Textron Inc. has named Ellen Lord as president and CEO of its Wilmington, Mass.-based Textron Systems segment, the company announced Monday. more

Rainbow Cab Co. has had its license to operate suspended for three months for doing business outside its permitted area, according to the Newport Daily News. more

Three Rhode Island companies – J/Boats, C&C Fiberglass Components and Bluenose Yacht Sales – were honored in Bristol on Friday for earning recognition in Sailing World magazine’s Boat of the Year Awards. more

Raytheon Co. has been awarded a $45.3 million U.S. Navy contract extension to provide hardware, test equipment and services for the MK 54 lightweight torpedo, the company announced Thursday. more

Gas prices in Rhode Island held steady at $3.97 this week after rising 1 cent last week, according to AAA Southern New England. more

Chrysler Group LLC, the U.S. automaker majority owned by Fiat SpA, named Brown University President Ruth Simmons to serve on its board, and the United Auto Workers replaced its director. more

Picerne Military Housing, a division of the Corvias Group, has closed a $72 million public-private partnership deal with the U.S. Army to build on-post barracks. more

Rhode Island’s gasoline prices rose 4 cents this week, after dropping last week for the first time since early July, according to AAA Southern New England. more

San Carlos, Calif.-based Natus Medical Inc. has entered into a definitive agreement to acquire the Grass Technologies product group from technology manufacturer Astro-Med Inc. for $18.6 million, the companies announced Monday. more

Donald McCormack, technical director at the Naval Undersea Warfare Center, has been awarded the University of Massachusetts Dartmouth’s 2012 Alumni Association Achievement Award. more