Updated February 28 at 8:42pm
Defense Industry
51 results total, viewing 11 - 20
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
General Dynamics Electric Boat is in a hiring surge to meet the requirements of U.S. Navy contracts and has already added more than 720 new employees at its Quonset Point facility since the beginning of the year, according to Jason Vlaun, the company’s human resources manager. 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
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
Rear Adm. Michael E. Jabaley will become commander of the Naval Undersea Warfare Center on Friday, relieving Rear Adm. David M. Duryea, during a change of command ceremony. more
The Naval Undersea Warfare Center dedicated a new $24.9 million payload research facility on Wednesday. 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
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
The U.S. Small Business Administration announced a partnership with the R.I. Commerce Corporation and its Procurement Techincial Assistance Center to offer Rhode Island small businesses free counseling and training programs on procurement procedures at the local, state and federal level. 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
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