship construction deals that will keep its Barrio Logan shipyard, as well as subcontractors throughout the country, busy from mid-2023 through 2027.

Qualcomm Reports Quarterly Revenue of $10.9 Billion

WIRELESS: New Samsung Pact Signed; CEO Cites Strong Long-Term Outlook

Qualcomm Inc. (NASDAQ: QCOM) reported net income of $3.73 billion on revenue of $10.94 billion during its third quarter, which ended June 26. Net income rose 84% from the same quarter of 2021. Revenue rose 36%.

GA-ASI to Maintain Reaper Aircraft in $34.6M Deal

AEROSPACE: Poway Company Will Offer Support in Yuma and an Undisclosed Location

The Department of the Navy awarded Poway-based General Atomics Aeronautical Systems Inc. a $34.6 million modification to a previously awarded contract, covering maintenance, logistics and sustainment.

Viasat Names a New CEO

TECHNOLOGY: Dankberg Resumes Role as Top Executive

Mark Dankberg, a founder of Viasat Inc. and its chairman and CEO for most of its 36-year existence, has retaken the reins of the Carlsbad-based satellite services company.

General Dynamics NASSCO Christens ‘Sea Base’ Ship

SHIPBUILDING: USNS John L. Canley Will Support a Variety of Military Operations

General Dynamics NASSCO christened the USNS John L. Canley, the fourth ship for the U.S. Navy’s Expeditionary Sea Base (ESB) program on Saturday, June 25 at its Barrio Logan shipyard.

Sapporo to Buy Stone

BREWING: Deal, Reported to Be $165M, Set to Close in August

North County-based Stone Brewing has agreed to be acquired by Sapporo U.S.A., the two companies announced on June 23. The major Japanese brewer’s deal to acquire craft brewer Stone for a reported $165 million is expected to close in August.

Big Bay Boom Returning to San Diego Bay

TOURISM: July 4 Spectacle to Benefit Armed Services YMCA

With the Fourth of July on its way, organizers of the Big Bay Boom fireworks show are preparing for another spectacle in the skies over San Diego Bay.

Sapporo to Buy Stone Brewing

Escondido-based Stone Brewing has agreed to be acquired by Sapporo U.S.A., the two companies announced late Thursday (June 23).

Northrop Grumman Pacts Worth $71M

Funds Benefit Triton Unmanned Aircraft Fleet for U.S. Navy, Australia

The U.S. Navy recently awarded Northrop Grumman Corp. (NYSE: NOC) several contracts related to its MQ-4C Triton unmanned aircraft system. The program is based in Rancho Bernardo.

BAE Systems Eyes Cyber for Utilities

Proprietary Computer Code Meant to Stymie Bad Actors

Cybersecurity for power grids, water supply systems, telecom networks and transportation systems is an increasingly important business for defense contractor BAE Systems.

$1B Acquisition for ResMed

SOFTWARE: German SaaS Provider Complements Offerings

ResMed (NYSE: RMD) announced on Tuesday (June 14) that it has entered an agreement to buy MEDIFOX DAN, a privately held German company specializing in out-of-hospital software solutions, for $1 billion.

A Flurry of F-35 Work for San Diego

Prime Contractor Lockheed Martin Has Subcontractors in Region

The U.S. Department of Defense recently announced several contracts for its multi-service F-35 Lightning II fighter: deals which will send funds to San Diego businesses.

ResMed in $1B Deal to Acquire German SaaS Firm

ResMed (NYSE: RMD) announced on Tuesday (June 14) that it has entered an agreement to buy MEDIFOX DAN, a German company specializing in out-of-hospital software solutions, for $1 billion.

BBB Pacific Southwest and SDBJ Present the 2022 Cause Conference

Better Business Bureau Serving the Pacific Southwest (BBB) and San Diego Business Journal (SDBJ) announced plans to host the 2022 Cause Conference (CC) on Thursday, September 15 at the University of San Diego.

WD-40’s Garry Ridge to Receive Lifetime Achievement Award

LEADERSHIP: SDBJ's CEO Event Is in Association With Burnham Center for Community Advancement

Garry Ridge, longtime CEO of WD-40 Company (NASDAQ: WDFC), will be honored with a Lifetime Achievement Award on Thursday, June 30 when the San Diego Business Journal presents its 2022 CEO of the Year Awards.

City National Bank Supports Habitat for Humanity

City National Bank has provided close to 80 hours of volunteer service to San Diego Habitat for Humanity in support of the nonprofit’s Women Build program.

Cubic to Upgrade Air Combat Training System

Cybersecurity Work Could Be Worth Up to $90.6M Over Six Years

San Diego-based Cubic Corp. has long helped fighter pilots train with what is known as its P5 Combat Training System, or P5CTS, which is featured in the "Top Gun" movie franchise.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

$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.

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.

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.

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.

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.

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.

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.

Brad Graves

Reporter & Special Sections Editor

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