| San Diego Business Journal

Kratos Reports Q2 Revenue of $151M

Kratos Defense & Security Solutions Inc. reported a net loss of $7.7 million on revenue of $151.2 million during the company’s second quarter, which ended on July 1.

Capacitor-Maker Maxwell Closes Public Offering

Maxwell Technologies Inc. said Aug. 13 that it closed a public stock offering of 8,580,000 shares at $3.25 per share.

Cybersecurity Specialist Fhoosh Names Carter Chairman

Cybersecurity software company Fhoosh has named Scott Carter chairman of the board. The company made its announcement Aug. 15.

LRAD Grows Revenue, Shrinks Loss

LRAD Corp. reported a net loss of $80,000 on revenue of $7.5 million in its third quarter, which ended June 30.

Flooding Incident Prompts Up to 1,493 NASSCO Layoffs

General Dynamics NASSCO said it plans to lay off part of its workforce because of a flooding incident in a dry dock in mid-July.

Merlin Teams Up to Expand Its UAV Services

DEFENSE: 3 Cos. Coming Together Will Handle Variety of Roles

“Bob, 51 & Brian, 49, will start a company to support Big Safari and make things happen, with planning starting in 2007 and operations in 2008.”

Turtle Beach Increases Revenue 218 Percent

Turtle Beach Corp., a maker of gaming headsets and accessories, reported net income of $6.3 million on net revenue of $60.8 million.

Trade War May Complicate Sempra’s LNG Plans

ENERGY: Company Is In ‘Constructive’ Talks With Activist Investors

Sempra Energy’s plans to build a liquefied natural gas (LNG) export business could get bogged down in a widening U.S.-China trade war, though Sempra CEO Jeff Martin struck a cautious tone while speaking with analysts about the prospect.

Employment Law Firm Announces Name Change

Berger, Williams & Reynolds LLP, or BWR, is the new name of the downtown law firm specializing in employment and business litigation.

GA Hones Carrier System’s Capabilities

One day shy of the first anniversary of a fighter jet launching off the USS Gerald R. Ford, the Naval Air Systems Command released a statement saying its General Atomics aircraft-handling machinery is progressing through a comprehensive test program.

Viasat Grows Revenue, Says More Expansion to Come

Viasat Inc. recorded a higher net loss — and higher revenues — in its latest quarter.

NuVasive and Siemens Form Partnership

NuVasive Inc. said Aug. 9 that it has formed a strategic partnership with Germany-based Siemens Healthineers.

Portable Nuclear Power Reactor Program Advances at GA

ENERGY: Company Aims For Less Waste, More Safe, And Less Expensive Model

Naysayers are nothing new for General Atomics. While others say nuclear power is on the decline, the privately held company is betting on a vision of small reactors cooled by helium gas.

Cubic’s Quarterly Sales Reach $296.2M

Cubic Corp. reported net income of $6.3 million on net sales of $296.2 million for its third quarter, which ended June 30.

Sempra Subsidiary Agrees to $119.5M Legal Settlement

Sempra Energy subsidiary SoCalGas announced on Aug. 8 that it will settle certain legal claims against it stemming from the leak at the Aliso Canyon natural gas storage facility.

Inseego Receives $19.7M Private Placement

Inseego Corp. said Aug. 6 that it received a private placement of $19.7 million from an affiliate of Tavistock Group as well as North Sound Partners.

Emerald Textiles Acquired

Encore Textile Services has acquired Emerald Textiles, a San Diego-based health care linen service provider.

Space Micro Inc. Sees Its Stars Align in Markets

TECH: Govt. and Commercial Markets Keep Company Busy

Some days are simply good beach days; a variety of earthly forces align and the waves turn out to be perfect.

AMN Reports Record Quarterly Revenue

AMN Healthcare Services Inc., the San Diego-based health care staffing company, reported net income of $35.5 million on revenue of $558.1 million in the second quarter of 2018.

From Personnel To Systems, Spending Is Likely To Deliver For San Diego

A just-passed, 1,322-page spending bill will let the U.S. Navy buy its fourth next-generation aircraft carrier, more Triton unmanned aircraft, a ship that doubles as an offshore military base and much more.

Asset Acquisition Gives Cubic Greater UAV Presence

Cubic Corp. has acquired the assets of a small business that builds unmanned aircraft.

S.D. Hangs on to 2 Carriers as Navy Makes Shifts

Two aircraft carriers will continue to call San Diego home following changes announced by the U.S. Navy on Aug. 2.

