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GENERAL DYNAMICS ELECTRIC BOAT has been awarded about $2.5 billion in contract increases this year for its work on the Navy's next generation of nuclear subs, called the Columbia class. / COURTESY GENERAL DYNAMICS ELECTRIC BOAT

Electric Boat receives $2.5 billion in sub contract increases this spring

PROVIDENCE – So far, federal funding is falling into place nicely for defense contractor General Dynamic Electric Boat, one of Rhode Island’s largest employers....
GENERAL DYNAMICS CORP. reported a profit of $745 million in the first quarter. / COURTESY GENERAL DYNAMICS ELECTRIC BOAT

General Dynamics profit falls in Q1 to $745M

PROVIDENCE – General Dynamics Corp. reported a profit of $745 million in the first quarter of 2019, a 6.8% decline from $799 one year...
PBN PHOTO/DAVE HANSEN

Raimondo: A ‘partner with business’

You could say Gov. Gina M. Raimondo is a pragmatist. The way she puts it, she’s not trying to change the world so much...
DRUG TESTING: Craig Pickell is the president and CEO of Bullard, which makes custom grinders and abrasives. Manufacturers such as Pickell, who also serves as chairman of the Rhode Island Manufacturers Association, are concerned about the worker-safety issues and employer rights regarding drug testing if recreational marijuana use is legalized.
 / PBN PHOTO/MICHAEL SALERNO

‘We’re not going to stop [legal pot]’

Amid the rolling fields and wooded hills outside Worcester, Mass., people park their cars in a dirt lot then take a shuttle bus to...
THE U.S. NAVY'S Columbia-Class Submarine project will be audited by the Pentagon’s inspector general on how well the Navy is overseeing development of the propulsion and steering system. / COURTESY GENERAL DYNAMICS ELECTRIC BOAT

Navy’s $128B nuclear sub project faces watchdog’s review

NEW YORK – The Pentagon’s inspector general plans to audit how well the U.S. Navy is overseeing development of the propulsion and steering...
THE GAO WARNED that the U.S. Navy's cost estimates for the Columbia-Class submarine may rise due to unreliable cost estimates. / COURTESY GENERAL DYNAMICS ELECTRIC BOAT

U.S. nuclear-armed sub may cost more than Navy says, GAO warns

NEW YORK – The U.S. Navy may have to ask Congress to boost funding in fiscal 2021 to buy the first in its new...

Employers getting ‘skin’ in job training

Part of Rhode Island’s economic future depends on the state’s ability to keep pushing the envelope on job training, and that includes getting employers...
LARGER SPACE: Edesia, a maker of food products for customers such as UNICEF that ship goods overseas to feed malnourished children, outgrew its original facility in Providence and made the move to the Quonset Business Park in North Kingstown in 2016, opening an 83,000-square-foot, high-tech factory. From left, Executive Director Maria Kasparian, founder and CEO Navyn Salem and HMI Controller Jorge Campos work in the factory.
 / PBN PHOTO/RUPERT WHITELEY

How much growth is left at Quonset?

Steven J. King rolls up in a company-issued sport utility vehicle to a graveled construction site in a wooded area, at the end of...

Five Questions With: Julian L. Alssid

Julian L. Alssid is vice president of workforce partnerships at the Community College of Rhode Island. Prior to joining CCRI, Alssid was chief workforce...
BETTER THAN EXPECTED: Adrien Hebert, left, co-owner and chief financial officer, speaks with Bob Laferriere, operations manager, at Trans-Tex, a company in Cranston that makes lanyards, sports merchandise, small-equipment pieces and other items. Hebert said business in January was better than expected.
 / PBN PHOTO/MICHAEL SALERNO

Business costs are rising but owners still confident in growth plans,...

Most Rhode Island businesses are doing well and have positive outlooks for themselves and the economy for 2019, though their confidence is not quite...
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