Marine Industry
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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
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
A marine trades and manufacturing job-training program funded with federal, state and Rhode Island Foundation money has trained 100 people to date, 90 percent of whom have found jobs. more
The School for Marine Science & Technology at the University of Massachusetts Darmouth has received $4.4 million for sea scallop research under the National Oceanic and Atmospheric Administration’s Northeast Cooperative Research Program. more
KVH Industries Inc. on Thursday announced its $48.9 million acquisition of Videotel, a London-based company that provides e-learning services, training videos and distance-learning courses for the commercial maritime industry. more
The R.I. Commerce Corporation released an action report earlier this week outlining specific economic development initiatives designed to improve Rhode Island’s business climate, create jobs and lower unemployment. The report, “Actions for Economic Development in Rhode Island,” advocated building on Rhode Island’s native economic advantages. 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
Before Charlie Enright and Mark Towill could sail through the Southern Ocean’s gales in the round-the-world Volvo Ocean Race, they needed help from a Disney movie, a Turkish medical devices company and a business plan. more
As the American team for the Volvo Ocean Race prepares to share its plans Thursday night at a presentation at the Jane Pickens Theater, economic activity connected with the race is already beginning to pick up, according to Sail Newport. more
Electric Boat President Jeffrey S. Geiger painted a glowingly positive picture of the future expansion and employment at the shipbuilder’s North Kingstown facility, with 650 new jobs in 2014 planned to be added to the current workforce of about 2,800. more
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