San Diego Business Journal

Duffy Named CEO of DEI Holdings Inc.

Kevin Duffy has been named CEO of DEI Holdings Inc., the Vista-based holding company for consumer electronics and auto electronics brands such as Polk Audio and Viper.

Vista-Based McCain Inc. Agrees to Sell 100% of Its Shares to Swarco

The owner of Vista-based McCain Inc., which makes traffic control equipment for roads and highways, said Aug. 26 that it agreed to sell 100 percent of its shares to Austria-based Swarco.

ViaSat Gets 2 Pentagon Contracts

The U.S. Navy’s satellite network is trusty, but it needs an update. So it has tapped ViaSat Inc. for some help.

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Lessen The Burden

Software Takes Much of the Pain Out of Filing Development Profiles on Children

Gene Shi and Lala Zhang probably would not have built their particular business without the arrival of their daughter, Audrey.

Former Qualcomm Executive Touts Intel’s 5G Ambitions

Intel Corp. sees a significant role for itself in the ultrafast, fifth-generation wireless communications system due out in the next few years. The business “intends to play a unique role in the end-to-end deployment of 5G,” said Murthy Renduchintala, the second-highest ranking executive with the Silicon Valley chip maker.

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Airgain’s Action Breaks San Diego’s 15-Month IPO Drought

TECH: Antenna Maker Expects to Have at Least $9.8M to Work With

After a 15-month absence, a rare bird called the IPO returned to San Diego.

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Toy Technology Unleashed: Robotic Dog Groomed for Success

TECH: Co.’s Toys Aim to Take Advantage Of Emphasis on STEM

It’s almost noon and the sidewalks of La Jolla are busy with people walking their dogs.

NASSCO Receives a $511M Ship Building Contract for Two Vessels

General Dynamics NASSCO received a $511 million contract from Matson Navigation Co. Inc. to build two ships able to haul containers and other cargo on routes to Hawaii, the companies announced Aug. 25.

NASSCO to Christen and Launch Petroleum Tanker, Constitution

General Dynamics NASSCO plans to launch the 610-foot petroleum tanker Constitution into San Diego Bay on Aug. 27. The ceremony — also planned to include the traditional christening with a champagne bottle — will be open to the public.

Escondido-Based Herman Construction Gets $15.9 Million Army Contract

The U.S. Army said on Aug. 23 that it awarded Herman Construction Group Inc. of Escondido a contract worth $15.9 million.

Kratos Awarded $20 Million Contract

Kratos Defense & Security Solutions Inc. will play a part in getting the U.S. Air Force’s new aerial refueling tanker off the ground.

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Darryl Albertson Named Cubic Corp.'s First Diversity Officer

Cubic Corp. has named Darryl Albertson as its chief human resources and diversity officer.

Cubic Corp. to Lease Space in Otay Mesa

Cubic Corp. is leasing a 39,000-square-foot facility in Otay Mesa to complement its Tijuana manufacturing space.

Zumwalt Headed to San Diego After Commissioning

The U.S. Navy plans to send its futuristic destroyer Zumwalt to San Diego after the ship’s Oct. 15 commissioning ceremony in Baltimore.

Pentagon Taps ViaSat for Two Contract Awards

The U.S. Navy’s satellite network is trusty, but it needs an update. So it has tapped ViaSat Inc. for some help.

Two San Diego-Based Environmental Companies Will Compete for Navy Contracts

Two San Diego-area businesses received U.S. Navy contracts to provide habitat enhancement services on the Navy Department’s sprawling network of bases in Arizona, California and Nevada.

BAE Systems San Diego Awarded Second-Year Contract Options for Navy Ship Modernization Projects

BAE Systems San Diego Ship Repair is among seven companies awarded second-year contract options on U.S. Navy ship modernization deals.

General Dynamics NASSCO Awarded $24.4 Million Navy Contract

The U.S. Navy awarded General Dynamics NASSCO a $24.4 million contract modification to refine the design of the Navy’s proposed LX(R) amphibious ship replacement. Work is expected to last until September 2017.

