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Manufacturing & Engineering

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.

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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

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