Defense Industry
41 results total, viewing 11 - 20
On the 2014 Fortune 500 list of the largest U.S. corporations, released last week, CVS Caremark Corp. inched upward to No. 12 from No. 13 on the 2013 list. Also making the Fortune 500 again were Textron Inc. (No. 228) and United Natural Foods Inc. (No. 427). more
South Korea’s military is buying one of the top anti-armor weapons developed by the Pentagon, a Textron Inc. system designed to destroy tanks and vehicles. more
The V-22 Osprey’s deadliest accident stemmed partly from “undeniably intense” pressure to show progress for the new tilt-rotor aircraft, according to the U.S. Marine Corps commandant. more
A $17.8 billion submarine contract, the biggest weapons deal announced by the U.S. military in more than a dozen years, kept Pentagon awards from sinking last month. more
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
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
KVH Industries Inc., a provider of guidance and Internet systems for the maritime and defense industries, posted a net loss of $1.1 million, or 7 cents per share, for the first quarter of 2014, reversing net income of $2 million, or 13 cents per share, reported for the same period last year. 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
Raytheon Co., the world’s largest missile maker, reported a 6.3 percent decline in first-quarter sales, reflecting a slowdown in the federal marketplace. The shares fell the most since November 2012. more
The Pentagon will cut 17 of the 343 F-35 fighters it planned to buy from Lockheed Martin Corp. in fiscal 2016 through 2019 unless Congress repeals automatic budget cuts, according to a new Defense Department report. more
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