San Diego Business Journal

SD MANUFACTURING

Recent and archived news stories on: Aerospace, Agribusiness, Chemicals, Electronics, Energy, Fabrication, Industrial, Plastics, Textiles...
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Mick Jaggers Promoted to VP at Northrop Grumman

Northrop Grumman Corp. recently said that it promoted Mick Jaggers to vice president and program manager for its Global Hawk unmanned aircraft system programs.

General Atomics Delivers Reaper Aircraft to French Military

General Atomics Aeronautical Systems Inc. said on May 29 that it delivered its third unmanned Reaper aircraft to the French Ministry of Defense, less than two months after the contract award. Financial terms of the deal were not disclosed.

Navy Awards ViaSat Contract Worth as Much as $478.6 Million

The U.S. Navy awarded Carlsbad-based ViaSat Inc. an electronics contract that could be worth as much as $478.6 million over five years, the Pentagon announced on May 28.

Company’s Photo Verify May Give Consumers License to Transact

SOFTWARE: Verification Of Driver’s Licenses Opens Up Mobile Possibilities

Mitek Systems Inc., the company that got people to start depositing bank checks with their smartphones, has something new to show the world.

Pasha Group Completes Acquisition of the Hawaii Trade-Lane Business of Horizon Lines

The Pasha Group announced the acquisition of the Hawaii trade-lane business of Horizon Lines Inc. has been completed.

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A FARM TEAM

DRUGS: Sorrento’s Sales Strategy Plays to Its Small Pharma Strengths

Sorrento Therapeutics, a frequent partner of billionaire biotech entrepreneur Patrick Soon-Shiong, has sold its potential cancer treatment in a deal worth up to $1.3 billion.

Cubic Corp. Gets $5.5 Million Contract with Canadian Army

Cubic Corp. has announced a contract with the Canadian army valued at more than $5.5 million.

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GA ASI Receives $23.1 Million Air Force Contract

The U.S. Air Force has awarded General Atomics Aeronautical Systems Inc. a second contract in as many days, this time to help improve sensor systems on its Reaper unmanned aircraft.

Air Force Orders 8 More Reapers from General Atomics

The U.S. Air Force ordered eight additional Reaper aircraft from General Atomics Aeronautical Systems Inc., the Pentagon announced on May 20.

Cubic Corp. Reports Q2 Net Loss of $11 Million

Cubic Corp. reported a second quarter net loss of $11 million on net sales of $338.8 million during its second quarter, which ended March 31. The company reported net income of $16.1 million on net sales of $354.4 million in the quarter ending March 31, 2014.

Survey Finds Many Local Manufacturers Expecting Losses From Water Cutbacks

The outlook for San Diego businesses was largely unchanged in April, according to a largely positive forecast from the San Diego Regional Chamber of Commerce, though nearly half of manufacturers polled predicted that impending water usage restrictions would cause them to lose revenue or cut jobs.

Cubic Corp. Receives $1.7 Million Contract

Cubic Corp. has a buyer for some of its next-generation military communications gear.

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General Atomics ASI Awarded 2 Defense Contracts

General Atomics Aeronautical Systems Inc., a maker of unmanned aircraft and related electronics, recently received one contract each from its U.S. Army and U.S. Air Force customers.

LRAD Corp. Reports Q2 Net Income of $291,000

LRAD Corp., the publicly traded maker of high-volume sound equipment for governments and militaries, reported net income of $291,000 on revenues of $4.49 million for its second quarter, which ended March 31.

Novatel Reports Q1 Net Loss of $7.8 Million

Novatel Wireless Inc., the Sorrento Mesa electronics maker, reported a net loss of $7.8 million on net revenues of $53.5 million during the first quarter of 2015. That compares with a net loss of nearly $9 million on net revenues of $48.3 million in the same quarter of 2014.