ENERGY: Co. Aims to Double Revenue, Inks Big Funding Deal
Escondido-based TransPower, a maker of electric-drive systems for big-rig trucks and industrial-site tractors, is on a growth path.
SOFTWARE: Finding Chip Flaws in Development Stages Can Be a Lifesaver for Cos.
A flawed microchip is a hacker’s best friend. Tortuga Logic aims to spot those flaws before they ever make it into a silicon chip.
Two days after a face-to-face meeting with Broadcom Ltd., Qualcomm Inc.’s board laid out several problems with Broadcom’s proposal to buy Qualcomm, but said it was open to more talks.
General Atomics Aeronautical Systems Inc. has enlisted a surprising partner in its bid to build an unmanned, carrier-based air refueling aircraft for the U.S. Navy
Seeing a clear need for cybersecurity for a widening array of connected industrial equipment and other gadgets, Qualcomm Inc. said it plans to make a business out of cybersecurity for the Internet of Things.
Qualcomm Inc. said its top board members and executives met with Broadcom Ltd. representatives for two hours on Feb. 14, but said little else about the meeting.
Broadcom Ltd. shifted strategy in its proxy fight for Qualcomm Inc., saying it would ask Qualcomm shareholders to elect six, rather than 11, directors nominated by Broadcom.
Huntington Ingalls Inc., parent to the Continental Maritime shipyard in Barrio Logan, received an $11.6 million order covering work to the USS Boxer, a Wasp-class amphibious assault ship.
LEADERSHIP: From Resorts To Airlines, Ted Vallas Always Has a Project on his Radar
Ted Vallas, the 96-year-old driving force behind California Pacific Airlines, stands in the bright February sun in front of the passenger terminal at McClellan-Palomar Airport.
Broadcom Ltd. said Feb. 12 that it has lined up as much as $100 billion in financing for its proposed, $121 billion acquisition of Qualcomm Inc.
Viasat reported a third-quarter net loss of $24.6 million on revenues of $381.8 million. It also inked a deal with United Airlines.
General Atomics Electromagnetic Systems Group said on Jan. 31 that it received a U.S. Navy contract to develop advanced, high-energy-density capacitors for high-power microwave weapon systems. Financial terms of the contract, awarded by the Defense Ordnance Technology Consortium, were not disclosed.
Kratos Defense and Security Solutions Inc. recently announced a new contract and passed a milestone on a second project.
A new model of aircraft coming to U.S. Navy ships means work for San Diego’s shipyards. The new aircraft is the F-35 Lightning II, also called the Joint Strike Fighter. One of its three versions is similar to the Harrier Jump Jet, in that it can land vertically and take off in a very short distance.
Nineteen wireless phone, tablet and module makers are putting Qualcomm Inc.’s extra-speedy fifth-generation wireless modem chips into their products for 2019, Qualcomm announced Feb. 8.
With Qualcomm Inc. rejecting its latest bid, Broadcom urged Qualcomm late Feb. 8 to come to the negotiating table immediately, suggesting a weekend meeting in New York or a mutually convenient location.
Callaway Golf Co. closed out 2017 on a strong note, reporting net income of $40.8 million or 42 cents per share on net sales of $1.05 billion.
Qualcomm Inc.’s board rejected Broadcom Ltd.’s revised, $121 billion bid for the company, which Broadcom announced on Feb. 5.
RETAIL: ResMed Sees Potential In Retail Sleep-Rating Device
ResMed’s 2011 acquisition of an Irish company called BiancaMed led to a new company: SleepScore Labs of Carlsbad, formed in 2016.
Cubic Corp. reported a net loss of $9.8 million on sales of $340.7 million in its first quarter, as well as a record backlog.
Viasat Inc. said it expanded its relationship with Little Rock, Arkansas-based Perfect 10 to provide nationwide fulfillment services.
Broadcom Ltd. increased its bid for Qualcomm Inc. to $82 per share, and has invited Qualcomm Executive Chairman Paul Jacobs to sit on the combined company’s board.
