Tag: Defense
URI’s ocean robotics hub feeds wave of innovation
Inside a large test tank at the University of Rhode Island’s Narragansett Bay Campus, a remotely operated vehicle recently sliced through a floating ribbon...
R.I. Commerce awards $800K in innovation grants
PROVIDENCE – The R.I. Commerce Corp. board of directors has awarded $800,000 to 13 organizations through its Innovation Network Matching Grant Program.
The program provides grants...
Havoc raises $100M in Series A funding
PROVIDENCE – Havoc, a defense technology manufacturer with an office in the city, has raised $100 million in Series A funding.
The company has now...
Textron reports 6% Q1 profit boost; will separate industrial segment
PROVIDENCE – Textron Inc. on Thursday reported first-quarter profit of $220 million and announced its intent to separate its industrial segment.
The first-quarter profit was...
Sensata Technologies Q1 profit improves to $87.1M
ATTLEBORO – Sensata Technologies Holding PLC on Wednesday reported a $87.1 million profit in the first quarter of 2026, an increase from $69.9 million...
RTX Corp. year-end profit jumps 41% to $6.7B
PROVIDENCE – RTX Corp. reported a 2025 year-end profit of $6.7 billion, or $4.96 per share. That’s a 41% increase from $4.7 billion, or...
Workforce shortages are plaguing defense industries
In the shadow of Rhode Island’s prominent defense sector, General Dynamics Electric Boat and other companies are facing a persistent challenge: There aren’t enough...
SENEDIA awards five $2,000 scholarships to students pursuing defense careers
MIDDLETOWN – The Southeastern New England Defense Industry Alliance has announced the recipients of its 2025 scholarship program, awarding $2,000 each to five students...
RTX sees Q1 profit narrow to $1.54B
ARLINGTON, Va. – RTX Corp. on Tuesday reported a first-quarter profit of $1.54 billion, a 10% decrease from the $1.71 billion net income it...
RTX Corp. sees 49% profit growth in 2024
ARLINGTON, Va. – RTX Corp., formerly Raytheon Technologies Corp., reported a 2024 year-end profit of $4.7 billion, or $3.55 per share. That's a 49%...
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