Capital Goods
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Bell Helicopter, a subsidiary of Providence-based manufacturer Textron Inc., will lay off 325 workers due to the continued decline in defense contracts, the Fort Worth Star-Telegram reported Monday. more
Nortek Inc., maker of home and office security solutions, ventilation and air management products, and heating and cooling systems, posted a first-quarter net loss of $8.6 million, or 55 cents per diluted share, a reduction from the loss of $15.1 million, or 98 cent per diluted share, reported for the same period last year. more
Gas prices rose a penny in Rhode Island and remained unchanged in Massachusetts this week, while the national average dropped for the first time in months, according to the weekly survey by AAA Southern New England. more
Textron Inc. – parent company of Bell Helicopter, Cessna Aircraft Co. and Textron Systems – reported that its net income dropped 28.6 percent in the first quarter to $85 million, or 30 cents per diluted share, due in part to restructuring costs incurred by the manufacturer’s acquisition in March of Beech Holdings LLC. more
Nortek Inc. announced Wednesday that it has completed its acquisition of the heating, ventilation and air conditioning business of Thomas & Betts Corp., a wholly owned subsidiary of international power and automation manufacturer ABB Ltd. more
The Providence-Fall River-Warwick metro area added no construction jobs between March 2013 and March 2014, ranking the state at No. 198 among the 339 metro areas nationwide in terms of year-over-year net employment gain, according to the Associated General Contractors of America jobs report released April 28. more
Sensata Technologies Holding N.V. reported first-quarter earnings of $68.4 million, or 39 cents per diluted share, a 97.2 percent increase over the $34.7 million, or 19 cents per diluted share, reported for the same period in 2013. more
The U.S. Navy has awarded a $17.6 billion contract to General Dynamics Corp. and Newport News Shipbuilding for the next block of 10 Virginia-class submarines to be built beginning in fiscal year 2014 and continuing on to fiscal 2018. more
Rhode Island and Massachusetts both reported gasoline price increases this week, extending the trend of rising prices in both states for a fourth consecutive week, according to the weekly survey by AAA Southern New England. more
The brainchild of cousins Dave Evans and Charlie Dewey, the Evans Capacitor Co. in East Providence has been inventing, developing and producing unique, high-energy, density capacitors since it opened its doors in 1996. Today, Evans Capacitor’s hybrid capacitors have established a niche for very high-power, high-reliability pieces with aerospace and defense applications. more
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