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Cubic Corp. has completed the acquisition of Intific Inc., an Austin, Texas-based advanced technology company focused on software and game-based solutions in modeling and simulation, training and education, cyber warfare, and neuroscience.
The U.S. Navy has awarded Lockheed Martin Corp. a $10.8 million contract option covering the post-delivery support for one of its new ships, the future USS Milwaukee.
The U.S. Navy’s Naval Air Systems Command has awarded contract options to four businesses, which will provide services at command headquarters at Patuxent River, Md. as well as outlying locations including Naval Air Station North Island.
Sempra Energy, parent of San Diego Gas & Electric and other subsidiaries, reported full year 2013 net income of $1 billion, compared with net income of $859 million in 2012.
Qualcomm Inc. said its Snapdragon 801 processor is powering Samsung’s newest flagship smartphone, the Galaxy S5.
General Dynamics Corp. said that its Advanced Information Systems unit received a subcontract that could be worth as much as $250.1 million over 10 years if its U.S. Navy customer exercises all options.
Karl Strauss Brewery’s Sorrento Valley site is undergoing a remodel, triggering the layoff of 67 employees last month.
The Otay Mesa Chamber of Commerce and the San Diego Center for International Trade Development will host a supplier forum March 6 in Chula Vista featuring Medtronic, a $16 billion medical technologies company based in Minneapolis.
Pulse Electronics Corp., a San Diego based maker of electronic components, reached agreements with its debt holders that reduces its debt and the funds needed for debt repayment, the company said.
In a surprise twist, the Pentagon has proposed retiring the U-2 high altitude spy aircraft in favor of the unmanned Global Hawk, a San Diego product.
Sempra Energy, the San Diego holding company for San Diego Gas & Electric and other subsidiaries, said its board of directors approved a 4.8 percent increase in the annual dividend it pays to shareholders to $2.64 per share from the prior dividend of $2.52 per share.
The U.S. Army awarded General Atomics Aeronautical Systems Inc. two contract modifications worth $94.3 million.
TRADE: Amid Financial Strain, Move to University Keeps Organization Open
World Trade Center San Diego is moving to a new home at San Diego State University, but how long it stays there or continues is unclear.
Leidos Inc., one of the two companies created with the 2013 split of SAIC, said on Feb. 20 that it received software work from the U.S. Strategic Command that could be worth as much as $35 million if the government exercises all of its options.
Cubic Corp. said that it will pay out a semiannual dividend of 12 cents per share March 14.