Brad Graves

Reporter

Email: bradg@sdbj.com
Phone: 858-277-6359 Extension: 3102

Recent Stories

Executive Q & A: Masters In Business

The decision to pursue an MBA is a big one. The San Diego Business Journal recently spoke with three university administrators about master of business administration programs, and how to evaluate the merits of competing MBA programs. Read on for their thoughts:

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Sempra Declares Dividends for Common, Preferred Stock

Sempra Energy, the San Diego energy services company, announced a dividend of 96.75 cents per share, payable July 15 to shareholders of record on July 5.

As Times Change, Universities Fine-Tune MBA Programs

Online or in Person? Local Programs Straddle Line

Universities stand conventional thinking on its head. It’s what they do.

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Viasat Plans to Scan the Heavens From a Post in the Outback

Australian Government is Part Of Multimillion-Dollar Deal

Viasat Inc. is planning a multimillion-dollar infrastructure project.

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United Technologies, Raytheon Merger to Touch San Diego

Diverse Lines of Business Would Join Up in Mid-2020

A sizable aerospace and defense industry merger announced earlier in June will affect San Diego County.

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Navy Awards Michael Baker International Up to $99M in Work

The U.S. Navy awarded the San Diego office of Michael Baker International Inc. a five-year contract for civil engineering services. The indefinite delivery, indefinite quantity deal has a ceiling price of $99 million.

Cubic to Provide Advanced Data Link To F-35 Lightning II

Northrop Grumman Builds Electronics in Separate Effort

The space for electronics inside a Lightning II fighter aircraft is at a premium.

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RF Industries Reports $1.1M in Quarterly Net Income

RF Industries Ltd. — a maker of telecommunications cables, connectors and related electronic equipment — reported net income of $1.06 million, or 11 cents per diluted share, on net sales of $13.6 million during its second quarter, which ended on April 30.

RF Industries Names Board Member

Sherry Cefali has been appointed to the board of San Diego-based RF Industries Ltd., the publicly traded business that specializes in electronic interconnect products.

Interim Dean Named at SDSU’s Fowler College of Business

Bruce Reinig has been appointed acting and interim dean of the Fowler College of Business at San Diego State University, effective June 1.

Escondido Company’s Respiratory Aid Gets More Federal Funding

Medical Devices: Kaer Biotherapeutics Receives SBIR Grant

Escondido-based Kaer Biotherapeutics received a $300,000 federal grant to help it develop medical technology that could potentially help premature babies and adults with respiratory problems.

AttackIQ’s $17.6M Series B Will Keep It On the Offensive

SECURITY: It Plans to Hire This Year, Sees IPO in Its Future

Energy companies, health records companies, and other tech-heavy industries are keeping a closer eye on security. And with good reason: A failure in the electric grid or a banking system could be disastrous. But how do they ensure the dozens of systems they employ are working properly?

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Navy’s New Name For Its Old Town Base Is NAVWAR

Cyber Command’s Local Economic Impact Is $1.77B

The U.S. Navy changed the name of its information technology command in Old Town on June 3. The SPAWAR name is gone.

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Pentagon Spends On Services for Navy, Marines

Funds Go Toward Unmanned Aircraft, Ship Repair and IT

The following are selected defense contracts awarded to San Diego County companies during late May. The U.S. Department of Defense releases a digest of contract awards daily at 5 p.m. Eastern Daylight Time.

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Escondido Company’s Respiratory Aid Gets More Federal Funding

Escondido-based Kaer Biotherapeutics received a $300,000 federal grant to help it develop medical technology that could potentially help premature babies and adults with respiratory problems.

Venture Funded Software Firm Names CTO

ESUB Construction Software named Angelina Hendricks its chief technology officer. The hire follows on the heels of the announcement that eSUB raised $12 million in venture funding.

Navy Renames IT Command

The U.S. Navy information technology command based in Old Town will now be known as Naval Information Warfare Systems Command, or NAVWARSYSCOM.

