| San Diego Business Journal

PSemi Names New CEO

San Diego chipmaker PSemi Corp. and its parent company, Murata Manufacturing Co. Ltd., have named a new CEO for PSemi. Sumit Tomar will take the job on July 1.

Cubic Cash Dividend to Go Out March 12

Cubic Corp. announced on Feb. 18 that its board approved a semiannual dividend of 13½ cents per share. The dividend is payable on March 12 to shareholders of record on March 1.

Laptop Expands Unmanned Aircraft’s Portability

General Atomics Aeronautical Systems Inc. publicly announced the next piece of technology that will command its advanced MQ-9B remotely piloted aircraft.

Defense & Technology: Northrop Grumman Gets Fire Scout Work

The U.S. Navy is buying five additional MQ-8C Fire Scout helicopters from Northrop Grumman Corp., as well as two lightweight fuel cells, under a $55.1 million contract modification awarded on Jan. 30.

Defense & Technology: Viasat Grows Revenue, Takes $10.4M Loss, Places Order for Third ViaSat-3 Satellite

Grow, grow, grow. Satellite communications specialist Viasat Inc. set revenue records for all three of its business segments during the quarter ended Dec. 31.

Lithium-Battery Maker Flux Power Grows Revenue

Flux Power Holdings Inc. reported a net loss of $2.92 million on revenues of $2.7 million for the second quarter of its fiscal year. Revenue grew 126 percent from the same quarter last year, when Flux had $1.2 million in sales.

Navy Renames Point Loma Labs

SPAWAR Systems Center Pacific, the U.S. Navy’s electronics lab complex on Point Loma, has changed its name to Naval Information Warfare Center Pacific.

Sempra to Sell Wind Assets for $551M

Sempra Energy said on Feb. 12 that it has agreed to sell its wind generation assets to American Electric Power for $551 million in cash. It's part of a wider effort to divest of its generation and natural gas storage assets.

Sempra LNG Plant Close to Opening

Sempra Energy is poised to start production on the first unit of its Cameron liquefied natural gas (LNG) export plant in southern Louisiana. Separately, Sempra announced on Feb. 7 that it completed the sale of its non-utility natural gas storage assets to ArcLight Capital Partners for $328 million in cash.