Defense Industry
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Cuts in defense, Medicare could mean fewer jobs for R.I.
Rhode Island could lose up to $82 million and more than 3,000 jobs due to sequestration in defense and Medicare spending, respectively, according to reports released by the Center for Security Policy and the Hospital Association of Rhode Island. more
Textron’s Bell Helicopter makes ‘safest companies’ list
Bell Helicopter, the Fort Worth, Texas-based subsidiary of Textron Inc., was named one of America’s safest companies by EHS Today, a magazine for environment, health and safety leaders, Textron announced Friday. more
| 9/14/12
EB lands $100M contract modification from Navy for submarine work
General Dynamics Electric Boat landed a $100.4 million contract modification from the U.S. Navy to provide lead-yard services for Virginia-class nuclear-powered attack submarines. more
| 10/3/12
Raytheon lands $45.3M Navy contract extension
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
| 10/18/12
Raytheon boosts 2012 profit forecast citing push to cut costs
(Updated, 10:15 a.m.) Raytheon Co., one of the world’s largest missile makers, boosted its full-year profit forecast and said third-quarter profit rose less than 1 percent. more
EB lands $17.5M Navy contract modification
General Dynamics Electric Boat was awarded a $17.5 million contract modification with the U.S. Navy for submarine planning services. more
| 10/26/12
Textron taps Lord as president, CEO of Textron Systems
Textron Inc. has named Ellen Lord as president and CEO of its Wilmington, Mass.-based Textron Systems segment, the company announced Monday. more
| 10/29/12
KVH profits surge in 3Q
KVH Industries Inc.’s profit surged 190 percent during the third quarter of 2012, rising to $1.7 million, or 12 cents per diluted share, from the $600,000, or 4 cents per diluted share, reported during the same period in 2011. more
| 10/31/12
Cogility lands $500K contract with Army
PROVIDENCE – Cogility Software Corp., the wholly owned subsidiary of Lake Forest, Ill.-based Acquired Sales Corp., has landed a $500,000 contract continuation for the development of the Joint IED Analysis Tool for the U.S. Army. more
11/19/12
NUWC’s McCormack honored by UMass Dartmouth
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
| 11/27/12
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