Defense Industry
47 results total, viewing 31 - 40
Bell Helicopter, a subsidiary of Providence-based manufacturer Textron Inc., will lay off 325 workers due to the continued decline in defense contracts, the Fort Worth Star-Telegram reported Monday. 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 V-22 Osprey’s deadliest accident stemmed partly from “undeniably intense” pressure to show progress for the new tilt-rotor aircraft, according to the U.S. Marine Corps commandant. more
The U.S. Navy’s Space and Naval Warfare Systems Command has awarded a $23.5 million contract to General Dynamics Information Technology to develop software designed to model the effects of releasing chemical, biological, radiological and nuclear materials. 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
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
KVH Industries Inc., a provider of guidance and Internet systems for the maritime and defense industries, posted a net loss of $1.1 million, or 7 cents per share, for the first quarter of 2014, reversing net income of $2 million, or 13 cents per share, reported for the same period last year. more
Raytheon Co., the world’s largest missile maker, reported a 6.3 percent decline in first-quarter sales, reflecting a slowdown in the federal marketplace. The shares fell the most since November 2012. more
The brainchild of cousins Dave Evans and Charlie Dewey, the Evans Capacitor Co. in East Providence has been inventing, developing and producing unique, high-energy, density capacitors since it opened its doors in 1996. Today, Evans Capacitor’s hybrid capacitors have established a niche for very high-power, high-reliability pieces with aerospace and defense applications. 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
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