San Diego Business Journal


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

Industry Veteran Danforth Is Picked to Lead LRAD Corp.

The board of LRAD Corp. recently chose Richard S. Danforth to be its CEO, and negotiated a compensation package that includes a base salary of $325,000. Bonuses, stock options and benefits round out Danforth’s pay package, which includes an annual bonus in the range of $243,800 to $487,500, depending on how well the company does.

Air Force Awards GA-ASI $8 Million Contract

The U.S. Air Force recently awarded General Atomics Aeronautical Systems Inc. an $8.8 million contract covering ground control stations for the unmanned Predator.

Kratos Defense & Security Hikes 2016 Revenue Forecast

Kratos Defense & Security Solutions Inc. increased its revenue forecast for 2016 by $10 million, to $659 million, when it took the wraps off of its second quarter financial results on Aug. 4.

Industry Veteran Richard S. Danforth Picked to Lead LRAD Corp.

The board of LRAD Corp. named former DRS Technologies Inc. executive Richard S. Danforth, 56, as the company’s new CEO on Aug. 1.

Cubic Corp. Reports Q3 Net Income of $4.5 Million

Cubic Corp. reported net income of $4.5 million, or 17 cents per share, on sales of $375.2 million in its third quarter, which ended June 30. For the same quarter one year ago, Cubic reported $8.8 million in net income (33 cents per share) on $347.8 million in sales.

GA ASI Conducts First Predator A Flight at New Training Facility

General Atomics Aeronautical Systems Inc. said it has conducted the first successful flight of a company-owned Predator A remotely piloted aircraft at its Unmanned Aircraft System Flight Training Academy in Grand Forks, N.D.

Cubic Corp. Awarded 5-Year, $73 Million Navy Contract

Cubic Global Defense, a business unit of Cubic Corp., announced that it has been awarded a five-year, $73 million firm-fixed-price task order to support aviation training for the U.S. Marine Corps. The follow-on contract is the third consecutive award Cubic has received since 2005.

ProSol Associates Receives 5-Year Contract to Teach at Marine Corps Installations

ProSol Associates LLC, a small business based in Alexandria, Va., received a five-year contract to teach communications electronics at Marine Corps Base Camp Pendleton and other Marine Corps installations. Local work is valued in the millions of dollars.

Cubic Corp. Exec to Talk Up Co. at Comic-Con

A Cubic Corp. executive will be at Comic-Con — no joke — to discuss company projects funded by the Defense Department.

GA-ASI Awarded $31.8 Million Air Force Contract

The U.S. Air Force awarded General Atomics Aeronautical Systems Inc. a $31.8 million delivery order for ground-control stations.

Navy Awards QED Systems Inc. One-Year, $22.1 Million Contract

The U.S. Navy awarded QED Systems Inc. a one-year, $22.1 million contract modification to plan shipyard visits and maintenance periods for Navy surface ships, specifically Ticonderoga-class cruisers and Arleigh Burke-class destroyers.

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University’s Expertise Being Tapped for Cybersecurity Project

Might there be a better way to fend off cyberattacks, particularly among overworked defenders during an emergency? SSC Pacific, part of the U.S. Navy’s SPAWAR organization, wants to know — and the Navy office has tapped National University to help it research better ways to address the problem.

U.S. Army Officially Announces $11.5 Million Contract for Cubic Corp

It’s official: an $11.5 million U.S. Army contract modification for Cubic Corp., which the Defense Department announced prematurely last week, has been awarded.

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Royal Air Force to Buy Next-Gen Predator B in Deal Potentially Worth $548 Million

Great Britain’s Royal Air Force plans to buy the next-generation Predator B unmanned aircraft from General Atomics Aeronautical Systems Inc. in a deal that could be worth more than a half-billion dollars.

Kratos to Help Air Force Develop Unmanned Aircraft

Kratos Defense & Security Solutions Inc. said on July 11 that it will help the Air Force Research Laboratory develop an unmanned aircraft called the Low-Cost Attritable Strike Unmanned Aerial System Demonstration aircraft, abbreviated as LCASD.