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

SRC to deliver counter-UAS technologies to Qatar in $1B agreement with federal government
CICERO, N.Y. — SRC, Inc. says it will deliver a suite of its advanced counter-unmanned aircraft systems (C-UAS) technologies to international buyers as a part of a $1 billion foreign-military sales agreement between the U.S. government and the country of Qatar. It marks the first international sale of the U.S. Army’s fixed site–low, slow, small, […]

Ithaca seeks project proposals in advance of DRI application
ITHACA, N.Y. — The City of Ithaca is applying for the New York State Downtown Revitalization Initiative’s (DRI) ninth round of funding. If selected, Ithaca

Micron draft environmental-impact statement released, triggering public-comment period
CLAY, N.Y. — The massive, 20,000-page draft environmental-impact statement (DEIS) on the upcoming Micron Technology Inc. (NASDAQ: MU) manufacturing campus in the town of Clay

Operation Oswego County annual meeting includes project review, local awards
OSWEGO, N.Y. — Operation Oswego County and the County of Oswego IDA (COIDA) in 2024 helped with projects that resulted in the creation or retention

Wolfspeed announces Chapter 11 bankruptcy plans
DURHAM, N.C. and MARCY, N.Y. — Wolfspeed, Inc. (NYSE: WOLF), which operates a facility in Marcy, announced plans to file for pre-packaged Chapter 11 bankruptcy

Hochul directs NYPA to develop a new upstate nuclear-power plant, location to be determined
LEWISTON, N.Y. — Gov. Kathy Hochul says she wants the New York Power Authority (NYPA) to develop and construct a zero-emission, advanced nuclear-power plant somewhere

International Wire Group to acquire Pennsylvania copper company
CAMDEN, N.Y. — International Wire Group (IWG), a member of the Olympus Partners and Atlas Holdings portfolio, entered into a purchase agreement to acquire Hussey Copper of Leetsdale, Penn. “This acquisition represents our steadfast commitment to broadening our presence in the electrical infrastructure ecosystem,” IWG CEO Gregory Smith said in a press release announcing the

Micron, U.S. agree on expanded investments in manufacturing, including Clay campus
Micron Technology, Inc. (NASDAQ: MU) says it expects to begin ground preparation in Clay later this year following completion of state and federal environmental-review processes. The expectation was part of a June 12 announcement with the Trump Administration indicating Micron’s plans to expand its U.S. investments to about $150 billion in domestic memory manufacturing and

New York manufacturing activity dips for a fourth straight month
New York manufacturers are indicating that they’re still struggling with new orders and shipments, leading to continued contraction in the sector. The Empire State Manufacturing Survey general business conditions index fell 7 points to -16.0 in June, with business activity for manufacturers declining for a fourth consecutive month. The June survey found that after rising

Saab wins $15M U.S. Navy contract modification for multi-mode radar production
DeWITT, N.Y. — Saab Inc. in DeWitt recently won a $15 million modification to a previously awarded U.S. Navy contract to exercise an option for multi-mode radar production and engineering support. Work on the firm-fixed-price and cost-plus-fixed-fee modification will be performed in DeWitt (49 percent) and Gothenburg, Sweden (51 percent), and is expected to be
Stay up-to-date on the companies, people and issues that impact businesses in Syracuse, Central New York and beyond.