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Manufacturing & Engineering
Lockheed Martin boosts quarterly dividend by nearly 5 percent
Lockheed Martin Corp. (NYSE: LMT) announced that its board of directors has authorized a fourth-quarter, 2024 dividend of $3.30 a share. This is an increase of 15 cents per share, or 4.8 percent, over the last quarter and represents the defense contractor’s 22nd straight year of dividend increases, according to an Oct. 2 company news […]
New York manufacturing index contracts in October
New York manufacturers reported declines in new orders and shipments, and the general business conditions index of the monthly Empire State Manufacturing Survey again indicated sector contraction in October. The index plunged 23 points to -11.9 in the 10th month of the year. This followed a 16-point climb to 11.5 in September with manufacturing activity
PAR Technology partners with AI company to improve inventory management
NEW HARTFORD, N.Y. — PAR Technology (NYSE: PAR) has forged a new partnership with NomadGo, a spatial artificial intelligence (AI) solutions provider, to integrate the company’s AI technology into PAR’s Data Central product. The integration pairs AI technology into Data Central to provide an automated solution for inventory management, which is then instantly synched with
Golisano Institute for Business & Entrepreneurship launches AI Innovation Hub for students
ROCHESTER, N.Y. — Golisano Institute for Business & Entrepreneurship on Tuesday launched its AI Innovation Hub for students and staff. The hub allows students to
SU wins federal funding to train engineering students, build clean energy workforce
SYRACUSE, N.Y. — Syracuse University (SU) says it will use $900,000 in federal funding to create new Building Training and Assessment Centers (BTAC) to train
Local students see manufacturing jobs up close in MFG Day tours
DeWITT — On Oct. 3, Worthington Steel in Rome hosted secondary-school students who saw the entire process of making steel coils from raw material to packing. At the same time, Byrne Dairy welcomed students who learned about automation on the plant floor and about various processes from batching and pasteurization to titration and dye testing.
Signing the beam at TTM’s expansion site in DeWitt
DeWITT — With the project underway, TTM Technologies Inc. (TTM) on Oct. 4 held a beam-signing ceremony at the construction site of its upcoming $130 million manufacturing facility. It’s located adjacent to its existing facility at 6635 Kirkville Road in the town of DeWitt. HB Construction also raised and placed the beam during the event,
Lockheed Martin awarded contract for helicopter fleet program
OWEGO, N.Y. — Lockheed Martin Corp. (NYSE: LMT) in Owego announced it has received a contract from the Apache Attack Helicopter Project Management Office of
Wolfspeed signs $750M preliminary funding agreement under CHIPS & Science Law
MARCY, N.Y. — Wolfspeed (NYSE: WOLF), which operates a chip fab in Marcy, has signed a non-binding preliminary memorandum of terms (PMT) for up to
Empire State manufacturing survey plunges into negative territory in October
The Empire State Manufacturing Survey general business-conditions index plummeted 23 points to -11.9 in October, pointing to current contraction in the state’s manufacturing industry. The
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