Defense Industry
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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
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
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
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
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
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
Picerne breaks ground in Ft. Meade
Picerne Military Housing, a division of Corvias Group, broke ground Wednesday in Fort Meade, Md., in the first-ever, public-private partnership to build on-post barracks with the U.S. Army. more
| 2/20/13
R.I. jobs at risk from sequestration, says defense group
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
| 2/15/13
KVH sees profits, sales surge in 4Q, 2012
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
| 2/12/13
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