Saudi Arabia Talks LNG Imports, Partnership With Sempra

Under the deal, Saudi Aramco would take a 25 percent stake in Sempra LNG's Port Arthur, Texas plant, which has yet to be financed and built. Sempra would export 5 million metric tons of LNG per year to Saudi Aramco.

Viasat Gets $10M Military Satellite Contract

Viasat Inc. said it received a contract to build a low Earth orbit satellite for the U.S. military’s Link 16 radio system. The Space Enterprise Consortium of the U.S. Air Force made the $10 million award.

A Sound Business Model: LRAD Grows Revenue 30 Percent

DEFENSE: Rancho Bernardo Business Bought Back $2.2M of Its Stock

LRAD Corp., the maker of Long Range Acoustic Devices able to deliver sound over great distances intelligibly, reported net income of $1.18 million, or 4 cents per share, on total revenues of $10.2 million during its second quarter, which ended March 31.

AT&T Cuts San Diego Technician Jobs

AT&T Inc. is laying off 101 employees in San Diego County, representatives of the employees’ labor union said earlier this month. The cuts affect premises technicians who install new services and make repairs.

Kearny Mesa Firm Helps Angelenos Reach Their Destinations

TECHNOLOGY: Transit Agency Inks $68.2M, 5½-Year Deal

Cubic Corp. received a $68.2 million contract extension to maintain and support the fare collection system for the Los Angeles County Metropolitan Transportation Authority, or LA Metro.

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Flux Power Puts Money into R&D, Reports Quarterly Loss

ENERGY: Battery Maker Plans to Move to Larger Facility

Flux Power Holdings Inc., which produces advanced lithium batteries for small industrial vehicles, reported a net loss of $3.8 million, or 8 cents per diluted share, on net revenue of $1.75 million during its third quarter, which ended on March 31.

NASSCO Lays Keel for First Fleet Replenishment Oiler

shipbuilding: Ship Costs $642M; Program Could Be $8B

General Dynamics NASSCO laid the keel for the first of up to 20 new U.S. Navy oilers — Navy auxiliary ships that refuel fighting ships in the middle of the ocean.

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Jack in the Box Won’t Sell, to Pursue Securitization

This concludes the company’s search for strategic and financing alternatives, the business said in a news release.

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Kratos Has a Profitable Quarter, Sees Growth Ahead

DEFENSE: Acquisition Of Florida Turbine Technologies Closes

Kratos Defense and Security Solutions completed the first quarter of 2019 on March 31 with net income of $3.1 million, or 3 cents per share, on revenue of $160.4 million.

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Cos. Still Confident In Their Sectors

ECONOMY: Profits, Hiring Plans and Policy Changes Support Outlook

Who is confident about the San Diego County economy? A lot of business people.

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First Drones Roll Off Production Line at Kratos’ New Factory

Oklahoma traces its place in the aviation world to 1933, when resident Wiley Post made the first solo, round-the-world flight.

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Firebird Flies in for a Visit Demonstrating Its Versatility and Availability

What’s spindly and gray, with twin tails and a backward-facing propeller? Nope, it’s not a riddle. It probably was what a lot of people at Montgomery Field were asking each other on April 17 as they viewed the strange aircraft on the other side of the chain-link fence.

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Navy Tests Leading-Edge Tech in April Exercise

Point Loma is home to a U.S. Navy lab, where military and civilian researchers put new inventions to the test.

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Viasat Delivers Capability Ahead of Schedule

“Concurrent mobile reception” is a term that means the ability to receive multiple radio messages at the same time. Carlsbad-based Viasat Inc. is building that capability into new Link 16 military radios, and it’s doing it before the government client requires it, the company said on April 10.

Cubic Wins Ireland Mobile Ticketing Deal

Kearny Mesa-based technology firm Cubic Corp. announced April 8 that it has been awarded a $4 million contract to service Ireland’s National Transport Authority mobile ticketing systems. The technology firm said its work with the transport authority is aimed at allowing mobile users to do business with multiple public transport operators.

