Defense Industry
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R.I. defense workers could lose $34M from spending cuts
Rhode Island could face $34.1 million in Defense Department civilian payroll cuts if automatic spending cuts kick in on March 1, the Associated Press reported. more
| 2/21/13
Hagel pressed to add East Coast missile defense, would aid Raytheon
Defense Secretary Chuck Hagel should include funds in the Pentagon’s next budget request to start work on a U.S. East Coast site for 20 anti-missile interceptors as a defense against Iran, House Republicans said. more
KVH profits move into black in 1Q
The bottom line of KVH Industries Inc. moved into the black during the first quarter of 2013 after a $1.38 million loss during the first quarter of 2012, the company reported Friday. more
| 5/3/13
Navy said to seek funding increase for Virginia-class submarines
The U.S. Navy will propose increased submarine and aircraft carrier funding in its budget request for the fiscal year beginning Oct. 1, while sticking to its plan for the troubled Littoral Combat Ship, according to internal figures obtained by Bloomberg News. more
Raytheon missiles stored due to missing motors
Raytheon Co., a Massachusetts-based defense contractor with a Rhode Island production facility, has put almost 900 air-to-air missiles for U.S. and allied air forces in storage because they’re missing a major component – motors, Bloomberg News reported last week. more
12/31/12
F-35 program to benefit R.I. economy, say Lockheed officials
Officials from Lockheed Martin, the manufacturer of the F-35 Lightning II, stopped by the R.I. Department of Administration Thursday afternoon to discuss the need for the fifth-generation fighter aircraft and how its manufacture will benefit Rhode Island’s economy. more
War College Museum earns spot on ‘Most Amazing University Museums’ list
The U.S. Naval War College Museum in Newport was one of six university museums in the United States to make college ranking website Best Colleges Online’s list of the “30 Most Amazing University Museums,” the publication said Wednesday. more
| 5/8/13
Electric Boat lands $20M for sub services
The U.S. Navy has awarded a $20 million contract modification to General Dynamics Electric Boat for nuclear-maintenance work for submarines. more
| 4/23/13
While others contract, EB is ramping up for growth
It’s a strange and wonderful time at Electric Boat. While most of the American defense sector contracts under federal budget cuts, the Groton, Conn.-based submarine builder is starting its largest expansion in a generation. At the company’s North Kingstown plant, Electric Boat is scaling up from 2,500 workers to potentially twice that number over the next eight years to develop the nation’s next ballistic-missile submarine. After years of cutbacks at Electric Boat, President Kevin J. Poitras is drawing on his 40 years of experience, which included the submarine arms race against the Soviet Union, to manage this new growth period. more

By Patrick Anderson
PBN Staff Writer | 4/22/13

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
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