Stay up-to-date on the companies, people and issues that impact businesses in Syracuse, Central New York and beyond.
Lockheed Martin to spend $5 million on vocational trade programs
Lockheed Martin Corp. (NYSE: LMT) has announced plans to spend $5 million on vocational and trade programs and create 8,000 new apprenticeship opportunities over the
DeWitt manufacturer laying off 51
DeWITT, N.Y. — Advanced Motors and Drives is laying off 51 of 74 workers between August and March. The DeWitt maker of electric pump motors
Lockheed Martin wins $25M add-on to undersea warfare combat system contract
Lockheed Martin’s (NYSE: LMT) Rotary and Mission Systems unit has recently awarded a nearly $25.4 million modification to a previously awarded contract from the U.S. Navy. It will exercise an option and provide incremental funding in support of the continued development, integration, and production of the Navy’s AN/SQQ-89A(V)15 Surface Ship Undersea Warfare (USW) System, the U.S.
New York manufacturing index declines in July
Reading still shows “robust growth in the industry” The Empire State Manufacturing survey general business-conditions index dipped more than 2 points to 22.6 in July from 25 in June, which was an eight-month high. The latest reading still indicates that manufacturing business activity “continued to grow at a fairly brisk pace in New York” in

SRC names Hayward senior VP of radars and sensors
CICERO, N.Y. — SRC, Inc., announced that it has named Ron Hayward senior VP of the Radars and Sensors division, following a national search conducted

Walsh calls NYS&W railroad-bridge inspection report “woefully inadequate”
SYRACUSE, N.Y. — Syracuse Mayor Ben Walsh on Thursday sharply criticized a bridge-inspection report by the New York, Susquehanna and Western Railroad (NYS&W) for the
City of Binghamton to use $20M state grant for sewage treatment plant project
BINGHAMTON, N.Y. — The City of Binghamton will use a $20 million grant award for the “reconstruction and rehabilitation” of the Binghamton-Johnson City sewage-treatment plant.

People news: SRC names Rose director of procurement
CICERO, N.Y. — SRC, Inc. announced it has named Marc Rose director of procurement. He will be responsible for purchasing and subcontract activities and leading
Brotzki, Masingill, and Smith acquire Schneider Packaging
BREWERTON — Three top executives at Schneider Packaging Equipment Co. have bought the business from the Schneider family. President Bob Brotzki, Executive VP Greg Masingill, and VP of Engineering and Services Mike Smith closed on the acquisition June 22. Financial terms were not disclosed. The 130-employee company on Guy Young Road in Brewerton designs and

Binghamton University to use $3M federal award for battery and energy-storage research
VESTAL, N.Y. — A Binghamton University professor will use $3 million in federal funding to continue research on battery systems and energy storage. Professor Stanley
Stay up-to-date on the companies, people and issues that impact businesses in Syracuse, Central New York and beyond.