San Diego Business Journal

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Behind the Controls

WEALTH: Linden and Neal Blue Quietly Steer GA And Other Business Pursuits

Their Predator aircraft flies high enough to avoid detection, but J. Neal Blue and Linden S. Blue seem to prefer the opposite approach. The low-key industrialists fly under the radar.

Pulse Electronics Corp. Reports Net Loss of $9.6M for Q4

Pulse Electronics Corp. reported a net loss of $9.6 million on net sales of $80.1 million for its fourth quarter.

Viterbi Inducted Into Entrepreneur Hall of Fame

Qualcomm Inc. co-founder Andrew Viterbi was inducted into Connect’s Entrepreneur Hall of Fame during a recent luncheon at the Estancia La Jolla Hotel & Spa.

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Roosevelt’s New Homeport Will Be S.D.

The aircraft carrier USS Theodore Roosevelt left Naval Station Norfolk, Va., on March 5 for a world deployment and then a trip to its new homeport of San Diego.

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County’s Population to Exceed 4 Million by 2060

GROWTH: Forecast Shows Region’s Market Over 50-Year Period

Statistics from Sacramento’s bean counters offer an estimate of how big a market San Diego will become over the next 50 years.

Bridgepoint Appoints Christopher Henn as Executive VP/COO

Bridgepoint Education Inc. said on March 19 that it appointed Christopher Henn as executive vice president and chief operating officer, effective April 13.

Three Kratos-Powered Drones Participate in Test

Three target drones with rocket motors from Kratos Defense & Security Solutions Inc. took part in an Aegis Ballistic Missile Defense weapon system test in late February, the company said on March 16.

Novatel's COO Taking 30 Percent of Base Salary in Stock

Novatel Wireless’ chief operating officer has started taking 30 percent of his 2015 base salary in stock, the company said on March 18.

S.D. Population Expected to Exceed 4 Million by 2060

Statistics from Sacramento’s bean counters offer an estimate of how big a market San Diego will become over the next 50 years.

NASA Satellite Carried Vanguard Solar Technologies

Vanguard Space Technologies Inc. said on March 16 that it provided the solar array substrates and electromagnetically clean shielding for NASA’s MMS satellite that launched on March 12. Financial terms of the project were not disclosed.

Turtle Beach Corp. Gives Its Q4 Results

Headset maker Turtle Beach Corp. reported on March 16 that it had fourth quarter net income of $2.36 million on revenue of $92.3 million.

Kratos Defense Reports $2.2 Million Net Loss for Fourth Quarter

Kratos Defense & Security Solutions Inc. reported a net loss of $2.2 million on revenue of $221.5 million during its fourth quarter, which ended Dec. 28. The net loss for the quarter amounted to 4 cents per share.

S.D. Airport Working to Broaden International Destinations

San Diego airport leaders continue their work to establish new service to international destinations.

USS Theodore Roosevelt to Make San Diego its Homeport

The aircraft carrier USS Theodore Roosevelt left Naval Station Norfolk, Va., on March 5 for a world deployment and then a trip to its new homeport of San Diego.

San Diego Airport Exploring European, Central American Routes

San Diego airport leaders continue their work to establish new service to international destinations.

M Ship’s Stiletto Cut a Fine Figure With Its Innovative Design

M Ship Co. never had the distinction of building a massive supercarrier or cranking out Liberty Ships by the hundreds. The San Diego company did not even build watercraft; it designed them. But boy, did it design a mean-looking vessel.

Bitcoin Wallet Helps Users Boost Their ‘Exchange Rate’

SOFTWARE: App Provides Convenient Way to Spend Currency

Saying that Paul Puey is upbeat about bitcoin is kind of like saying Babe Ruth is OK at baseball.

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Port Has $4.4 Billion Annual Economic Impact

ECONOMY: 2013 Data Shows Impact Is Up 8% Since 2011

The Port of San Diego has an annual economic impact of $4.4 billion, according to a study commissioned by the agency and issued March 10.

Net Neutrality Act: The ‘Fix’ Is In?

TECH: Critics Cry Power Grab; Backers Cite Fairness

The federal government’s decision to treat the Internet like a utility is akin to a blockbuster movie that people love or hate.

Kratos Reports Q4 Net Loss of $2.2 Million on Revenue of $221.5 Million

Kratos Defense & Security Solutions Inc. reported a net loss of $2.2 million on revenue of $221.5 million during its fourth quarter, which ended Dec. 28. The net loss for the quarter amounted to 4 cents per share.

Hamilton Sundstrand Awarded $12.3 Million Navy Contract

The U.S. Navy said on March 12 that it awarded Hamilton Sundstrand — now a unit of UTC Aerospace Systems — a five-year contract for work on specialized submarine equipment. The indefinite quantity, indefinite delivery deal could ultimately be worth $12.3 million.

Navy Renews Contract with SAIC to Train Marine Mammals

Science Applications International Corp. (SAIC) said on March 11 that the U.S. Navy has renewed its contract to care for and train the Navy’s marine mammals in San Diego; Bangor, Wash.; and Kings Bay, Ga.

Local Marine Corps Bases to Benefit From $25 Million Contract

Lion-Vallen Industries of Dayton, Ohio received a one-year, $25 million contract to provide logistics services at U.S. Marine Corps bases.

Port of San Diego Has Annual Economic Impact of $4.4. Billion

The Port of San Diego has an annual economic impact of $4.4 billion, according to a study commissioned by the agency and issued March 10.

Kratos Receives Orders Worth $4.1 Million

Kratos Defense & Security Solutions Inc. said on March 10 that it received orders worth $4.1 million for specialty electronics that will eventually go in U.S. Navy aircraft.

