KVH Industries Inc.’s profit surged 190 percent during the third quarter of 2012, rising to $1.7 million, or 12 cents per diluted share, from the $600,000, or 4 cents per diluted share, reported during the same period in 2011. more

Textron Inc. has named Ellen Lord as president and CEO of its Wilmington, Mass.-based Textron Systems segment, the company announced Monday. more

General Dynamics Electric Boat was awarded a $17.5 million contract modification with the U.S. Navy for submarine planning services. more

(Updated, 10:15 a.m.) Raytheon Co., one of the world’s largest missile makers, boosted its full-year profit forecast and said third-quarter profit rose less than 1 percent. more

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

General Dynamics Electric Boat landed a $100.4 million contract modification from the U.S. Navy to provide lead-yard services for Virginia-class nuclear-powered attack submarines. more

Yadira Gilchrest, a senior computer scientist at Naval Undersea Warfare Center Division Newport, was recently named a winner of Women of Color magazine’s Technology Rising Star award. The award recognizes minority women who have demonstrated exceptional achievements in their workplace and communities. Gilchrest currently works in NUWC’s sensors and sonars systems department, where she’s particularly interested in studying the effects of undersea testing on marine species. She holds a B.S. and an M.S. in mathematics from University of Central Florida. more

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

Bell Helicopter, the Fort Worth, Texas-based subsidiary of Textron Inc., was named one of America’s safest companies by EHS Today, a magazine for environment, health and safety leaders, Textron announced Friday. more

Rhode Island could lose up to $82 million and more than 3,000 jobs due to sequestration in defense and Medicare spending, respectively, according to reports released by the Center for Security Policy and the Hospital Association of Rhode Island. more