Kratos Reports Revenue of $151M; Drone Business Grows

Kratos Defense & Security Solutions Inc. reported a net loss of $7.7 million on revenue of $151.2 million during the company’s second quarter, which ended on July 1.

Evotek Expands Its Markets and Builds Up Its Business

TECH: Systems Integrator Adept in Cloud, Data Center

The world of enterprise IT — information technology for big organizations — has been very good to one San Diego company.

Shipbuilder Austal Gets $14.8M Award

The U.S. Navy awarded Austal USA LLC a $14.8 million award to support the post-shakedown availability of the USS Tulsa, a littoral combat ship.

Shipyard Prepares for Layoffs

Huntington Ingalls Industries, which runs a U.S. Navy ship repair business in Barrio Logan, anticipates laying off 60 workers on Aug. 3, a spokeswoman said.

Woodside Bows Out of Sempra’s Texas LNG Project

Australia-based Woodside Petroleum Ltd. will not pursue a partnership with Sempra Energy to develop Sempra’s liquefied natural gas (LNG) terminal in Port Arthur, Texas.

La Jolla Playhouse Names Development Director

La Jolla Playhouse has named Julia B. Foster director of development.

Shipbuilder Austal USA Is Beefing Up Its Local Presence

Shipbuilder Austal USA recently expanded its local presence, moving to a National City location that will eventually support more than 200 employees.

DARPA Taps Heavyweight Teams for Chip Innovation

Designing a microchip can take years. A team that includes UC San Diego and Qualcomm Inc. hopes to accomplish the feat in 24 hours, using computers and a new set of tools.

IES Spinoff Targets Gig Economy

San Diego-based Innovative Employee Solutions announced on July 26 that it is spinning off a business called Fulcrum.

Qualcomm Unveils 5G Electronics, Claims Big Strides

Qualcomm Inc. said it has developed specialized miniature electronics for fifth-generation (or 5G) wireless mobile devices, tackling sizable engineering challenges along the way.

National University System to Acquire Northcentral U.

EDUCATION: High Demand Programs Fit National’s Expansion Plans

The National University System announced plans July 17 to acquire Northcentral University, a fully online university specializing in master’s and doctoral degrees.

Cubic Acquires Aircraft Builder’s Assets

Cubic Corp. has acquired an unmanned aircraft builder.

One Ring Acquires Skyriver Communications

Atlanta-based One Ring Networks has acquired Skyriver Communications, a San Diego company which uses fixed wireless technology to deliver high-speed communications services.

UAV’s Transatlantic Flight Still Has Gas, Gear for a UK Tour

It was a first: a remotely piloted aircraft from General Atomics Aeronautical Systems Inc. crossed the Atlantic solo in mid-July.

Viasat Rolls Out Wi-Fi on European, Mediterranean Airlines

Viasat Inc. (Nasdaq: VSAT) announced in mid-July that two airlines had launched its high-speed in-flight Wi-Fi service.

Suneva Medical Names Chief Operating Officer

Suneva Medical Inc. has promoted Patricia Altavilla to chief operating officer.

San Diego Part of FAA Pilot Program Exploring Drone Use

AVIATION: Five Areas in Region Tapped for Tests; Flights Include Cross-Border

It’s a scenario repeated often in San Diego: a technician needs to send a vial of blood from the clinic where it was drawn to the lab for study.

Drones Play Missile Part in War Games

Kratos Defense & Security Solutions Inc. said on July 17 that the U.S. Navy plans to award it contracts for up to 60 BQM-177A surface-launched aerial targets.

Energy Secretary Tours General Atomics

U.S. Secretary of Energy Rick Perry toured General Atomics facilities in San Diego and Poway on July 18, the company announced.

Kratos Gets Target Drone Work

Kratos Defense & Security Solutions Inc. announced on July 19 that it received a U.S. Air Force contract covering three lots of its BQM-167A high-performance, jet-powered unmanned aerial target drone systems.

Dorsett Named Partner at Polito Eppich

Polito Eppich Associates LLP has named Jessica Dorsett as a partner.

Cohu Makes Its Move to Buy Xcerra After China Blocked

TECH: Deal Could Close By Year-End; Müller Expected to Remain CEO

The leaders of Poway-based Cohu Inc. saw opportunity when U.S. regulators blocked a Chinese company from acquiring a competitor.

Ashford University Takes Step Toward Merger

Ashford University received permission from the WASC Senior College and University Commission (WSCUC) to merge with its sister institution, the University of the Rockies.