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Manufacturing & Engineering
Cree still targeting 2022 to begin production at Mohawk Valley Fab site near Utica
MARCY, N.Y. — Durham, North Carolina–based Cree, Inc. expects that production will begin in 2022 at the upcoming Mohawk Valley Fab at the Marcy Nanocenter on the SUNY Polytechnic Institute campus near Utica. Company, state, and local officials on Oct. 29 gathered at the site for a beam signing and “topping off” ceremony acknowledging “the […]
Cree Mohawk Valley Fab site near Utica on track to begin production in 2022
MARCY, N.Y. — Construction remains on schedule for Cree Inc.’s Mohawk Valley Fab at the Marcy Nanocenter on the SUNY Polytechnic Institute campus near Utica.
Nixon Gear’s 100th anniversary sheds light on our amazing gear manufacturing history
In its manufacturing heyday in the early 20th century, Syracuse certainly deserved the moniker, Gear City. At that time, Syracuse ompanies such as New Process Gear, Brown-Lipe Gear, Brown-Lipe-Chapin, Durston Gear, Diefendorf Gear, and Nixon Gear, fabricated 25 million gears annually, made $50 million, and employed thousands of local citizens. The breadth of finished products that
Lockheed Martin Owego awarded $194 million contract modification
OWEGO, N.Y. — Lockheed Martin Corp.’s (NYSE: LMT) Owego plant has been awarded a nearly $194 million contract modification to a previously awarded firm-fixed-price contract. This modification adds a $180 million “not-to-exceed, undefinitized line item for the production and delivery of four MH-60R aircraft,” according to an Oct. 26 Defense Department contract announcement. It also
New York manufacturing index slips in October, but still shows growth
The Empire State Manufacturing Survey general business-conditions index fell 7 points to 10.5 in October, representing its fourth consecutive positive reading, but indicating a slower pace of growth than in September. The index had climbed 13 points to 17 in September. The October index number — based on firms responding to the survey — indicates
TCAD rebrands as Ithaca Area Economic Development
ITHACA, N.Y. — Tompkins County Area Development (TCAD) says it is now operating as Ithaca Area Economic Development, using an updated logo. Ithaca Area Economic
ALBANY, N.Y. — Four Ithaca companies are among the 14 finalists in the upcoming FuzeHub commercialization competition. FuzeHub is an Albany–based nonprofit organization responsible for
SyracuseCoE Innovation Fund awards $40K to companies to commercialize virus-related projects
SYRACUSE, N.Y. — The Syracuse Center of Excellence in Environmental and Energy Systems (SyracuseCoE) has awarded a total of $40,000 to four partner companies through
Ithaca firm secures funding, Montreal business wins grand prize in 76West clean-energy competition
An Ithaca firm is among four companies securing funding in Monday’s award announcement in the 76West clean-energy competition. A company from the Montreal, Quebec area
Lockheed Martin boosts dividend by 20 cents in Q4
Lockheed Martin Corp. (NYSE: LMT) recently announced that its board of directors has authorized a fourth-quarter 2020 dividend of $2.60 per share, up 20 cents from last quarter. The dividend is payable on Dec. 24, to holders of record as of the close of business on Dec. 1. At Lockheed’s current stock price, the dividend yields
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