Defense Industry

Three employees from the Naval Undersea Warfare Center Newport Division were selected as winners of the Rhode Island Federal Employees of the Year Award. May 16

General Dynamics C4 Systems – a unit of General Dynamics – landed a four-year, $176 million contract from the U.S. Coast Guard to provide ongoing services for the national Rescue 21 search and rescue team. May 4

A House defense panel moved to restore funding for a second Virginia-class submarine the Navy struck from fiscal 2014 plans as part of Pentagon budget-cutting, which could mean good news for Electric Boat. Apr 26

The U.S. Navy awarded Raytheon Co. a $106.4 million increase to a previously awarded production contract for Aegis Combat System-related equipment, the Waltham, Mass.-based technological defense company announced Tuesday. Apr 17

President Barack Obama recently unveiled an ambitious budget proposal for fiscal 2013. The president’s plan includes $3.8 trillion in proposed spending and $4 trillion in deficit reduction, with the promise that by 2018, the federal deficit will be less than 3 percent of GDP. Mar 17

Kopin Corp. said Wednesday that its full-year net income dropped to $3.6 million in 2011 from $8.9 million in 2010. Mar 8

A study on the skills gap in Rhode Island identified shortfalls in the labor force and found that 600 new jobs would be created during the next year in the defense industry. Mar 2

The Defense Department will realize “substantial savings” from further five-year purchases of weaponry, including the V-22 Osprey from Textron Inc. and Boeing Co., the Pentagon’s top weapons buyer told Congress. Mar 2

SyQwest Inc., supplier of high-resolution sonar and acoustic systems for sea floor exploration, landed Jan. 26 its fourth defense contract in two years. Feb 1

The Pentagon will propose canceling a potential $6.8 billion Army missile program that pits Lockheed Martin Corp. against Raytheon Co., a Northrop Grumman Corp. weather satellite, and an Air Force light-attack aircraft, according to a government official. Jan 20