Daily Business Report — June 6, 2011
Cubic Corp. Rated No. 1 Aerospace and Defense Company
Cubic Corp. has been ranked by Aviation Week & Space Technology as the No. 1 aerospace and defense company reporting revenues between $1 billion and $5 billion in 2010. The magazine will honor the company and other category winners on June 22 at the Paris Air Show. “Cubic Corp.’s operating performance was superb in 2010, achieving its highest Top-Performing Companies score ever and besting a formidable group of peers to take the No. 1 ranking,” said Michael Lowry of Aviation Week. “The numbers suggest this result is not an accident. The company has posted an enviable history of higher highs and higher lows for the past 10 years. Nor does management appear content to rest on their laurels.” Lowry said that through the first quarter of 2011, Cubic Corp.’s earnings momentum continued to accelerate, reaching a level not seen since the aerospace and defense industry’s high-water mark set in 2007. Cubic reported revenues of over $1 billion for the first time in FY 2009 — the same year that Cubic celebrated 50 years as a publicly traded company. The company was launched in 1951 by Walter J. Zable, the company’s founder, chairman, president and CEO. Revenues grew more than 17 percent in FY10, reaching almost $1.2 billion. Since 2006, the company’s market capitalization has increased more than 250 percent to $1.3 billion today.
Since its inception, Cubic has played a prominent role in the aerospace and defense industry. In its early days, the company developed and pioneered a wide range of important tracking technologies, including systems to track missiles and the early manned space missions. Later, it branched into developing systems that track the position and performance of fighter pilots during air combat training exercises, and creating communications systems and networks for transmitting video and sensor data anywhere on earth.
New Brokerage to Focus on Hotel Industry
Gary London and Robert Rauch, veteran San Diego real estate consultants, have formed a new brokerage venture focusing on hotel transactions. Hospitality Advisory Services, the new entity, offers hotel and transient commercial brokerage services. It is initially targeting Southern California hotel buyers and sellers ranging from limited to full-service hotels. The two principals said it’s not a new alliance, but an affirmation of what they have been doing all along. London is with the London Group Realty Advisors and Rauch is head of R.A. Rauch & Associates. “For more than 20 years we have worked together on many projects, including market and feasibility studies, strategic consultation assignments, development, asset management and litigation support,” said London. “Representing our clients to find deals and capital is a natural extension of our partnership.”
Added Rauch: “This alliance acknowledges the synergy that makes us a ‘one-stop shop’ for our clients requiring the purchase or sale of hotels and distressed assets. Presently, no focused hotel brokerage effort exists in this market. “That is the niche that we intend to fill.” Services provided by Hospitality Advisory Services include underwriting and financial analysis, feasibility studients, bankruptcy and receivership consulting, marketing, business plan development, expert witness testimony, among others.
KPBS To Launch Nightly News Analysis Program
KPBS will launch a new, 30-minute news analysis program — “KPBS Evening Edition” — on Sept. 26 with host Joanne Faryon. The program will air weeknights at 6:30 p.m. Faryon, who has worked at KPBS since 2006, will guide analysis and discussion of the day’s news. Video packages, interviews and multimedia features will highlight the program. “‘KPBS Evening Edition’ will provide the San Diego community with a local news program dedicated to truthful, balanced and fair reporting of not only the day’s events, but also an analysis of the issues behind those events,” said Faryon. Prior to joining KPBS, Faryon worked as a newspaper, radio and TV reporter in Canada and the U.S., specializing in investigative reporting. She has produced radio and TV news as well as documentaries for both commercial stations and public media organizations. Faryon was recently awarded with a Walter Cronkite Award for political journalism for “Who’s Supervising San Diego?” a documentary on the San Diego County Supervisors. In addition, Faryon has earned a regional Emmy as well as several awards from the San Diego Press Club and the Society of Professional Journalists.“I think people want more in-depth, intelligent information from local broadcast media, and they deserve more,” said Faryon. “I am not afraid to ask tough questions. Hopefully people at home feel as though I ask the questions they want to ask.” The “Nightly Business Report” and the “BBC World News” will remain in the schedule. The “PBS NewsHour” will continue to air at 7 p.m.
Credit Union Names Senior V.P. of Human Resources
Michelle Pagni has been hired as the San Diego County Credit Union’s new senior vice president of human resources. Pagni has more than 17 years of experience in human resources management, including positions with credit unions and banks. She will be involved with developing and directing human resource policies and programs at SDCCU, including organizational planning, training, employment, compensation, benefits, safety and health and employee services. Pagni attended Chapman University and Grossmont and Cuyamaca colleges and is active in the industry, currently serving as the chairperson of the Port of San Diego Personnel Advisory Board. She is also a member of San Diego Society for Human Resource Management and HRD Network, a networking trade group for credit union professionals.
