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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.
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.
The Pasha Group announced the acquisition of the Hawaii trade-lane business of Horizon Lines Inc. has been completed.
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. has announced a contract with the Canadian army valued at more than $5.5 million.
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.
The U.S. Air Force ordered eight additional Reaper aircraft from General Atomics Aeronautical Systems Inc., the Pentagon announced on May 20.
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.
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. has a buyer for some of its next-generation military communications gear.
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., 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 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.
Aethlon Medical Inc. announced Monday that it has withdrawn its registration statement on Form S-1 originally filed April 17 with the Securities and Exchange Commission.
MEDICINE: Opens Door for Research, Business Prospects
The University of San Diego is building a research facility on campus that will not only benefit faculty and students, but serve as a resource for local health care companies.