Updated March 30 at 4:30pm
Defense Industry
48 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
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
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
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
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
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