Qualcomm Sets Up New Division Dedicated to Data Center Space

Qualcomm Inc. announced on Aug. 18 that it plans to market its data center chips under the name Qualcomm Centriq. It also said that it has set up a new business division, Qualcomm Datacenter Technologies Inc., dedicated to the data center space.

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Telletopia Wants Slice of TV Pie for Internet Broadcasts

TECH: Nonprofit Needs OK From FCC to Pursue Local TV Programming

Telletopia, the San Diego nonprofit, takes the second half of its name from the word “utopia.”

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Know Hitters

Co. Combines Hardware and Software to Evaluate How Your Form Is Functioning In Baseball and Other Sports

Justin Goltz gets into position to hit a baseball perched on a stand in front of him. A knot of bystanders feels the powerful whap of wood hitting leather as the ball sinks deep into a net.

Women Speakers at Conference Part of Sea Change for Military

One of the biggest military stories of the decade has been the gradual increase in the number of women among U.S. fighting forces on the front lines. There has been a lively debate over whether and how women should serve in the U.S. Army and U.S. Marine Corps infantry. In the U.S. Navy, women are slowly entering the submarine force. Early this month, Los Angeles native Dominique Saavedra became the first female enlisted sailor to earn her silver dolphins pin, meaning she is qualified to work on a submarine. A chief culinary specialist, Saavedra is expected to deploy on the USS Michigan, which carries Tomahawk missiles.

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SmartFoam’s Nanoparticles Have Big Markets Potential

TECH: Footwear, Mattresses May Be Changed By Material

UC San Diego’s engineering school and offers me a squishy piece of black plastic foam about the size of a dime.

Cisco Systems Says It Will Cut 5,500 Employees

Cisco Systems Inc. plans to eliminate up to 5,500 positions, or 7 percent of its global workforce, in a companywide restructuring, the Silicon Valley company said Aug. 17 when it announced fourth quarter earnings.

BAE Systems Ship Repair Leases 100,000 Square Feet in Chula Vista

Driven by the U.S. Navy’s plan to station more ships in San Diego and its own plans to grow, BAE Systems Ship Repair recently leased more than 100,000 square feet of new space in the South Bay.

GA-ASI Awarded $371 Million Air Force Contract

The U.S. Air Force placed a $371 million order with Poway-based General Atomics Aeronautical Systems Inc. for 30 Reaper remotely operated unmanned aircraft.

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Cubic Corp. Names Two Senior VPs

Cubic Corp. has named two new senior vice presidents for its defense business, including a recently retired U.S. Army three-star general.

TPT Global Tech Acquires Digithrive

TPT Global Tech Inc., a downtown company that does business in the telecom space, announced another acquisition on Aug. 16. The business said that it had completed its acquisition of Digithrive, a company that offers web and app development services. Terms of the deal were not disclosed.

Airgain Inc. IPO Closes at $8.30 Per Share on 2nd Day

Shares in Airgain Inc. closed up almost 4 percent at $8.30 on Aug. 15 — their second day of trading following the company’s $12 million initial public offering.

Contractor Awarded $9.7M Navy Contract

The U.S. Navy awarded A&D General Contracting Inc. a $9.7 million task order to build a combat service support facility at Marine Corps Base Camp Pendleton.

BAE Systems Makes $300,000 Contribution to Bridge Lighting Art Project

BAE Systems, the British defense contractor that runs one of the U.S. Navy ship repair businesses in Barrio Logan, has contributed $300,000 to a project that would bathe the San Diego-Coronado Bay Bridge with artistic lighting at night.

BAE Systems Contributes $300,000 for Bridge Lighting Art Project

BAE Systems, the British defense contractor that runs one of the U.S. Navy ship repair businesses in Barrio Logan, has contributed $300,000 to a project that would bathe the San Diego-Coronado Bay Bridge with artistic lighting at night.

Broadcom Ltd. Notifies State EDD it Plans 50 Permanent Layoffs

Chipmaker Broadcom Ltd. plans to lay off as many as 50 employees in San Diego, according to information released Aug. 10 by the state Employment Development Department.

Callaway Golf Announces Quarterly Dividend

Carlsbad-based Callaway Golf Co. declared a penny-per-share dividend on Aug. 10.

