San Diego Business Journal

SD DEFENSE

Recent and archived news stories on: Arms, Contractors, Government, Military, Research, Development, Systems, Veterans...

Testing Begins on General Atomics’ New Catapult for Carriers

Steam’s days are numbered, at least when it comes to shooting an aircraft off a carrier deck.

Navy Plans $800M Site For SEALs in Coronado

DEFENSE: Final Decision on 10-Year Project Likely in 2015

The U.S. Navy is eyeing the southern portion of Coronado’s Silver Strand for a 1.5 million-square-foot construction project that will take 10 years to finish, and will mean up to $800 million in business for Navy contractors.

Cubic Corp. Reports Q4 Net Income of $32.8 Million

Cubic Corp. reported net income of $32.8 million on record quarterly sales of $396.4 million during its fourth quarter, which ended Sept. 30. For the year, Cubic (NYSE: CUB) reported net income of $69.5 million on annual sales of $1.398 billion.

Cubic Corp. Gets $51 Million in Orders from U.S. Army

Cubic Corp. said on Nov. 24 that it received more than $51 million in orders from the U.S. Army for laser-based equipment to be used during war games.

LRAD Corp. Reports Net Income of $3.3 Million for Fiscal 2014

LRAD Corp., the Rancho Bernardo maker of high-volume acoustic devices used by the military and law enforcement, reported net income of $3.3 million for fiscal 2014, up 164 percent from the $1.3 million recorded in fiscal 2013.

PsychArmor Gets $1 Million Donation to Open Center

PsychArmor, a nonprofit that helps veterans and their families, recently received a $1 million donation from the Rebecca Moores Foundation. The grant will help launch the Moores Center for Military Service Providers, which will assist civilian mental health practitioners who care for veterans, as well as others who provide similar services.

General Atomics Awarded U.S. Army Contract Worth $17.1 Million

The U.S. Army awarded Poway-based General Atomics Aeronautical Systems Inc. a contract modification that may be worth as much as $17.1 million.

How Will the Election Shake-Ups Shake Out on the Budget?

With November elections in the rearview mirror, members of Congress will soon take up the 2015 defense budget.

Defense Industry Group Hears From Mayor

Mayor Kevin Faulconer told a defense industry group on Nov. 12 that he feels litigation regarding the Navy Broadway Complex is closer to its end than its beginning.

Cubic Corp. Awarded $20 Million Contract

The Royal Australian Air Force recently awarded Cubic Corp. a contract worth more than $20 million. Under the deal announced on Nov. 5, Cubic (NYSE: CUB) will provide air combat training electronics for several types of military jets.

Kratos Reports Third Quarter Loss, Receives $81M Contract

Kratos Defense & Security Solutions Inc., the San Diego holding company with subsidiaries around the country, issued a flurry of announcements on Nov. 6, including quarterly financial results.

Cubic Corp. Awarded Multimillion-Dollar Army Contract

Cubic Corp. said on Nov. 4 that it received a task order contract from the U.S. Army that could be worth more than $15 million.

General Atomics Gets Contract to Assist French Air Force

The U.S. Air Force, acting on behalf of the French air force, arranged for a year of contractor logistics support for France’s MQ-9 Reaper unmanned aircraft with the aircraft’s builder, General Atomics Aeronautical Systems Inc. of Poway.

Biocom Institute Seeking Applicants for Veterans Mentoring Program

The Biocom Institute, the educational and workforce development arm of the life sciences trade association Biocom, is now accepting applications from military personnel interested in participating in its Veteran Career Mentoring Program.

U.S. Army Awards Contract for Training to Cubic Corp.

The U.S. Army steered millions of dollars of training work to Cubic Corp. over the last several months, the San Diego company reported on Oct. 23.