Cubic Corp., the defense contractor that has a big footprint in the mass-transit space, reported net income of $13.2 million in its Q4.
WalMart recently made headlines by deploying specialized robots able to scan store shelves to see if the merchandise needs restocking.
Northrop Grumman Corp. has walked away from an unmanned aircraft project that it had an excellent chance of winning.
Kratos Defense & Security Solutions Inc. is selling $300 million worth of bonds to private investors. The University City defense contractor said it plans to use some cash as well as proceeds from the bonds — which are 6.5 percent senior secured notes due 2025 — to retire outstanding 7 percent senior secured notes due 2019.
General Atomics Aeronautical Systems Inc. said Nov. 13 that one of its unmanned MQ-9 Predator B aircraft participated in an anti-submarine warfare demonstration during war games in mid-October in the ocean west of San Clemente Island.
Israel-based Aeronautics Ltd. has acquired Rancho Bernardo-based Chassis Plans, a business that produces ruggedized computers and peripherals. Financial terms were not disclosed. Chassis Plans will stay in its San Diego offices and add to its workforce, said CEO Michael McCormack.
The U.S. Army awarded Thermo Fisher Scientific Inc. a five-year, $40 million contract for customized reagents and consumables.
TECH: Co. Creates 2 Units for Businesses, Pursues New Initiatives
Dan Mondor is settling into the routine of working in San Diego. At midafternoon, an F/A-18 jet from Marine Corps Air Station Miramar screams over his office on Sorrento Mesa, setting off a nearby car alarm. It happens every day.
ACQUISITION: Broadcom Must Effectively Deal With Many Players
Qualcomm Inc.’s board of directors unanimously rejected Broadcom Ltd.’s offer to buy the company for $70 per share, saying on Nov. 13 that Broadcom’s offer “dramatically undervalues” the company.
A cult classic. That’s what WD-40 Co. calls the four-wheel-drive vehicle it is upgrading and planning to auction for charity.
General Atomics has acquired the majority of the assets of Englewood, Colorado-based Surrey Satellite Technology US LLC.
Qualcomm Inc. has rejected Broadcom Ltd.'s offer to buy the company.
SmartCover Systems of Escondido received a $3.2 million contract to supply its manhole-mounted fluid level sensors to the San Antonio, Texas, sewer system.
San Diego-based AbacusNext has acquired U.K.-based HotDocs. Financial terms of the deal were not disclosed.
Qualcomm Inc. has its roots in San Diego, and Broadcom Ltd. would be “very focused” on the region in the event its bid for Qualcomm is a success.
Carlsbad chipmaker MaxLinear Inc. reported a net loss of $9.2 million on record quarterly revenue of $113.6 million.
San Diego-based AbacusNext has acquired U.K.-based HotDocs.
Broadcom went public with its unsolicited, $70 per share bid for Qualcomm on Nov. 6. Broadcom CEO Hock Tan answered a few questions.
Inseego Corp., a specialist in electronics hardware and software as a service, reported a net loss of $13.8 million on net revenues of $57.5 million in its third quarter ending Sept. 30.
TECH: Its 5G Efforts, Other Tech Could Put Share Price Near $100
Is Qualcomm Inc. worth $70 per share? That simple question may be the beginning of a long negotiation process. Or it could be the key that determines whether Qualcomm (Nasdaq: QCOM) survives in its current form as a San Diego-based corporation.
Satellite communications specialist ViaSat Inc. publicly opened the books on its second quarter, reporting a net loss of $13.7 million on revenue of $393.1 million. ViaSat (Nasdaq: VSAT) has an unusual fiscal year, so its second quarter ends Sept. 30 (yes, it’s the midpoint of fiscal 2018).
Bose Corp., the Massachusetts consumer electronics maker, has acquired Hush, a former tenant of the EvoNexus incubator in the University Towne Center neighborhood. Hush is the company founded by three UC San Diego students — all named Daniel — who brought a set of noise-cancelling earplugs to market. It seemed they saw a wide market opportunity in college-area apartments where students attempted to get a little undisturbed rest. The Business Journal profiled Hush in April 2015.
