Reporter & Special Sections Editor
Deal Could Extend 5 Years And Maxes Out at $59.4M
The following are selected defense contracts awarded to San Diego County companies in November.
Transit Provider Delerrok Is Based in Vista
Cubic Corp. CEO Brad Feldmann has his acquisition machine running.
FINANCE: $2.1M Split; ACE Fund Put Into Play
The deals, announced in late November, bring the number of million-dollar investments by Tech Coast Angels’s San Diego chapter to four.
Tech Coast Angels-San Diego is increasing its investment in two local companies: Mercato, the delivery startup for independent grocers, and Discover Echo, the microscope maker formerly known as Echo Labs. Mercato received an additional $1.1 million while Discover Echo received $1 million.
$299M Added to Ship Repair Effort in Fiscal 2020
The U.S. Navy increased the overall amount of funding to repair certain surface ships in the Port of San Diego.
LEADERSHIP: Event Speaker, Carrie Stone, Offers Pointers To Aspiring Directors
Co. Announces 2 Acquisitions, Offers Fiscal 2020 Guidance
Defense and transportation electronics specialist Cubic Corp. finished its 2019 fiscal year with revenue of slightly less than $1.5 billion.
San Diego-based Bumble Bee Seafoods filed for Chapter 11 bankruptcy protection, saying in a statement that the move was a first step in selling the business. FCF Co. Ltd. has agreed to buy it for $925 million.
ELECTRONICS: Co. Formerly Known as LRAD to Keep Legacy Products
The Rancho Bernardo company named for its Long Range Acoustic Device, or LRAD, decided it had outlived its name and has taken the final step to change it.
Valkyrie Drone Contract to Follow DoD Budget Approval
Defense contractor Kratos Defense & Security Solutions Inc. broke even during its recently completed third quarter, when it saw revenue increase 16%.