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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
Northrop Grumman to pay quarterly dividend in mid-March
The board of directors of Northrop Grumman Corp. (NYSE: NOC) recently declared a quarterly dividend of $1.45 per share on the company’s common stock. The Falls Church, Virginia–based defense contractor, which has a facility in Rome, will pay the dividend on March 17. Shareholders of record as of the close of business on March 1
Microdrones secures agreement with Vietnam distributor
Microdrones, a Germany–based firm with an office at Griffiss International Airport in Rome, says it has a distributor agreement for its drone-surveying equipment with a
New York manufacturing index jumps in February
Hits highest level since last July An increase in new orders and prices paid for goods helped boost a monthly gauge of New York state’s manufacturing sector. The Empire State Manufacturing Survey general business-conditions index rose 9 points in February to 12.1, its highest level since July of last year. The result also easily beat economists’ expectations
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