Updated July 3 at 9:03pm
Defense Industry
42 results total, viewing 31 - 40
Several cycles of Pentagon budget cuts and plans for a smaller U.S. military haven’t dimmed the optimism of the southern New England defense sector. Largely thanks to submarine giant General Dynamics Electric Boat, the industry has remained stable over the last several years and could even see growth ahead. But military contractors and the numerous companies linked to their supply chain are not relying solely on the political clout of the local congressional delegation to keep contracts comings. more
General Dynamics Electric Boat has hired more than 720 employees so far this year at its Quonset Point facility in North Kingstown and is looking to add hundreds more in the next few months. more
The decommissioned USS Saratoga is on its way from Naval Station Newport to a recycling plant in Brownsville, Texas, where it will be scrapped and recycled, according to the U.S. Navy. 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
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
Raytheon Co., the world’s largest missile maker, said second-quarter sales fell 6.8 percent as all four of its divisions reported declines. 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
General Dynamics Corp., the Pentagon’s No. 3 contractor, raised its full-year profit forecast while second-quarter sales declined in a slumping defense market. more
Textron Inc.’s V-22 Osprey, the tilt-rotor craft that entered development almost 25 years ago, is poised to win its first export deals as Israel and Japan close in on purchases. more
Textron Inc. – parent company of Bell Helicopter, Cessna Aircraft Co. and Textron Systems – reported that its net income climbed 27.4 percent in the second quarter to $144 million, or 51 cents per diluted share, compared with $113 million, or 40 cents per diluted share, for the same period last year. more
« Prev | 1 | 2 | 3 | 4 | 5 Next »