Defense Industry
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Defense contractors gain reprieve on cuts without long-term fix
Defense contractors led by Lockheed Martin Corp., General Dynamics Corp. and Raytheon Co. gained a reprieve from U.S. spending cuts that may prove short-lived. more
Electric Boat awarded $4.6B for submarine programs
General Dynamics Electric Boat was awarded three contracts totaling $4.6 billion from the U.S. Navy to design and develop the next-generation strategic-deterrent submarine, and to continue the construction of Virginia-class attack submarines. more
| 1/7/13
NUWC’s economic impact nears $1B in 2012
The economic impact of the Naval Undersea Warfare Center Division Newport exceeded $935 million during 2012, according to NUWC officials. more
| 1/17/13
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
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
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
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
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
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
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