Updated March 28 at 10:39am
Defense Industry
48 results total, viewing 31 - 40
The Pentagon will cut 17 of the 343 F-35 fighters it planned to buy from Lockheed Martin Corp. in fiscal 2016 through 2019 unless Congress repeals automatic budget cuts, according to a new Defense Department report. more
Today’s submarines are billion-dollar boats that can dive to more than 1,500 feet beneath the sea and stay submerged for months at a time. more
The U.S. Navy has awarded a $17.6 billion contract to General Dynamics Corp. and Newport News Shipbuilding for the next block of 10 Virginia-class submarines to be built beginning in fiscal year 2014 and continuing on to fiscal 2018. more
Mayor Jorge O. Elorza has appointed Army Col. Michael Borg as director of the Providence Emergency Management Agency and Office of Homeland Security. more
KVH Industries Inc., a provider of guidance and Internet systems for the maritime and defense industries, reported second-quarter net income of $55,000, or zero cents per share, an improvement over the first-quarter net loss of $1.1 million but a 96.5 percent decline compared with net income of $1.6 million, or 10 cents per share, for the second quarter of 2013. more
Raytheon Co., the world’s largest missile maker, said second-quarter sales fell 6.8 percent as all four of its divisions reported declines. more
General Dynamics Corp., the Pentagon’s No. 3 contractor, raised its full-year profit forecast while second-quarter sales declined in a slumping defense market. more
The Governor’s Workforce Board has awarded a total of $1.1 million in Industry Partnership grants to eight groups with proposals aimed at addressing the skills gap in Rhode Island. more
The U.S. Small Business Administration announced a partnership with the R.I. Commerce Corporation and its Procurement Techincial Assistance Center to offer Rhode Island small businesses free counseling and training programs on procurement procedures at the local, state and federal level. more
U.S. Defense Secretary Chuck Hagel is stepping down from his post after 21 months in office amid tension with the White House over strategy and the rise of new security challenges to the country. more
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