San Diego Business Journal

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BAE Systems Receives $8.3 Million Navy Contract

The U.S. Navy has awarded a contract to maintain and modernize one of its ships, the USS Wayne E. Meyer.

Achates Power Seems to Be On the Right Road for Growth

Achates Power Inc., the Sorrento Valley company working on a fuel-efficient diesel engine design, said early this month that it added a fifth-leading global manufacturer to its client list. A nondisclosure agreement prevents Achates from naming the client, a spokesman said.

Tribe Ordered To Shut Down Internet Bingo

A federal judge ordered the Iipay Nation of Santa Ysabel to shut down its Internet bingo operation.

Northrop to Sell 4 Drones to S. Korea for $657M

DEFENSE: Australia, Japan Also Interested In Purchasing Aircraft

Northrop Grumman Corp. just received a contract to sell four unmanned Global Hawk aircraft to the government of South Korea for $657 million in a move that reinforces employment in Rancho Bernardo — Northrop’s program office for the long-winged reconnaissance drone.

Contractors Urged to Invest in Innovation

DEFENSE: Hagel Made Pitch For Long-Term Investment

Times have changed in the area where defense meets innovation.

Raytheon Co. Awarded $26.1 Million Navy Contract

The U.S. Navy awarded Raytheon Co. a $26.1 million contract for work on integrated shipboard electronic systems aboard San Antonio-class amphibious transport dock ships.

Three Investors Contribute $2 Million to EdgeWave Inc.

San Diego-based EdgeWave Inc., which makes cyber security software, said on Dec. 17 that three investors contributed $2 million more to the company’s series A funding round. EdgeWave is pulling together funds to expand the company.

Cubic Corp. Acquires DTECH LABS for $114.5 Million

Cubic Corp. said on Dec. 16 that it acquired DTECH LABS Inc., a Virginia company specializing in radio technology for military, government and commercial customers, for as much as $114.5 million.

Northrop Grumman Sells 4 Aircraft to South Korea for $657 Million

Northrop Grumman Corp. sold four Global Hawk unmanned reconnaissance aircraft to South Korea for $657 million.

Rock My World Adds New Feature to Music App

Downtown-based Rock My World has trotted out a new feature on its RockMyRun music app for iPhones — one that plays tunes in synch with a listener’s heartbeat.

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