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

State announces $4 million to help farms address impacts of climate change
ALBANY, N.Y. — Farms across New York state will receive state funding to reduce greenhouse-gas emissions, enhance soil health, and promote energy savings. Projects also increase irrigation capacity and emphasize water management to mitigate the effects of periods of drought on crops and livestock, as well as heavy rainfall and flooding. Gov. Andrew Cuomo on […]

SU, Honeywell establish partnership to develop air-quality technology
SYRACUSE, N.Y. — Honeywell International (NYSE: HON) on March 1 announced it has established a research partnership with Syracuse University to fund research on “emerging” indoor air quality (IAQ) technologies. The partnership will include the naming of a Honeywell Indoor Air Quality Laboratory at Syracuse University’s College of Engineering and Computer Science which researchers will

Sysco to pay quarterly dividend of 45 cents in late April
Sysco Corporation (NYSE: SYY) recently announced that its board of directors has declared a regular quarterly cash dividend of 45 cents a share. The dividend is payable on April 23, to common shareholders of record at the close of business on April 1. Sysco sells, markets, and distributes food products to restaurants, health care and
ConMed to pay first-quarter dividend of 20 cents a share in early April
UTICA, N.Y.— ConMed Corp. (NYSE: CNMD), a Utica–based surgical-device maker, recently announced that its board of directors has declared a quarterly cash dividend of 20 cents a share for the first quarter. The dividend is payable on April 5 to all shareholders of record as of March 15. ConMed manufactures surgical devices and equipment for
Lockheed Martin’s Salina plant wins nearly $47 million Navy order for submarine kits
SALI NA, N.Y. — Lockheed Martin Corp.’s (NYSE: LMT) suburban Syracuse plant has been awarded an almost $47 million order toward a previously awarded contract for the procurement of submarine-modernization kits, equipment, and installation. This delivery order includes options that, if exercised, would bring the total value to more than $174 million, according to a

New York Air Brake develops improved rail-brake system
WATERTOWN — New York Air Brake LLC (NYAB) of Watertown announced it is working with a sister company on an “improved and innovative” brake system for passenger trains. NYAB is partnering on the product with Knorr Brake Company (KBC), which is headquartered in Westminster, Maryland. Both firms are sister companies within Munich, Germany–based Knorr-Bremse. Knorr-Bremse

Construction begins on $854M transmission project between Mohawk Valley and Capital Region
MARCY, N.Y. — Construction is underway on a $854 million project to upgrade energy transmission along 93-mile, 345-kilovolt (kV) line in the Mohawk Valley and

FAA selects Syracuse airport, four others to test, evaluate drone-mitigation technology
SYRACUSE, N.Y. — The Federal Aviation Administration (FAA) has chosen Syracuse Hancock International Airport (SYR) and four others for the FAA’s UAS detection and mitigation

Lockheed Martin plans to move jobs to suburban Syracuse plant in business-unit consolidation
SALINA, N.Y. — Lockheed Martin Corp. (NYSE: LMT) announced it plans to shift jobs to its plant in Salina as part of a consolidation in

Lockheed Martin’s suburban Syracuse plant awarded $10M Navy contract modification
SALI NA — Lockheed Martin Corp.’s (NYSE: LMT) plant in the town of Salina has been awarded a $10 million contract modification for the design, prototyping, and qualification testing for the AN/BLQ-10 Electronic Warfare System Technology Insertion (TI)-20 and TI-22 for the U.S. Navy. Work will be performed in the Salina facility and is expected
Stay up-to-date on the companies, people and issues that impact businesses in Syracuse, Central New York and beyond.