Defense Industry
56 results total, viewing 1 - 10
Electric Boat President Jeffrey S. Geiger painted a glowingly positive picture of the future expansion and employment at the shipbuilder’s North Kingstown facility, with 650 new jobs in 2014 planned to be added to the current workforce of about 2,800. more
General Dynamics Electric Boat has signed a new 25-year lease agreement with the Quonset Development Corporation to extend and expand its footprint at Quonset Business Park, Gov. Lincoln D. Chafee announced Wednesday. more
The Scorpion tactical jet, developed by Textron AirLand LLC, completed its first flight Thursday at McConnell Air Force Base, less than 24 months after the initial design phase began to develop the aircraft. more
Textron Inc. – parent company of Bell Helicopter, Cessna Aircraft Co. and Textron Systems – reported fourth-quarter net income of $167 million, or 59 cents per diluted share, a 12.8 percent increase from $148 million, or 51 cents per diluted share, in the fourth quarter of 2012. more
Rhode Island gained 1,045 manufacturing jobs between December 2012 and December 2013, the first time in 13 years that the state posted an increase in manufacturing employment, according to a report released Monday by the Rhode Island Manufacturers Register. more
The U.S. Naval Sea Systems Command has awarded $41.6 million to Raytheon Co. to continue providing systems engineering support for the Ship Self-Defense System MK 2 anti-air defense hardware designed for installation aboard the Navy’s amphibious assault ships. more
The Naval Undersea Warfare Center spent $602 million of its total $874 million operating budget for 2013 on payroll, contracts with local companies, and construction and support for the command and research facility in Newport. more
WalletHub, the personal finance social network, released a study looking at the rates at which S&P 100 companies are taxed at the state, federal and international levels. more
Government spending cuts last year contributed to the fourth straight annual decline in federal contracting, the longest stretch since Ronald Reagan was president, statistics show. more
General Dynamics Corp. has been awarded one of three initial contracts in a $12.1 billion U.S. Coast Guard ship program, with competitor Huntington Ingalls Industries Inc. shut out. more
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