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New York manufacturing index hits lowest point since May
The Empire State Manufacturing Survey general business-conditions index slid further into negative territory in October, hitting its lowest level since May. The index fell 5 points to -6.8 in October as manufacturing conditions weakened for a third straight month. It’s the index’s weakest reading since the -9.0 level it reached five months ago. The results […]
New York manufacturing index slips further into negative territory in October
The Empire State Manufacturing Survey general business-conditions index fell 5 points to -6.8 in October as manufacturing conditions weakened for a third straight month. It’s
Lockheed to service $149M Navy contract to upgrade shipboard electronic-warfare system
SALINA — Employees at Lockheed Martin Corp.’s (NYSE: LMT) Salina plant will handle production of surface electronic-warfare improvement program (SEWIP) block 2 systems for the U.S. Navy. It awarded the Bethesda, Maryland–based defense contractor an initial contract of $148.9 million for its shipboard electronic-warfare system. The deal with the firm also includes four additional option
Fibonacci STEAM conference galvanizes student scholars
A dream you dream alone is only a dream. A dream you dream together is reality. —Yoko Ono ROME — “[The] STEAM conference was the icing on the cake.” “Talking about quantum physics at 3 in the morning with a group of complete strangers was the most fun I ever had.” “Now I’m back home wishing
SRC Ventures appoints Hartnett as president of SRCTec
CICERO, N.Y. — SRC Ventures, Inc. has named Mary Pat Hartnett president of SRCTec, LLC. Hartnett succeeds Drew James, who is now senior VP of
Syracuse to host 2017 World Canals Conference
SYRACUSE, N.Y. — Syracuse will host the 2017 World Canals Conference (WCC), an event that organizers say could have a more than $2 million “indirect”
CVT bets big on continued growth
SHERBURNE — The 1967 movie “The Graduate” alerted the public to the coming plastics revolution when Dustin Hoffman, playing Benjamin Braddock, had a conversation with his father’s business partner, Mr. McGuire. “I want to say one word to you,” says McGuire … “Just one word — plastics. There’s a great future in plastics.” The ubiquity
U.S. Navy awards Lockheed Martin $149M contract to upgrade shipboard electronic-warfare system
SALINA, N.Y. — The U.S. Navy has awarded Lockheed Martin Corp. (NYSE: LMT) an initial contract of $149 million for its shipboard electronic-warfare system. Under
Young & Franklin’s $260M sale to Ohio firm to close in Q4
SALINA — An Ohio company will be the new owner of Young & Franklin Inc. (YF) and its subsidiaries, including Tactair Fluid Controls Inc., before the end of the year. Cleveland, Ohio–based TransDigm Group Inc. (NYSE: TDG) on Sept. 6 announced that it’s acquiring the companies for $260 million. The acquisition price includes about $73
State Department of Labor offers more training funding for Climax Manufacturing workers
LOWVILLE — The New York State Department of Labor has announced that up to $125,000 of discretionary employment and training funding has been awarded to the Jefferson-Lewis Local Workforce Development Board. This award will further assist workers affected by this spring’s plant shutdown at Climax Manufacturing Co. in Lowville, according to a Department of Labor
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