Sempra Subsidiary Receives $3M Innovation Grant

Sempra Energy subsidiary SoCalGas has received a grant from the California Energy Commission to advance its research in renewable energy extraction.

Insurance Cos. Find Telematics’ Technology Can Be a Useful ‘Underwriting Tool’

Indeed, insurance is only one use for the technology. Telematics helps fleet managers track their far-flung assets and stay on top of maintenance and fuel expenses.

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Telematics Town: Niche Business Helps Clients Cut Risk, Economize

TECH: Sector Grew Out of Qualcomm Inc.; Use Cases Are Many

San Diego is a hotbed of telematics companies.

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Turtle Beach Charts Share Buyback

Audio accessories brand Turtle Beach (Nasdaq: HEAR) approved a $15 million share buyback on Wednesday.

$13M Software Upgrade for Navy Triton Aircraft

The U.S. Navy awarded Northrop Grumman Corp. a $12.9 million contract modification to upgrade software on three MQ-4C Triton aircraft.

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Screen-Printed Sensors Can Pinpoint Fentanyl

U.S. Defense Department funds helped a research team at UC San Diego develop an inexpensive way to test for fentanyl, the headline-grabbing opioid that can be 50 times stronger than morphine — or even stronger.

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GA-ASI to Build Aircraft for Spain in $34M Deal

The MQ-9 model is known as the Predator B, Reaper or Guardian.

Belgium Moves Closer to $600 Million Reaper Deal

General Atomics Aeronautical Systems Inc. is getting attention from a NATO ally and the aviation community at large.

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U.S. Clears Sempra to Export LNG from Baja California

Sempra Energy has received federal approval to export natural gas to its terminal near Ensenada, Mexico for shipping to foreign shores. The news comes on the eve of a major LNG conference in Shanghai.

Wireless Specialist Inseego Improves On Its Net Loss

Inseego Corp., the electronics specialist formerly known as Novatel Wireless, reported a GAAP net loss of $8.1 million, or 12 cents per diluted share, on revenue of $202.5 million during 2018.

Guild Mortgage Sets Records in 2018

Guild Mortgage, the independent lender based in Kearny Mesa, reported record results for 2018. Total loan volume for the year was $16.53 billion.

Northrop Grumman Gets $245M Order for Roadside Bomb Jammers

The U.S. Navy said March 22 that it exercised an option worth $245 million to buy more signal jammers known as JCREW. Northrop Grumman Corp. builds the electronics, which U.S. troops use to foil roadside bombs.

GA Tests System That Could Propel Underwater Vehicles

General Atomics’ Electromagnetic Systems unit reported in early March that it successfully demonstrated an aluminum power system for an unmanned underwater vehicle.

VA Signs $148M Lease on Kearny Mesa Property

The Department of Veterans Affairs signed a 20-year, $148 million lease on an approximately 100,000-square-foot building in Kearny Mesa, which it will convert into a VA outpatient clinic — billed as the only clinic of its kind in Southern California.

Engine Co. Acquisition Adds Key Component to Kratos UAV Program

AEROSPACE: Kratos Buying 80.1% of Co. With Option to Buy the Rest

Kratos Defense and Security Solutions Inc. continues to develop its unmanned aircraft business, as shown by its recent acquisition of a company that makes small jet engines in February, and the first flight of a drone in March.

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Axos, MWABank Transaction Receives Federal Approval

San Diego-based Axos Bank said earlier this month that it received federal regulatory approval to take on the deposits of MWABank, which amount to $173 million. Axos Financial Inc. (NYSE: AX) originally announced its plan to take on MWABank in December.

CalPrivate Bank Names Board Member

CalPrivate Bank and its holding company, Private Bancorp of America, announced on March 22 that it has named Brett Lawrence to its board of directors.

Military Construction May Wait for Border Wall

San Diego County has its share of military construction projects that might take a back seat to construction of a wall on the U.S.-Mexico border.

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