Stay up-to-date on the companies, people and issues that impact businesses in Syracuse, Central New York and beyond.
New York manufacturing index bounces back in July
Manufacturing activity in the Empire State improved this month, as a key industry benchmark rebounded into positive territory. The Empire State Manufacturing Survey general business-conditions index rose nearly 6 points to 3.9 in July from -2.0 in June, the Federal Reserve Bank of New York reported July 15. That beat economists’ expectations of a […]
U.S. Navy awards Lockheed Martin a contract modification worth nearly $154M
SALINA, N.Y. — The U.S. Navy has awarded Lockheed Martin Corp. (NYSE: LMT) a nearly $154 million modification to a previously awarded contract for block
SYRACUSE — On June 23, Nick Astbury, deputy consul general of the British Consul-General in New York, led a mission to Syracuse to promote the Great Tech Awards. The competitive awards program, which is co-sponsored by the consulates in New York City and Boston and by the UK Trade & Investment Department, is designed
People news: ConMed adds two members to board
UTICA, N.Y. — ConMed Corp. (NASDAQ: CNMD), a Utica–based surgical-device maker, had added two health-care executives to its board of directors. The addition of David
Welch Allyn receives $43 million contract from U.S. Department of Defense
SKANEATELES FALLS, N.Y. — Medical-device manufacturer Welch Allyn Inc. was recently awarded a one-year, $43.6 million contract by the U.S. Department of Defense (DOD) for
Hill-Rom Holdings to acquire Welch Allyn for $2.05 billion
SKANEATELES FALLS, N.Y. — Hill-Rom Holdings, Inc. (NYSE: HRC) has announced plans to acquire Welch Allyn Inc. for about $2.05 billion in cash and stock.
New York manufacturing index fell back into negative territory in June
The Empire State Manufacturing Survey general business-conditions index fell 5 points to -2.0 in June from 3.1 in May, the Federal Reserve Bank of New
Schumer urges Danaher CEO to protect Pall Corp. jobs in Cortlandville
U.S. Senator Charles Schumer (D–N.Y.) has urged the top official at Danaher Corp. to “protect” 650 existing jobs the Pall Corp. plant in Cortlandville. Schumer
Germany awards MEADS contract to Lockheed Martin
Lockheed Martin Corp. (NYSE: LMT) expects its Syracuse–area plant (town of Salina) will be among those working to support the MEADS program that the defense
Baldwinsville manufacturer SSAC to close, 47 to lose jobs
LYSANDER, N.Y. — Solid State Advanced Controls (SSAC) has disclosed to state regulators that it will close its plant at 8242 Loop Road in the
Stay up-to-date on the companies, people and issues that impact businesses in Syracuse, Central New York and beyond.