Tapestry Solutions Inc., an independent subsidiary of Boeing Co. based in San Diego, received a 10-year contract from the U.S. Air Force for Weapon Planning Software, also known as WPS. The indefinite delivery, indefinite quantity contract is worth a maximum of $259 million.
Cubic Corp. announced on Feb. 18 that its board approved a semiannual dividend of 13½ cents per share. The dividend is payable on March 12 to shareholders of record on March 1.
STARTUPS: San Diego Accelerator Teams Up With Viasat, Cubic for Program
San Diego tech accelerator EvoNexus has gained a new corporate backer. Cubic Corp., a San Diego company that develops defense and transportation systems, will join the accelerator for the first time to launch an application round with Viasat Inc.
General Atomics Aeronautical Systems Inc. publicly announced the next piece of technology that will command its advanced MQ-9B remotely piloted aircraft.
The U.S. Navy is buying five additional MQ-8C Fire Scout helicopters from Northrop Grumman Corp., as well as two lightweight fuel cells, under a $55.1 million contract modification awarded on Jan. 30.
Defense & Technology: Viasat Grows Revenue, Takes $10.4M Loss, Places Order for Third ViaSat-3 Satellite
Grow, grow, grow. Satellite communications specialist Viasat Inc. set revenue records for all three of its business segments during the quarter ended Dec. 31.
SPAWAR Systems Center Pacific, the U.S. Navy’s electronics lab complex on Point Loma, has changed its name to Naval Information Warfare Center Pacific.
The partnership deals just keep rolling in for Halozyme Therapeutics’ drug delivery technology.
Satellite communications specialist Viasat Inc. reported a net loss of $10.4 million, or 17 cents per share, on total revenues of $554.7 million during its third quarter, which ended on Dec. 31. The Carlsbad-based corporation reported “exceptional performance” that set revenue records for its three business segments.
The U.S. Navy commissioned its futuristic Zumwalt-class destroyer, the USS Michael Monsoor, with traditional ceremonies that included a 19-gun salute in late January.
Cubic Corp. reported a net loss of $6.6 million or 23 cents per share on net sales of $305.3 million during the quarter ended Dec. 31. The Kearny Mesa-based corporation — which specializes in transportation and defense technology — reported its financial results on Feb. 6.
Cubic Corp. announced on Feb. 4 that it promoted Dan Hedstrom to chief information officer. He replaces Jan Marshall in the job. Hedstrom will manage the information technology team for Cubic (NYSE: CUB), which has more than 5,600 employees at 75 locations worldwide.
Cubic Corp. said on Jan. 31 that it will provide data networking gear to the U.S. Marine Corps as part of a contract awarded to Virginia-based iGov. Under the five-year contract, Cubic said its Cubic Mission Solutions subsidiary expects to deliver thousands of its DTECH ruggedized computer and networking modules for iGov’s small form-factor solution.
Kratos Defense and Security Solutions Inc. announced on Jan. 30 that it successfully demonstrated a satellite control technology. Specifically, Kratos software commanded a spacecraft using the U.S. Air Force’s Enterprise Ground Services framework, and demonstrated that its technology was mature.
Cubic Corp. is wrapping up renovations of the space where it manufactures military training gear, paving the way for future manufacturing in San Diego.