Judy Lebby Joins Cassidy Turley BRE Commercial
Judy Lebby has joined Cassidy Turley BRE Commercial’s property management team as senior property manager. She will work with Paul Klink, Cassidy Turley’s managing director of property management in Southern California. Lebby also will be responsible for the portfolio she brought with her from Grubb & Ellis which includes high-profile clients such as DRA Advisors and Lomas Santa Fe Group. Lebby worked for Grubb & Ellis Management Services as senior portfolio manager, Western Region for a year and a half. A 30-year veteran of the real estate industry, Lebby has leased and managed office buildings, retail shopping centers, industrial parks, including research and development as well as biotechnology uses, and medical office buildings and projects for local and institutional clients. Previously, she was a regional property manager for Landmark Asset Management Group. Lebby holds a California real estate license as well as certifications in real estate finance, real estate law, real estate appraisal and property management from UCSD. She a member of the San Diego Building Owners and Managers Association (BOMA).
Small Business Workshops
SCORE San Diego continues its series of low-cost workshops. Fees range from $29 to $109, depending on the program. To register online, visit score-sandiego.org. For more information, call (619) 557-7272.
• June 7 – Internet Marketing 304 – Cost-Effective Internet Marketing Tools – 9 a.m. to noon at National University in Kearny Mesa (9388 Lightwave Ave., San Diego 92123; pre-paid registration $49, $59 at the door)
• June 8 – Business Plan 101: How to Develop Your Best Competitive Advantage – 9 a.m. to 3 p.m. at National University in Kearny Mesa (9388 Lightwave Ave., San Diego 92123; pre-paid registration $79, $89 at the door)
• June 9 – Internet Marketing 201 – Build Your Business through Search Engine Optimization – 9 a.m. to 3 p.m. at National University in Kearny Mesa (9388 Lightwave Ave., San Diego 92123; pre-paid registration $69, $79 at the door)
• June 9 – Financial Statements – What They Mean, How to Use Them – 9:30 to 11:30 a.m. at National University in Kearny Mesa (9388 Lightwave Ave., San Diego 92123; pre-paid registration $29, $39 at the door)
• June 10 – Hiring and Managing Employees – 9 a.m. to noon at National University in Kearny Mesa (9388 Lightwave Ave., San Diego 92123; pre-paid registration $49, $59 at the door)
• June 11 – Introduction to Starting Your Own Business – 9 a.m. to 4:15 p.m. at National University in Kearny Mesa (9388 Lightwave Ave., San Diego 92123; pre-paid registration $69, $79 at the door)
• June 14 – Business Basics 101 – 9 a.m. to noon at National University in Kearny Mesa (9388 Lightwave Ave., San Diego 92123; No charge – please pre-register)
• June 14 – Managing Grants and Contracts – 9 to 11:30 a.m. at The San Diego Foundation in Point Loma (2508 Historic Decatur Road, #200, San Diego 92106; pre-paid registration $39, $49 at the door)
• June 15 – Internet Marketing 303 – Social Media for Small Businesses – 9 a.m. to noon at National University in Kearny Mesa (9388 Lightwave Ave., San Diego 92123; pre-paid registration $49, $59 at the door)
• June 17 – Import/Export – 9 a.m. to 4 p.m. at National University in Kearny Mesa (9388 Lightwave Ave., San Diego 92123; pre-paid registration $69, $79 at the door)
• June 18 – QuickBooks Basic – 9 a.m. to 4 p.m. at National University in Kearny Mesa (9388 Lightwave Ave., San Diego 92123; pre-paid registration $69, $79 at the door)
• June 18 – Effective Marketing – Identify and Target Your Customers – 9 a.m. to 4 p.m. at National University in Kearny Mesa (9388 Lightwave Ave., San Diego 92123; pre-paid registration $69, $79 at the door)
• June 21 – Financing Your Business – 9: 30 a.m. to noon at National University in Carlsbad (705 Palomar Airport Road, Carlsbad 92011; pre-paid registration $29, $39 at the door)
• June 22 – Business Plan 201: How to Write a Winning Business Plan – 9 a.m. to 3:30 p.m. at National University in Kearny Mesa (9388 Lightwave Ave., San Diego 92123; pre-paid registration $99, $109 at the door)
• June 28 – Introduction to Starting Your Own Business – 9 a.m. to 4:15 p.m. at National University in Carlsbad (705 Palomar Airport Road, Carlsbad 92011; pre-paid registration $69, $79 at the door)
• June 29 – Tax Considerations for Small Business – 9:30 to 11:30 a.m. at National University in Kearny Mesa (9388 Lightwave Ave., San Diego 92123; pre-paid registration $29, $39 at the door)
• June 30 – Business Basics 101 – 9 a.m. to 3:30 p.m. at National University in Kearny Mesa (9388 Lightwave Ave., San Diego 92123; no charge – please pre-register)
The Daily Business Report is produced by REP Publishing Inc., publisher of SD METRO, the North Park News, Kensington News and the West Coast Craftsman. Contact: Manny Cruz (619) 287-1865.
