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Manufacturing & Engineering
Schumer bill would increase spending on advanced technology, R&D, regional tech hubs
SYRACUSE, N.Y. — U.S. Senate Majority Leader Charles Schumer (D–N.Y.) is pushing a $160 billion proposal that he says would dramatically increase U.S. investment in
People news: SRC names Ucchino AVP of corporate strategy
CICERO, N.Y. — SRC Inc. announced it has promoted Maria Ucchino to assistant vice president (AVP) of corporate strategy. In her new role, Ucchino will
State breaks ground on $9.5 million resiliency project in Oswego
OSWEGO, N.Y. — Construction is underway in Oswego at International Pier on a $9.5 million resiliency project funded through the Gov. Andrew Cuomo’s Resiliency and
Binghamton firm secures funding in pursuit of lithium-ion Gigafactory in Endicott
BINGHAMTON, N.Y. — Imperium3 New York Inc. (iM3NY) on Wednesday announced “significant” funding for the development of its lithium-ion Gigafactory in Endicott. Based in Binghamton,
Lockheed Martin’s suburban Syracuse plant wins nearly $12 million Navy contract modification
SALINA, N.Y. — The Lockheed Martin Corp. (NYSE: LMT) plant in the Syracuse area has been awarded an $11.7 million modification to a previously awarded delivery order for the design, prototyping, and qualification testing of submarine electronic-warfare equipment. Work will be performed in Lockheed’s facility in the town of Salina and is expected to be
Lockheed Martin Owego plant to work on Navy contract for aircraft for Korea
OWEGO, N.Y. — Lockheed Martin Corp.’s (NYSE: LMT) Owego facility was recently awarded a $447.2 million order from the U.S. Navy against a previously issued basic-ordering agreement. This order provides for the production and delivery of 12 MH-60R aircraft for the government of the Republic of Korea. Work will be performed in Owego (52 percent);
New York manufacturing index hits highest level since fall 2017
The Empire State Manufacturing Survey general business-conditions index climbed 9 points in April to 26.3, its highest level since October 2017, well before the COVID pandemic started. It was the third straight strong month for the index, which took it from a reading of 3.5 in January all the way up to its current multi-year
PAR gets boost from $500M acquisition of California firm
NEW HARTFORD, N.Y. — PAR Technology Corp. (NYSE: PAR), a provider of restaurant software, recently acquired a San Mateo, California firm that focuses on loyalty and guest-engagement products. New Hartford–based PAR acquired Punchh Inc. for about $500 million in cash and shares of PAR common stock. The acquisition was announced and closed on April 8.
PAR founder, Sammon, to step down from board of directors
He’s departing company after 53 years NEW HARTFORD, N.Y. — Fifty-three years after starting PAR Technology Corp. (NYSE: PAR) and 10 years after stepping down as CEO, John W. Sammon, Jr. will leave the company this June when he steps down from its board of directors. PAR Technology announced on April 12 that Sammon will
Application period opens for third year of Grow-NY business competition
The application window for the 2021 Grow-NY business competition is now open for submissions. Grow-NY is a business competition that focuses on “enhancing the emerging
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