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

Lockheed Martin lands Navy helicopter technology contract
OWEGO, N.Y. — Lockheed Martin (NYSE: LMT) announced Monday it will work with Intel Corp. (NASDAQ: INTC), and Altera, an Intel company, to support the Stimulating Transition for Advanced Microelectronics Packaging (STAMP) program for the U.S. Office of the Under Secretary of Defense for Research and Engineering (OUSD R&E). Lockheed Martin will develop a low […]

SRC wins more than $12 million Air Force contract modification
CICERO — SRC Inc. was recently awarded a nearly $12.4 million modification to a previously awarded U.S. Air Force contract for Multi-Domain Agile Condor enhancements, software prototype, and hardware for innovative tools development and demonstration. The contract adjustment is for computing design, development, hardware acquisition, and real-time flight demonstration, according to a March 14 contract

Smith Brothers eyes architect and engineer niche with latest merger
Smith Brothers Insurance, a Connecticut–based insurance broker with New York offices in Owego, Vestal, Waverly, and Rensselaer, recently merged another Connecticut company into its operations. It’s a move that makes the company one of the largest advisors and brokers for architects and engineers in the northeast. With the merger, Maloney & Company, LLC, in Guilford,

Lockheed Martin plant wins $27M Navy contract order
SALINA — The Lockheed Martin Corp. (NYSE: LMT) plant in the town of Salina has been awarded a $27.1 million firm-fixed-price delivery order under a U.S. Navy contract. It’s for the procurement of the submarine electronic-warfare system to include modernization kits, equipment, and installation. Work will be performed in the Lockheed facility, just north of
MACNY to add Byrne to Wall of Fame, give award to Robillard
DeWITT — MACNY, The Manufacturers Association, will add Carl Byrne, president and CEO of Byrne Dairy, Inc., to its Manufacturers Wall of Fame. It will also recognize Tyler Robillard, director of engineering at Feldmeier Equipment, Inc., as this year’s Innovator of the Year. DeWitt–based MACNY, its members, and community leaders will honor both Byrne and

Binghamton University awarded $1 million for nanofabrication lab equipment
VESTAL, N.Y. — Binghamton University will use a federal funding award of $1 million to purchase advanced–packaging equipment for its nanofabrication laboratory (NLAB). The funding

New York state honey production declines nearly 17 percent in 2023
New York state honey production fell 16.9 percent to almost 2.38 million pounds last year from 2.86 million pounds in 2022, according to a recent report from the USDA National Agricultural Statistics Service (NASS). New York beekeepers earned nearly $10.92 million from their honey in 2023, almost unchanged from $10.93 million the prior year, as

N.Y. manufacturing index falls further in March
The Empire State Manufacturing Survey general business-conditions index slipped deeper into negative territory in March by declining 19 points to -20.9. The index is the monthly gauge of New York’s manufacturing sector. Based on firms responding to the survey, the March reading indicates business activity “continued to decline” in New York state, the Federal Reserve

New statewide initiative aims to address issues facing manufacturers
The new Advanced Manufacturing Initiative, launched by the New York Manufacturing Extension Partnership (NY MEP), means help is on the way for small to mid-sized manufacturers to help them tackle issues they face. The initiative will give manufacturing companies with 500 or fewer employees access to resources, expertise, and grant funding in four key areas
Lockheed Martin wins $17.5M contract modification for work in Pearl Harbor
Lockheed Martin Corp. Rotary and Mission Systems in Salina was recently awarded a more than $17.5 million modification to a previously awarded contract from the U.S. Navy. The cost-plus-incentive-fee adjustment is for engineering and maintenance services at Naval Undersea Warfare Center Detachment Pacific at Pearl Harbor Submarine Torpedo Intermediate Maintenance Activity, in support of MK
Stay up-to-date on the companies, people and issues that impact businesses in Syracuse, Central New York and beyond.