Kratos Defense & Security Solutions Inc. is selling $300 million worth of bonds to private investors. The University City defense contractor said it plans to use some cash as well as proceeds from the bonds — which are 6.5 percent senior secured notes due 2025 — to retire outstanding 7 percent senior secured notes due 2019.
The Defense Department announced two contracts for General Atomics Aeronautical Systems Inc.
General Atomics Electromagnetic Systems Inc. said on Dec. 8 that it received a contract to support the U.S. Army’s ARGOS satellite system.
Work will be performed in San Diego and Qatar.
The Pentagon bought six months of satellite communication services from Viasat, exercising a $20.9 million option to an existing services contract.
The U.S. Navy awarded R.A. Burch Construction Co. Inc. a $22.5 million task order for demolition, repair and renovation of buildings at Marine Corps Air Ground Combat Center at Twentynine Palms.
Cobham Advanced Electronic Solutions has received some $39 million in orders for radio-frequency microelectronics from defense contractor Harris Corp.
The U.S. Air Force awarded General Atomics Aeronautical Systems Inc. a $17.5 million contract.
The U.S. Navy has awarded Marathon Construction Corp. a $9.6 million task order to renovate Pier 13 at Naval Base San Diego, known informally as the 32nd Street naval station.
General Atomics Electromagnetic Systems has named Jim Mosquera vice president and chief technology officer.
The U.S. Navy awarded BAE Systems San Diego Ship Repair an $8.8 million contract modification.
Cubic Corp., the defense contractor that has a big footprint in the mass-transit space, reported net income of $13.2 million in its Q4.
Northrop Grumman Corp. has walked away from an unmanned aircraft project that it had an excellent chance of winning.
Israel-based Aeronautics Ltd. has acquired Rancho Bernardo-based Chassis Plans, a business that produces ruggedized computers and peripherals. Financial terms were not disclosed. Chassis Plans will stay in its San Diego offices and add to its workforce, said CEO Michael McCormack.
General Atomics Aeronautical Systems Inc. said Nov. 13 that one of its unmanned MQ-9 Predator B aircraft participated in an anti-submarine warfare demonstration during war games in mid-October in the ocean west of San Clemente Island.