Many Galaxy Note 7s to Use Qualcomm’s Snapdragon 820

Samsung is using a Qualcomm Inc. chip — the San Diego company’s flagship Snapdragon 820 processor — in many versions of its Galaxy Note 7 handset, which goes on the market Aug. 19. Selling for slightly less than $1,000, the device has a 5.7-inch “phablet” display, a stylus and an intriguing security feature: an iris scanner. That’s right, for your eye. No iris is the same, so you can use the biometric marker to unlock the phone or make mobile payments.

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Hostel Takeover

Entrepreneurs’ Site Looks to Blaze An Online Trail for Those Who Travel Light

After spending a couple of their post-college years traveling the globe, and a few more years refining their business plan, San Diegans Bradon Young and Garrett Mincks have started a business to tell people how they can travel, too.

Industry Veteran Danforth Is Picked to Lead LRAD Corp.

The board of LRAD Corp. recently chose Richard S. Danforth to be its CEO, and negotiated a compensation package that includes a base salary of $325,000. Bonuses, stock options and benefits round out Danforth’s pay package, which includes an annual bonus in the range of $243,800 to $487,500, depending on how well the company does.

Qualcomm Software Patches to Fix Flaw May Take Time to Install

More than 900 million Android smartphones and tablets equipped with Qualcomm chips and software have security flaws that could give a hacker root access to the device — that is, complete control of it.

Air Force Awards GA-ASI $8 Million Contract

The U.S. Air Force recently awarded General Atomics Aeronautical Systems Inc. an $8.8 million contract covering ground control stations for the unmanned Predator.

Revenue Up, Net Income Down in Q1 for ViaSat

Revenue rose 5 percent but net income dipped for ViaSat Inc. when the electronics and communications company reported first-quarter earnings on Aug. 9.

Turtle Beach Corp. Reports Q2 Net Loss of $42.6 Million

Turtle Beach Corp., which makes gaming headsets and other headphones, revealed a second quarter net loss on Aug. 8, as well as plans to explore strategic options with its HyperSound line.

Kratos Defense & Security Hikes 2016 Revenue Forecast

Kratos Defense & Security Solutions Inc. increased its revenue forecast for 2016 by $10 million, to $659 million, when it took the wraps off of its second quarter financial results on Aug. 4.

Qualcomm Signs Patent License Agreement With Another Chinese Firm

Qualcomm Inc. announced on Aug. 7 that it signed a patent license agreement with Vivo Communication Technology Co. Ltd. of China. The news came one week after Qualcomm (Nasdaq: QCOM) announced a pact with a second Chinese company, GuangDong OPPO Mobile Telecommunications Corp. Ltd.

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Carlsbad-based Software Company Names Stelling CEO

Carlsbad-based Enviance named Amy Stelling as its CEO.

Tapestry Solutions Names Wright President

Tapestry Solutions Inc., a unit of the Boeing Co., has promoted Robin Wright to president, effective Aug. 6.

Strong Sales Lift Callaway Golf's Q2 Earnings

Callaway Golf Co. — the Carlsbad maker of balls, clubs and golf accessories — reported a 140 percent improvement in second quarter earnings and got a surprise gift from a competitor.

Sempra Energy Reports Q2 Earnings of $16M, Revenue of $2.16B

Sempra Energy reported earnings of $16 million, or 6 cents per share, during the second quarter of 2016. Total revenue was $2.16 billion, the company said Aug. 4.

Industry Veteran Richard S. Danforth Picked to Lead LRAD Corp.

The board of LRAD Corp. named former DRS Technologies Inc. executive Richard S. Danforth, 56, as the company’s new CEO on Aug. 1.

Cubic Corp. Reports Q3 Net Income of $4.5 Million

Cubic Corp. reported net income of $4.5 million, or 17 cents per share, on sales of $375.2 million in its third quarter, which ended June 30. For the same quarter one year ago, Cubic reported $8.8 million in net income (33 cents per share) on $347.8 million in sales.

Novatel Wireless Inc. Cuts Net Loss, Grows Revenues in Q2

Novatel Wireless Inc., which is recasting itself as a specialist in the Internet of Things, cut its net loss to $2.7 million, or 5 cents per share, and grew its total net revenues to $62.8 million in its second quarter, which ended June 30.

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