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Lockheed Martin to pay Q3 dividend of $3 a share in late September
The Lockheed Martin Corp. (NYSE: LMT) board of directors has authorized a third-quarter, 2023 dividend of $3 per share. The dividend is payable on Sept. 22, to holders of record as of the close of business on Sept. 1. At Lockheed’s current stock price, the dividend yields about 2.6 percent on an annual basis. Lockheed […]
Wolfspeed secures financing for expansion efforts
MARCY, N.Y. — Silicon-carbide technology company Wolfspeed, Inc., (NYSE: WOLF) recently announced it has secured $1.25 billion in financing, with an accordion feature for up to an additional $750 million, from an investment group led by Apollo (NYSE: APO). The financing supports Wolfspeed’s efforts to ramp up production and expand as it works toward a
Operation Oswego County annual meeting outlines projects
OSWEGO, N.Y. — A pair of Oswego County economic-development organizations provided help for projects that resulted in the creation or retention of 1,495 jobs, with more than $447 million in capital investment associated with 38 new, expanded, or retained facilities. Austin Wheelock, executive director of Operation Oswego County (OOC), was speaking about OOC and the
5 teams selected for Medical Device Innovation Challenge
SYRACUSE, N.Y. — Upstate Medical University’s CNY Biotech Accelerator (CNYBAC) has selected five teams for its 2023 Medical Device Innovation Challenge (MDIC). The MDIC teams will participate in the Empire State Development (ESD) grant-supported program, which is now in its seventh year. The MDIC review committee, a select group of subject-matter experts, chooses the teams
State launches guide for dairy industry workforce development
The New York State Department of Agriculture and Markets launched a workforce-development resource guide to connect young people and those interested in a career in
Schumer proposal would mean federal investment for Upstate industrial sites
Schumer spoke at Chapman Park at 1463 Route 31 in the Bridgeport area of the town of Sullivan in Madison County. Schumer said that this
2023 Architecture/Engineering Directory
Click to Read the 2023 Architecture/Engineering Directory
Schumer outlines vision for Congress harnessing AI’s benefits, limiting its harms
U.S. Senate Majority Leader Chuck Schumer (D–N.Y.) on Wednesday outlined his vision for how the U.S. Senate can harness the potential of artificial intelligence (AI)
Lockheed Martin plant awarded nearly $68M contract modification
SALINA, N.Y. — Lockheed Martin Corp.’s (NYSE: LMT) plant in suburban Syracuse has recently won a $67.9 million modification to a previously awarded U.S. Navy contract. The pact is for provisioned-item spare parts in support of the full-rate production of Surface Electronic Warfare Improvement Program AN/SLQ-32(V)6 and AN/SLQ-32C(V)6 systems, according to a May 26 contract
ConMed to pay second-quarter dividend of 20 cents on July 5
ConMed Corp. (NYSE: CNMD), a surgical-device maker with roots in the Utica area, has announced that its board of directors declared a quarterly cash dividend of 20 cents a share for the second quarter of 2023. The dividend is payable on July 5 to all shareholders of record as of June 15. At the company’s
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