Stay up-to-date on the companies, people and issues that impact businesses in Syracuse, Central New York and beyond.

Lockheed Owego wins nearly $118M contract modification from Navy
OWEGO , N.Y. — Lockheed Martin Corp.’s (NYSE: LMT) Owego unit was recently awarded a nearly $118 million modification to a previous contract from the United States Navy. This order provides non-recurring engineering and field-services representative efforts to bring 12 MH-60R aircraft from standard foreign military sales (FMS) configuration to a Republic of Korea Navy […]

Lockheed Martin CFO retires, firm appoints acting CFO
BETHESDA, Maryland — Lockheed Martin (NYSE: LMT) says CFO Kenneth Possenriede has decided to retire immediately due to personal reasons. “Over the past 14 months,

Orgill’s $70 million distribution center in Rome has opened, creating 225 new jobs
ROME, N.Y. — A $70 million distribution center for Orgill Inc., the world’s largest independent hardlines distributor, has opened in Rome. The facility was built

SRC awarded contract to support Air Force range-threat systems
CICERO, N.Y. — SRC, Inc. has been awarded a contract — with a $950,000,000 ceiling — for support of the Air Force’s advanced-radar-threat systems, joint-threat

BAE Systems to provide power and propulsion system for superyacht company
ENDICOTT, N.Y. — BAE Systems says it will provide the electric-hybrid power and propulsion system for a new superyacht manufactured by a company called Southern
New York oat production is forecast to rise 38 percent this year
New York farms are expected to produce 2.34 million bushels of oats this year, up 38 percent from nearly 1.7 million bushels in 2020, according to a July 1 forecast from the USDA National Agricultural Statistics Service (NASS). Yield per acre for oats in New York state is forecast to rise almost 23 percent to
New York manufacturing activity surged in July
New York manufacturing activity jumped in July, according to the latest edition of the Empire State Manufacturing Survey. The state’s general business-conditions index soared 26 points to 43 in the year’s seventh month, a record high, the Federal Reserve Bank of New York said in its July 15 report. That easily topped economists’ expectations of a reading

HISTORY FROM OHA: Black River Systems Inc. of Utica
A history of its approach to “common sense heating and sanitary plumbing” If you ever lived in a house that was warmed by an “octopus” steam or hot-water heating system, you would be familiar with the subject of this article: The Pierce, Butler & Pierce Manufacturing Company of Syracuse. A number of homes in the Central

Mohawk Valley firms participate in $50M Air Force contract
ROME, N.Y. — Black River Systems Inc. of Utica and North Point Defense Inc. of Rome, along with a Maryland company, were recently awarded a nearly $50 million contract from the U.S. Air Force. The Mohawk Valley companies and Geon Technologies LLC of Columbia, Maryland have been awarded up to a maximum $49.9 million order

SUNY Poly announces largest individual donation in school history
MARCY, N.Y. — SUNY Polytechnic Institute (SUNY Poly) on Monday announced that the late Francis A. Wilcox is donating a total of $1.9 million to
Stay up-to-date on the companies, people and issues that impact businesses in Syracuse, Central New York and beyond.