Brad Graves

Reporter

Email: bradg@sdbj.com
Phone: 858-277-6586 Extension: 3115

Recent Stories

Cubic Corp.'s Q4 Revenue: $445.6 million

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.

More Robots Coming to Walmart?

WalMart recently made headlines by deploying specialized robots able to scan store shelves to see if the merchandise needs restocking.

Northrop Drops Out of Competition For Aerial Tanker Drone Contract

Northrop Grumman Corp. has walked away from an unmanned aircraft project that it had an excellent chance of winning.

Kratos Conducts $300M Bond Offering

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.

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Predator Tries Anti-Submarine Role

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.

Israeli Co. Buys Chassis Plans

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.

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Thermo Fisher Awarded $40 Million Army Contract

The U.S. Army awarded Thermo Fisher Scientific Inc. a five-year, $40 million contract for customized reagents and consumables.

New Inseego CEO Brings Change in Staff and Organization

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.

Qualcomm Sets Stage For Complex Battle

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.

WD-40’s Latest Auto Upgrade Has Cult Following

A cult classic. That’s what WD-40 Co. calls the four-wheel-drive vehicle it is upgrading and planning to auction for charity.

GA Acquires Assets of Colorado-based Co. Specializing in Small Satellites

General Atomics has acquired the majority of the assets of Englewood, Colorado-based Surrey Satellite Technology US LLC.

Qualcomm Rejects Broadcom's Advances

Qualcomm Inc. has rejected Broadcom Ltd.'s offer to buy the company.

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SmartCover Systems Gets a $3.2M Contract

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.

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AbacusNext Acquires U.K.-based Document Automation Co.

San Diego-based AbacusNext has acquired U.K.-based HotDocs. Financial terms of the deal were not disclosed.

Broadcom Chief Speaks to Importance of San Diego

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.

MaxLinear Reports Record Quarterly Revenue

Carlsbad chipmaker MaxLinear Inc. reported a net loss of $9.2 million on record quarterly revenue of $113.6 million.

AbacusNext Acquires U.K.-based Document Automation Company

San Diego-based AbacusNext has acquired U.K.-based HotDocs.

Broadcom Chief Speaks to the Importance of San Diego

Broadcom went public with its unsolicited, $70 per share bid for Qualcomm on Nov. 6. Broadcom CEO Hock Tan answered a few questions.

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Inseego Corp. Posts Net Loss of $13.8 million in Q3

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.

Broadcom Aims Low With Qualcomm Offer

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.

ViaSat Busy in Both Commercial And Government Spaces

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. Buys Hush

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.

SmartDrive Turns Attention To Monitoring Drivers’ Focus, Actions

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.

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Gary Jacobs Named Board Chair of JCC Association of North America

Del Mar resident Gary Jacobs has been named board chair of the JCC Association of North America.

General Atomics gets $8.9M U.S. Missile Defense Agency Contract

The U.S. Missile Defense Agency awarded General Atomics Electromagnetic Systems Group an $8.9 million contract.

Broadcom Makes $100 Billion Bid for Qualcomm

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.

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Hottest Toy for Christmas?

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.

Reports: Broadcom Exploring Bid for San Diego-Based Qualcomm Inc.

Broadcom is reportedly exploring a bid for San Diego-based Qualcomm Inc.

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Marine Corps. Awards Cubic Corp. $11.6 M Contract

The U.S. Marine Corps awarded Cubic Corp. a six-month, $11.6 million contract for readiness training support

Kratos Reports a Nearly 20 Percent Increase in Q3 Revenue

Kratos Defense & Security Solutions Inc. reported an 18.6 percent increase in revenue and a markedly lower net loss in the third quarter.

Continued Growth Expected in Local Defense Spending

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.

Qualcomm Net Income, Revenue Down as Legal Battles Continue

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.

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Leidos Inc. Gets $17 million TSA Contract

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.

Report: Apple Considers Building iPhone Without Qualcomm Chips

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 Takes Equity Stake in S.D.-based SmartDrive Systems

Michelin North America has taken an equity stake in San Diego-based SmartDrive Systems.

Contractor Finds Sweet Spot As Bigger Fish in Small Pond

Indus Technology Inc. has a new owner.

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GA Aeronautical Maps Wildfires

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.

Bringing AI Out of the Shadows

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.

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The Pentagon Taps Coffman Specialties for $31.1M Work Order

The Pentagon awarded San Diego-based Coffman Specialties Inc. a $31.1 million task order.

5 S.D. Firms Compete for $30 million in U.S. Navy Work

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.

U.S. Army Gives GA-ASI a $462.1M Contract for Servicing Drone

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.

Canines Challenged to Match Colors Using Game Console

Defying conventional wisdom, San Diego-based CleverPet Inc. has introduced a game that challenges dogs to match colored lights.

Innovation, Specialization Now Define Region’s Aviation Sector

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.

Private Jet Business Sticks With Its Flight Plan

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.

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Co. Provides ‘Spares’ for Aircraft Carrier Systems

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.

GA-ASI Retools for Extended-Range Drones

General Atomics Aeronautical Systems Inc. has made some changes in its Poway factory reflecting its U.S. Army client’s new preferences.

Pentagon Is a Big Fan of Northrop’s Jamming

Signal jammers are turning into a healthy business for Northrop Grumman Corp.

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Casinos’ Upgrades Aim For Winning Reputations

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.

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Mitek Systems Acquires Spanish Company

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.

WD-40 Co. Reports FY2017 Results

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.

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