TECH: Co. Captures, Analyzes Video and Makes Report to Client
We’ve all done it while driving: taken our eyes off the road to peek at an incoming text message or take a bite of a snack. That very human tendency is a big liability for everyone on the highway, and a big liability for trucking companies.
Del Mar resident Gary Jacobs has been named board chair of the JCC Association of North America.
The U.S. Missile Defense Agency awarded General Atomics Electromagnetic Systems Group an $8.9 million contract.
Ending speculation, Broadcom Ltd. announced that it is making an unsolicited bid for Qualcomm Inc. in a cash and stock deal worth slightly more than $100 billion.
Montreal toy importer WowWee, which has its engineering and design office in La Jolla, is entering another Christmas season with a product that holds a lot of promise — and a lot of fingers.
Broadcom is reportedly exploring a bid for San Diego-based Qualcomm Inc.
The U.S. Marine Corps awarded Cubic Corp. a six-month, $11.6 million contract for readiness training support
Kratos Defense & Security Solutions Inc. reported an 18.6 percent increase in revenue and a markedly lower net loss in the third quarter.
Pentagon spending in San Diego County rose 3.2 percent between 2016 and 2017, and economists who track the numbers predict slightly faster growth this year.
TECH: NXP Acquisition Is Moving Slowly; CEO Confident in Strong 2018
Strained by lengthening legal fights with Apple Inc., San Diego-based Qualcomm Inc. reported fourth quarter net income of $200 million — a decline of 89 percent from the same quarter a year ago, when the company produced $1.6 billion in net income.
Leidos Inc. said it received a prime contract from the Transportation Security Administration that could be worth as much as $17 million over five years.
Apple Inc. is mulling whether to build new wireless phones and tablet computers without electronic components from Qualcomm Inc., the Wall Street Journal reported.
Michelin North America has taken an equity stake in San Diego-based SmartDrive Systems.
The California Air National Guard’s 163rd Attack Wing put an MQ-9 unmanned aircraft to work over Northern California earlier this month to gather intelligence on how the catastrophic wildfires were progressing.
DEEP LEARNING: Intel Latest To Leverage San Diego Talent for Neuroscience
With significant help from some new allies in the far south of the state, Intel Corp. plans to ship a neural network microchip by the end of the year.
The Pentagon awarded San Diego-based Coffman Specialties Inc. a $31.1 million task order.
Five San Diego construction firms will vie for $30 million worth of U.S. Navy work under a decision announced by the Pentagon Oct. 23.
GA-ASI received a $462.1 million contract modification from the U.S. Army for a year’s worth of services for the Army’s Gray Eagle unmanned aircraft.
Defying conventional wisdom, San Diego-based CleverPet Inc. has introduced a game that challenges dogs to match colored lights.
ECONOMY: Many Jobs Created; Defense Needs Still a Big Driver
More than a century after the U.S. Navy tried out aircraft for the first time at North Island, the aviation business persists in San Diego County.
Attempts to Bring Uber-Like Services or Other Big Changes to Aviation Don’t Take Off
There is something to be said for an on-demand charter flight, said Kimberly Herrell of Carlsbad-based Schubach Aviation. It’s nothing fancy. It’s the vanilla ice cream in the freezer case among sprinkles and swirls.
General Atomics’ Electromagnetic Systems unit is providing the Navy with repair parts for its next-generation aircraft catapult and arresting gear, which is being installed on the new USS Gerald R. Ford-class aircraft carriers.
General Atomics Aeronautical Systems Inc. has made some changes in its Poway factory reflecting its U.S. Army client’s new preferences.
Signal jammers are turning into a healthy business for Northrop Grumman Corp.
GAMING: Expansions, Amenities Create a Buzz
Tribal businesses in the region are investing more than $1 billion in new facilities and upgrades to their casinos, all in an attempt to get more of the gambling enthusiast’s dollar.
Downtown-based Mitek Systems Inc. said it acquired Icar Vision Systems S.L., a Spanish company specializing in customer identity verification. Icar’s technology also prevents document forgery and mitigates the risk of fraud.
Specialty chemical producer WD-40 Co. reported net income of $52.9 million, or $3.72 per diluted share, on revenue of $380.5 million for its 2017 fiscal year, which ended Aug. 31.