Qualcomm Board Authorizes $15 Billion Share Buyback

The board of semiconductor-maker Qualcomm Inc. authorized a $15 billion share buyback program on March 9.

Cubic Awarded $2.6 Million Contract From Italy

Cubic Corp. said on March 9 that Italy’s ministry of defense awarded it a follow-on contract worth more than $2.6 million.

USD to Offer New Graduate Degree in Finance

The University of San Diego said on March 9 that it was enrolling students for a new graduate degree: a master of science in finance.

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Northrop Grumman Says Cost Per Flight Hour for Global Hawk Had 'Significant Decrease'

Northrop Grumman Corp. said recently that the cost per flight hour for its Global Hawk unmanned aircraft saw a “significant decrease” during 2014, while flight hours rose nearly 40 percent. The business did not disclose dollar amounts.

SDG&E and SoCalGas Name Folkmann CFO

The boards of San Diego Gas & Electric Co. and SoCalGas, meeting March 6, named Bruce Folkmann, 47, as chief financial officer of the utilities.

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Northrop Says Costs of Global Hawk Flight Hours Dropped

Northrop Grumman Corp. said recently that the cost per flight hour for its Global Hawk unmanned aircraft saw a “significant decrease” during 2014, while flight hours rose nearly 40 percent.

Former Biotech Exec Now Curing Sales and Marketing Woes

Richard Hollis’ name has long been associated with biotechnology. But the 2008 recession and an unpleasant end to his last enterprise, Hollis-Eden Pharmaceuticals, got him thinking about new directions.

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For Entrepreneur, It’s All About the Journeys: Truck Journeys

LOGISTICS: Firm Deciphers, Delivers Trucking Data

After driving the first leg of his entrepreneurial journey, Douglas Hayden is moving over to let someone else take the wheel.

Carlsbad-Based Spy Inc. Reports Fourth Quarter Financials

Spy Inc., the Carlsbad company that makes sunglasses and goggles for the youth market, announced its fourth quarter financial results on March 5, reporting a comprehensive loss of $445,000 on net sales of $9.8 million.

BAE Systems, Tapestry Solutions Competing for U.S. Navy Contracts

BAE Systems Information Solutions Inc. and Tapestry Solutions, both of San Diego, are among nine companies that will compete for U.S. Navy software contracts, the Pentagon announced on March 4.

Mad Catz to Produce Peripherals for Rock Band 4 Video Game

San Diego-based Mad Catz Interactive Inc. announced on March 5 that it will produce peripherals for the Rock Band 4 video game from Harmonix Music Systems Inc.

Price of InfoSonics Corp. Shares Rise Almost 60 Percent

Shares of InfoSonics Corp. rose almost 60 percent on March 4, closing at $2.71, on the strength of the company’s earnings report.

Region's Leading Economic Indicators Up Sharply in January

Economic indicators for the San Diego region rose sharply in January, according to the University of San Diego.

Sotera Wireless Acquires Reflectance Medical

Sotera Wireless, the Mira Mesa-based medical device company, said on Feb. 25 that it acquired Reflectance Medical Inc. of Westborough, Mass. for undisclosed terms.

General Dynamics Nassco to Start Work on First of Five Tankers

General Dynamics Nassco plans to lay the keel of its first ECO tanker for American Petroleum Tankers with a ceremony Friday at its Barrio Logan shipyard.

Qualcomm Unveils Snapdragon 820 Processor

Qualcomm Inc. unveiled its newest top-of-the-line processor, the Snapdragon 820, at Mobile World Congress in Barcelona, Spain, saying that samples of the chip will be available to device manufacturers during the second half of 2015.

West Consultants Awarded Army Contract Worth Up to $9.5 Million

The U.S. Army said on March 2 that it awarded a five-year engineering contract to West Consultants Inc., a small business in San Diego.

General Atomics Teaming With Spanish Engineering Firm

Opening the door to potential sales to Spain, General Atomics Aeronautical Systems Inc. announced on March 2 that it is teaming up with SENER, a Spanish engineering firm, to make its Predator B unmanned aircraft available to the government of that European country.

3D Robotics Secures $50M Series C Funding Round

3D Robotics, a maker of small unmanned aircraft which it hopes to sell to businesses, said that it received $50 million in a series C funding round led by Qualcomm Inc. (Nasdaq: QCOM).

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Sempra Energy Reports 2014 Earnings of $1.16 Billion

Sempra Energy, the San Diego-based energy holding company and parent to San Diego Gas & Electric Co., unveiled its 2014 financial results Feb. 26, reporting earnings of $1.16 billion on total revenue of $11.04 billion.

Defense Sector May Have to Restructure if Budget Takes Hit

Does Cubic Corp.’s planned restructuring mean that there’s something bigger a-brewing in the defense industry?

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Companies Connect Various Service Providers and Consumers

TECH: Investors’ Backing Helps Support Expansion

Two San Diego businesses that let consumers summon service providers with a tap on a smartphone have pulled in seven-figure sums from investors.

TrackTrain Gives Firefighters a Record of Risky Situations

SOFTWARE: Exposure To Smoke, Chemicals And More Is Logged

Sometimes business plans take a detour.

Cubic Global Defense Awarded $65 Million Deal

Cubic Corp. said that its Cubic Global Defense unit received a contract valued at more than $65 million; the customer is an army in an unnamed Middle Eastern country.

VC Puts $470M into S.D. in First Half of 2014

TECH: Top Two Recipients Were Biotech Companies

Venture capitalists invested $470 million in 53 deals in San Diego during the first six months of 2014.