defense industry - Page 3 of 3 - Providence Business News

ELECTRIC BOAT will receive up to $20 million in incentives for its initiative to nearly double its square-footage in the Quonset Business park and hire 1,300 workers in Rhode Island as it scales up its workforce to build the Colombia-class submarine for the U.S. Navy. Above the Virginia-class submarine, which Electric Boat also produces for the Navy. / COURTESY ELECTRIC BOAT

State offers up to $20M for Electric Boat Quonset expansion, hiring...

Capital Goods 05/03/2018

NORTH KINGSTOWN – General Dynamics Electric Boat is expanding its Quonset facility and creating 1,300 jobs over the next decade, the company announced Thursday. As...

GENERAL DYNAMICS credited work on the Virginia Class submarine as one of the reasons its first-quarter revenue increased this year. / COURTESY ELECTRIC BOAT

General Dynamics reports $799M Q1 profit

Capital Goods 04/26/2018

NORTH KINGSTOWN – General Dynamics, parent organization of Electric Boat Corp., reported earnings of $799 million for the first quarter of 2018 on Thursday. The...

SEA CORP WAS AWARDED a $23.6 million contract to provide engineering and research materials, resources and training for the Undersea Warfare Sensors and SONAR Systems Department at the Naval Undersea Warfare Center by the U.S. Navy.

SEA CORP awarded $23.6M contract for training at NUWC

Government 04/02/2018

MIDDLETOWN – Systems Engineering Associates Corp. has been awarded a $23.6 million contract to provide materials, engineering and research services to the Undersea Warfare...

NUWC NEWPORT contributed nearly $1.2 billion to the region's economy in FISCAL 2017, according to facility representatives. / COURTESY NAVAL UNDERSEA WARFARE CENTER DIVISION NEWPORT

NUWC has $1.2B impact on local economy

Government 03/08/2018

NEWPORT – The Naval Undersea Warfare Center Division Newport reported that its local spending in fiscal 2017 was $1.2 billion, an increase over the...

IN ITS YEAR-END SEC report, General Dynamics highlighted its Marine Division's work on both the Virginia-class submarine, pictured above, and its work on the Columbia-class submarine as major projects. / COURTESY ELECTRIC BOAT

General Dynamics nets $2.9B in 2017

Capital Goods 01/30/2018

PROVIDENCE – General Dynamics Corp. reported 2017 net income of $2.9 billion, a year-over-year increase of 13.2 percent, on revenue of $31 billion, a...

SeaCorp specializes in creative and adaptive thinking

PBN Award Winners 09/22/2017

FASTEST GROWING COMPANIES | $25M-$75M | 2ND PLACE A brainy, cohesive workforce with a sterling reputation and a talent for borrowing and adapting existing technologies...

Textron reported net income of $153 million in the company's 2017 second quarter, a $24 million decline from the second quarter of 2016. Above, the 407GXP from Bell Helicopter.

Textron reports revenue rise, profit drop for Q2

Capital Goods 07/19/2017

PROVIDENCE - Textron Inc. reported net income of $153 million for its second quarter, a 13.6 percent decline from $177 million a year earlier. Earnings...

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