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Cathedral Corp. names new chief operating officer
ROME — Cathedral Corporation recently announced it has appointed Fred Van Alstyne as the company’s new chief operating officer (COO). Van Alstyne is responsible for leadership and oversight of all aspects of production and technology for the company, which operates printing plants in four states. “Fred brings a wealth of experience in the document outsourcing […]
Black River Systems wins $12M U.S. Air Force contract modification
UTICA — Black River Systems Company Inc. was recently awarded a nearly $12 million cost-plus-fixed-fee completion engineering change proposal modification to a previously awarded U.S. Air Force contract for Cognitive Algorithms for Signals Intelligence (SIGINT) Contested and Degraded Environments software and hardware. The contract adjustment is to expand signal-processing libraries to include updated signal of
People news: Cathedral Corporation names new chief technology officer
ROME, N.Y. — Cathedral Corporation announced it has appointed John Slaney as its chief technology officer (CTO). Slaney, former CTO of Content Critical Solutions, has a track record of success in leading technology systems and content-management solution organizations, Cathedral said in a news release. He focused on developing and implementing automated platforms and providing clients
Lockheed Martin Owego wins more than $150M Navy contract modification
OWEGO — Lockheed Martin Corp. (NYSE: LMT) in Owego recently won an up to $150.56 million modification to an order against a previously issued basic ordering agreement from the U.S. Navy. This contract modification adds scope to provide non-recurring engineering and add/eliminate efforts in support of bringing six MH-60R Seahawk helicopters from a standard foreign
Florida company acquires Hofmann Sausage Company
SYRACUSE, N.Y. — The Hofmann Sausage Company of Syracuse is now operating under new ownership. The Miami Beef Company, Inc. of Miami, Florida announced the acquisition in a Tuesday Business Wire news release. The firm didn’t disclose any financial details of its purchase agreement. Founded in 1879 in Syracuse, Hofmann is described in the announcement
People news: MACNY promotes Frame to No. 2 position
DeWITT, N.Y. — MACNY, The Manufacturers Association of Central New York recently announced that it has promoted Michael Frame to executive vice president (EVP). Reporting directly to the president and CEO of the association, the EVP serves as second-in-command and a key member of MACNY’s executive leadership team, according to an organizational news release. He
U.S. Air Force awards Lockheed’s Syracuse plant $65M contract modification for radar work
SALINA — The Lockheed Martin Rotary and Mission Systems plant in the town of Salina recently won a $65,1 million contract modification to a previously awarded contract. The contract adjustment is for the exercise of options for three 3-dimensional expeditionary long-range radar systems, and associated production management, travel and other direct costs, and data under
Marquardt partners with Dronehub to advance drone technology in CNY
cutting-edge technologies,” Christopher Berry, Marquardt’s business-development manager, said. “This strategic partnership reinforces our commitment to staying at the forefront of advancements in the industry, ensuring that we continue to deliver state-of-the-art solutions for our customers and contribute to the evolution of Central New York as a hub for technological innovation.” Marquardt, which manufactures electromechanical and
PPC Broadband, Cornell Ag and Food Tech Park, JCTOD Outreach awarded state funding
PPC Broadband, Inc. in DeWitt; Cornell Agriculture and Food Technology Park Corporation in Geneva; and JCTOD Outreach Inc. of Utica are among the organizations awarded state funding under New York’s Regional Economic Development Council initiative. The office of Gov. Kathy Hochul announced the funding awards on Monday. Regional award details PPC Broadband, Inc. of DeWitt
Lockheed Martin to pay Q1 dividend of $3.15 per share
The Lockheed Martin Corp. (NYSE: LMT) board of directors has declared a first-quarter, 2024 dividend of $3.15 a share. The dividend is payable on March 29, to holders of record as of the close of business on March. 1, according to Jan. 23 company news release. At Lockheed’s current stock price, the dividend yields about
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