Stay up-to-date on the companies, people and issues that impact businesses in Syracuse, Central New York and beyond.
Corning Inc. awarded $32M in CHIPS funding for Canton plant, creating up to 130 manufacturing jobs
CANTON, N.Y. — Corning Incorporated (NYSE: GLW) has reached an up to $32 million preliminary memorandum of terms (PMT) funding agreement with the U.S. Department
New York City firm wins $1 million grand prize in Grow-NY competition in Ithaca
ITHACA, N.Y. — Unibaio of New York City is the $1 million grand-prize winner of the sixth annual Grow-NY business competition. The funding was awarded
Saab awarded nearly $42 million U.S. Navy contract modification
DeWITT, N.Y. — Saab Inc. in DeWitt recently won a $41.7 million modification to a previously awarded firm-fixed-price, cost-plus-fixed-fee contract from the U.S. Navy. This contract adjustment procures three AN/SPN-50(V)1 shipboard traffic radars and three onboard repair-parts kits in support of new air-traffic control surveillance radars, according to an Oct. 23 contract announcement from the
Lockheed Martin Salina wins $245M Navy contract modification for torpedo work
SALINA, N.Y. — The Lockheed Martin Corp. (NYSE: LMT) plant in suburban Syracuse was recently awarded a more than $245 million modification to a previously awarded contract. It will exercise options for production, spares, production support material, engineering support, and hardware repair of components for MK 48 Heavyweight Torpedo All Up Round in support of
Launch NY to use $250K National Grid grant to help startups
BUFFALO, N.Y. — Buffalo–based Launch NY will use a $250,000 economic-development grant from National Grid (NYSE: NGG) to support entrepreneurial ventures. The goal of the grant is to support companies that go on to raise private capital and create jobs in upstate New York, Launch NY said. The funding comes through the utility’s CleanTech Incubation
International Wire uses National Grid $821K incentive for new equipment at Canastota plant
CANASTOTA, N.Y. — National Grid (NYSE: NGG) says International Wire used energy-efficiency incentives that the energy company provided to help pay for new equipment at its Canastota plant while saving money in the long run on its energy costs. International Wire replaced a 25-year-old multiwire drawing machine at the plant with a new generation of
Saab wins more than $13 million U.S. Navy contract modification
DeWITT, N.Y. — Saab Inc. in DeWitt was recently awarded a $13.5 million modification to a previously awarded U.S. Navy contract. It will exercise options for engineering, technical, logistical, and material support services for lifecycle sustainment of the AN/SPS-77 (variants) Radar Systems, Marine Corps AN/TPS-80 Ground/Air Task Oriented Radar Systems, Celsius Tech Radar and Optronic
ConMed CEO to retire, successor named
NEW HARFTORD, N.Y. — ConMed Corp. (NYSE: CNMD) President/CEO Curt R. Hartman will retire effective Jan. 1, 2025, and Patrick Beyer, current COO of the medical-device company, will succeed him in the role, ConMed announced. Beyer will also be appointed to the board of directors at that time. “It has been a privilege to lead
Norwegian firm wins $1 million top prize in Tech Garden’s Genius NY competition
SYRACUSE, N.Y. — Aviant of Oslo, Norway captured the $1 million grand prize in the eighth round of the Genius NY accelerator, which is housed
Binghamton University names CEO of Upstate New York Energy Storage Engine
VESTAL, N.Y. — Binghamton University has chosen the CEO of the Upstate New York Energy Storage Engine that the school leads. Meera Sampath previously served as the associate dean of research in Binghamton’s Thomas J. Watson College of Engineering and Applied Science. The school describes her as an engineer with “decades of experience in industry
Stay up-to-date on the companies, people and issues that impact businesses in Syracuse, Central New York and beyond.