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To keep prices down as they compete globally, many San Diego County manufacturers are forced to forge alliances with companies outside the U.S. Five of San Diego’s manufacturers took some time to discuss the choices they made to build a profitable company. Tower Paddle
La Jolla Pharmaceutical Co. has signed an option agreement with Stanford University that will add proprietary technology to its programs, the pharma company said.
Sempra Energy said its liquefied natural gas project in Louisiana obtained approval from the Federal Energy Regulatory Commission, paving the way to its construction later this year.
The U.S. Air Force said that it awarded Northrop Grumman Corp. an $89.7 million contract modification for operation and support of its BACN electronics.
Exede, the high speed satellite Internet service from Carlsbad-based ViaSat Inc. was the top rated ISP in report from the Federal Communications Commission for the second consecutive year, the company said.
The U.S. Navy awarded BAE Systems a three-year deal for pier side maintenance and repair services for its 1-inch machine gun systems. One third of the work under the $7.8 million contract will be done in National City.
San Diego-based Cubic Corp. announced the receipt of two defense contracts early this week.
Sempra Energy’s board of directors declared a quarterly dividend of 66 cents per share of common stock.
San Diego-based EDF Renewable Energy’s Lepomis Solar Project in Plymouth, Massachusetts, has reached commercial operation, the company said.
L-3 Unidyne Inc. has been tapped for work extending the service life of four air-cushioned landing craft based at Marine Corps Base Camp Pendleton.
The work is related to the Triton aircraft -- Navy version of Global Hawk.
The shipbuilder is also doing design work for new Navy amphibious ship.
Debt financing follows $15 million equity financing.
RF Industries Ltd., a local maker of cable assemblies and radio frequency connectors, reported net sales of $5.8 million in the second quarter of fiscal 2014, a decrease of 35 percent compared with net sales of $8.8 million in the second quarter of fiscal 2013.
San Diego-based Organovo Holdings Inc. reported revenues of $400,000 for the fiscal year ending March 31, 2014 compared with revenues of $1.2 million for the year ended Dec. 31, 2012.