Updated July 3 at 9:03pm
Defense Industry
42 results total, viewing 11 - 20
Rhode Island’s defense industry contributed $3.75 billion to the state’s economy in 2013 and supported as many as 33,806 jobs statewide, according to a report released Tuesday by the R.I. Defense Economy Planning Commission. The defense economy generated $1.93 billion in income for Rhode Island households last year as well as $106 million in tax revenue for the state. more
A special business-development session for defense industry manufacturers will be held next week through STEAM Engine USA. more
Banneker Industries will sponsor Rhode Island’s Defense Innovation Days 2015 event, which will be held at the Marriott Newport in December. more
KVH Industries Inc. saw revenue increase 11.7 percent in the first quarter, but its net loss widened by 26.6 percent. more
Inventors, innovators and problem solvers from the Naval Undersea Warfare Center division participated in a “Hacking for Undersea Technical Excellence” event recently to inaugurate a new rapid innovation center. more
Textron Inc. reported increases in profit and revenue in the first quarter, again fueled by the acquisition of planemaker Beechcraft last year. more
Textron Inc. – parent company of Bell Helicopter, Cessna Aircraft Co. and Textron Systems – reported that its net income climbed 27.4 percent in the second quarter to $144 million, or 51 cents per diluted share, compared with $113 million, or 40 cents per diluted share, for the same period last year. more
Textron Inc.’s V-22 Osprey, the tilt-rotor craft that entered development almost 25 years ago, is poised to win its first export deals as Israel and Japan close in on purchases. more
Development teams are hard at work on a new, under-the-wraps Cessna jet as parent Textron Inc. bets the U.S. luxury aviation market is finally emerging from a recession-era collapse. more
Systems Engineering Associates Corp. on Wednesday announced it has received a three-year, $30 million contract to support the Electromagnetic Department of the Naval Undersea Warfare Center in Newport. more
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