Defense Industry
27 results total, viewing 11 - 20
KVH Industries Inc., a provider of guidance and Internet systems for the maritime and defense industries, reported second-quarter net income of $55,000, or zero cents per share, an improvement over the first-quarter net loss of $1.1 million but a 96.5 percent decline compared with net income of $1.6 million, or 10 cents per share, for the second quarter of 2013. more
Inventors, innovators and problem solvers from the Naval Undersea Warfare Center division participated in a “Hacking for Undersea Technical Excellence” event recently to inaugurate a new rapid innovation center. 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
Textron Inc. – parent company of Bell Helicopter, Cessna Aircraft Co. and Textron Systems – reported that its net income climbed 27.4 percent in the second quarter to $144 million, or 51 cents per diluted share, compared with $113 million, or 40 cents per diluted share, for the same period last year. more
The Governor’s Workforce Board has awarded a total of $1.1 million in Industry Partnership grants to eight groups with proposals aimed at addressing the skills gap in Rhode Island. more
When the U.S. Air Force puts out an expected request for proposals next year for the next generation of jet trainers, Providence-based Textron Inc. hopes to join what is sure to be a crowded field. If it is in the mix, the new Textron AirLand Scorpion jet will be the reason why. 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
Rhode Island’s defense industry contributed $3.75 billion to the state’s economy in 2013 and supported as many as 33,806 jobs statewide, according to a report released Tuesday by the R.I. Defense Economy Planning Commission. The defense economy generated $1.93 billion in income for Rhode Island households last year as well as $106 million in tax revenue for the state. more
The U.S. Department of Defense’s Defense Security Service has presented 2014 James S. Cogswell Outstanding Industrial Security Achievement Awards to the Northrop Grumman Corp. facility in Middletown. more
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