Defense Industry
40 results total, viewing 21 - 30
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
The U.S. Navy’s Space and Naval Warfare Systems Command has awarded a $23.5 million contract to General Dynamics Information Technology to develop software designed to model the effects of releasing chemical, biological, radiological and nuclear materials. more
The U.S. military has sent Congress a $36 billion wish list for equipment and operations that aren’t in the Pentagon’s official budget for the coming fiscal year. more
U.S. Sen. Jack Reed and U.S. Rep. David N. Cicilline will join the Naval Undersea Warfare Center on April 7 to dedicate a new $24.3 million electromagnetic sensor facility built to accommodate submarine servicing, prototyping and production support. more
Rhode Island gained 1,045 manufacturing jobs between December 2012 and December 2013, the first time in 13 years that the state posted an increase in manufacturing employment, according to a report released Monday by the Rhode Island Manufacturers Register. more
The U.S. Navy has awarded $35.8 million through two ongoing contracts with General Dynamics Electric Boat to perform advanced submarine research and develop modules for the Ohio-class replacement submarine at its facility in Quonset. more
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