Defense Industry
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Textron posts $10.7% rise in 2Q revenue
Textron Inc. – parent of Bell Helicopter, Cessna Aircraft Company and Textron Systems - reported a 10.7 percent increase in its second quarter 2012 revenue when compared with the same 2011 period. more
Sea Corp lands $29M NUWC contract
Systems and engineering services supplier Sea Corp was awarded a $29 million contract to provide laboratory support services, fabrication, repair, installation and maintenance services to the Naval Undersea Warfare Center in Newport. more
Orders for U.S. capital goods signal business spending slowdown
A gain in demand for capital goods such as equipment and machinery in August failed to make up for declines in the previous two months, showing slowdowns in business investment and exports threaten to further restrain the U.S. economy more
EB lands $17.5M Navy contract modification
General Dynamics Electric Boat was awarded a $17.5 million contract modification with the U.S. Navy for submarine planning services. more
| 10/26/12
Textron taps Lord as president, CEO of Textron Systems
Textron Inc. has named Ellen Lord as president and CEO of its Wilmington, Mass.-based Textron Systems segment, the company announced Monday. more
| 10/29/12
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
Raytheon lands $45.3M Navy contract extension
Raytheon Co. has been awarded a $45.3 million U.S. Navy contract extension to provide hardware, test equipment and services for the MK 54 lightweight torpedo, the company announced Thursday. more
| 10/18/12
Picerne signs $72M partnership deal with U.S. Army
Picerne Military Housing, a division of the Corvias Group, has closed a $72 million public-private partnership deal with the U.S. Army to build on-post barracks. more
| 12/18/12
NUWC’s McCormack honored by UMass Dartmouth
Donald McCormack, technical director at the Naval Undersea Warfare Center, has been awarded the University of Massachusetts Dartmouth’s 2012 Alumni Association Achievement Award. more
| 11/27/12
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
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