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Manufacturing & Engineering
N.Y. manufacturers expect conditions to worsen in the months ahead
Manufacturers in New York state expect conditions in the sector to worsen in the months ahead. It’s a level of pessimism that has “only occurred a handful of times in the history of the survey,” the Federal Reserve Bank of New York said in its April 15 report on the monthly Empire State Manufacturing Survey. […]
Work begins on Oneonta intersection improvements
ONEONTA. N.Y. — Construction work has started on a $4 million project to enhance safety and improve traffic flow at the intersection of James F. Lettis Highway (State Route 23) and Main Street (State Route 7) in Oneonta, Gov. Kathy Hochul recently announced. Work will include constructing a modern roundabout to reduce vehicle congestion and
Lockheed Martin’s Salina plant wins $213 million contract modification
SALINA, N.Y. — Lockheed Martin Corp.’s (NYSE: LMT) facility in suburban Syracuse was recently awarded a $213 million modification to a U.S. Army contract for Sentinel radar systems and spares growth kits. Work will be performed in Lockheed’s plant in the town of Salina, with an estimated completion date of Sept. 13, 2027, according to
New York state honey production jumped nearly 16 percent in 2024
New York state honey production increased 15.9 percent to almost 2.76 million pounds last year from nearly 2.38 million pounds in 2023, according to a recent report from the USDA National Agricultural Statistics Service (NASS). New York beekeepers earned nearly $16.21 million from their honey in 2024, up 47 percent from $11.01 million the prior
Northrop Grumman wins nearly $34M order from U.S. Navy, with most work in Syracuse area
SYRACUSE — Northrop Grumman Systems Corp. has been awarded a $33.6 million cost-plus-fixed-fee order against a previously issued basic ordering agreement from the U.S. Navy. The vast majority of the work will be done in Central New York. The purpose of this contract modification is to provide continued support to E-2D Advanced Hawkeye transition efforts
Broome County attracted more than $174 million in new private investment in 2024
BINGHAMTON, N.Y. — Broome County saw more than $174 million in new private investment supported by the Broome County Industrial Development Agency (IDA) in 2024,
State awards fifth contract of the first phase of the I-81 viaduct-replacement project
SYRACUSE, N.Y. — The state says it has awarded the fifth and final contract of the initial phase of the Interstate 81 (I-81) viaduct-replacement project,
Chobani to build $1.2 billion natural-food manufacturing facility in Rome
ROME, N.Y. — Greek yogurt maker Chobani will build a 1.4 million-square-foot, $1.2 billion manufacturing facility focused on natural-food production at the Triangle parcel at
Lockheed Martin announces CFO departure, names successor
Lockheed Martin Corp. (NYSE: LMT) says it has named Evan Scott as the company’s senior VP and CFO, succeeding Jesus (Jay) Malave, who advised the company that he is “pursuing other opportunities.” Scott, a 26-year Lockheed Martin finance executive, has served as the defense contractor’s treasurer and the CFO of two business units. The appointment
Micron reorganizing business units to capitalize on AI growth across market segments
Micron Technology, Inc. (NASDAQ: MU) on Thursday announced a market segment-based reorganization of its business units to capitalize on the growth driven by AI (artificial
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