Thousands of local jobs are at risk if sequestration is not averted and if Congress fails to complete a defense spending bill, according to the Southeastern New England Defense Industry Alliance. more

KVH Industries Inc.’s profit rose 71.9 percent during the fourth quarter of 2012 and 316 percent for the year as a whole, the company reported Tuesday. more

University of Massachusetts Dartmouth Professor John Buck has received a $743,000 research grant from the U.S. Office of Naval Research to help improve sensor arrays for sonar systems. more

The economic impact of the Naval Undersea Warfare Center Division Newport exceeded $935 million during 2012, according to NUWC officials. more

General Dynamics Electric Boat was awarded three contracts totaling $4.6 billion from the U.S. Navy to design and develop the next-generation strategic-deterrent submarine, and to continue the construction of Virginia-class attack submarines. more

Defense contractors led by Lockheed Martin Corp., General Dynamics Corp. and Raytheon Co. gained a reprieve from U.S. spending cuts that may prove short-lived. more

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

Picerne Military Housing, a division of the Corvias Group, has closed a $72 million public-private partnership deal with the U.S. Army to build on-post barracks. more

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

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