If you want to compete in the Indy 500, you need speed, power and efficiency. You qualify for the race by driving your highly specialized car at roughly 230 mph for four laps (10 miles). Your machine has to perform flawlessly.
Electronics component maker RF Industries Ltd. closed out its 2017 fiscal year in October with $382,000 of net income, transitioning from a year with a $4.1 million net loss. The Miramar-area business reported net sales of $31 million for fiscal 2017 and $30.2 million in fiscal 2016.
Pulse Electronics Corp. closed its acquisition of Egston Holdings GMBH, an Austria-based company that provides magnetics and cable assemblies to several industries, including the automotive, industrial, power magnetics and electric vehicle markets.
AIRCRAFT: City Offers Most Room, 375 Acres; Other Options Are in County
City officials have long envisioned it as a university campus. But a sprawling plot of land in the eastern part of the city has become a place for aerospace.
Qualcomm Inc. reported a net loss of $5.95 billion — largely because of one-time items — on revenue of $6.07 billion during the first quarter of its 2018 fiscal year, which ended Dec. 24.
DEFENSE: More Work Expected; New Rules Open Up Bids for Some Jobs
More opportunity may be coming the way of defense contractors in the Port of San Diego.
The U.S. Air Force awarded $49.3 million worth of software work to General Atomics Aeronautical Systems Inc.
Kratos Defense and Security Solutions Inc. said it is expanding its jet-powered drone business by opening a factory in Oklahoma.
One Stop Systems Inc., an Escondido company that makes computer equipment, plans to raise $20 million in an initial public offering.
Viasat Inc. has signed a deal to provide the U.S. Special Operations Command with satellite networking and communications.
Cubic Corp. announced in mid-January that it has gone to full-rate production on its GATR satellite dish contract for the U.S. Army. The decision means the Army can buy and field more than 800 satellite communication systems.
General Atomics Electromagnetic Systems Group said on Jan. 25 that it acquired assets of Toronto-based Xagenic Inc.
General Atomics Aeronautical Systems Inc. said it successfully demonstrated an automatic takeoff and landing feature using a satellite data link on a company-owned aircraft.
European antitrust regulators fined Qualcomm Inc. $1.24 billion for an electronics supply deal with Apple Inc. Qualcomm said it “strongly disagrees” and vowed an appeal.
The Viejas Band of Kumeyaay Indians has set Feb. 1 as opening day for its Willows Hotel & Spa.
Rancho Bernardo-based LRAD Corp. said on Jan. 19 that it acquired software maker Genasys Holding S.L. of Madrid, Spain.
Walter C. Zable, chairman of the board at Cubic Corp., is leaving after 54 years as a company employee and board member. The company has nominated defense executive David Melcher for a board seat.
SERVICE: Adapting to Change, Eye for Expansion Drive Success
Keith Jones knows the lay of the land, and he looks like he knows it.
SCA Architecture said in December that it completed the design of Viasat Inc.’s campus expansion. The new complex of buildings will sit on a 23-acre parcel across El Camino Real from the corporation’s existing headquarters, in the Bressi Ranch section of Carlsbad.
Three years after acquiring Peregrine Semiconductor, Japan-based Murata Manufacturing Co. Ltd. is thinking big.
With that, Qualcomm (Nasdaq: QCOM) has eight of nine regulatory approvals it needs, with China yet to decide on the matter.
DEFENSE: Solid Growth,Smart Acquisitions and Risk Taking All Part of Strategy
General Atomics Electromagnetic Systems has grown more than 500 percent in revenue and employee count over the last 10 years.
DINING: Kiosks Considered as Way To Cut Store Costs
A pair of Jack in the Box Inc. executives offered the financial community a first look at the company’s post-Qdoba future during a financial conference Jan. 9.
Broadcom has nominated an alternative set of board members to replace the existing board at Qualcomm in its attempt at a hostile takeover.
According to the Pentagon, nine businesses will support tactical platforms and time-sensitive applications for the DataLinks Enterprise community.
The San Diego business offering managed information technology services has promoted Rudy Michelon to CEO.
The San Diego business offering wireless electronics and services named Mark Licht to its board of directors.