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

Recap of Greater Oswego-Fulton Chamber of Commerce virtual annual meeting
OSWEGO COUNTY, N.Y. — It was an event that included award presentations, a discussion between the mayors of Oswego and Fulton, remarks from New York
Lockheed Martin’s Salina plant wins nearly $47 million Navy order for submarine kits
SALI NA, N.Y. — Lockheed Martin Corp.’s (NYSE: LMT) suburban Syracuse plant has been awarded an almost $47 million order toward a previously awarded contract for the procurement of submarine-modernization kits, equipment, and installation. This delivery order includes options that, if exercised, would bring the total value to more than $174 million, according to a

New York Air Brake develops improved rail-brake system
WATERTOWN — New York Air Brake LLC (NYAB) of Watertown announced it is working with a sister company on an “improved and innovative” brake system for passenger trains. NYAB is partnering on the product with Knorr Brake Company (KBC), which is headquartered in Westminster, Maryland. Both firms are sister companies within Munich, Germany–based Knorr-Bremse. Knorr-Bremse

FAA selects Syracuse airport, four others to test, evaluate drone-mitigation technology
SYRACUSE, N.Y. — The Federal Aviation Administration (FAA) has chosen Syracuse Hancock International Airport (SYR) and four others for the FAA’s UAS detection and mitigation

Lockheed Martin plans to move jobs to suburban Syracuse plant in business-unit consolidation
SALINA, N.Y. — Lockheed Martin Corp. (NYSE: LMT) announced it plans to shift jobs to its plant in Salina as part of a consolidation in

Northrop Grumman to pay quarterly dividend in mid-March
The board of directors of Northrop Grumman Corp. (NYSE: NOC) recently declared a quarterly dividend of $1.45 per share on the company’s common stock. The Falls Church, Virginia–based defense contractor, which has a facility in Rome, will pay the dividend on March 17. Shareholders of record as of the close of business on March 1

People news: Rome Health Surgical Specialists adds Molica
ROME, N.Y. — Rome Health Surgical Specialists announced it has recently added Dr. Samuel Molica, a general surgeon, to its team. Rome Health Surgical Specialists

Microdrones secures agreement with Vietnam distributor
Microdrones, a Germany–based firm with an office at Griffiss International Airport in Rome, says it has a distributor agreement for its drone-surveying equipment with a

Commerce Chenango to host economic-outlook event on Feb. 25
NORWICH, N.Y. — Commerce Chenango will host its annual economic-outlook briefing on Thursday, Feb. 25 in partnership with NBT Bank. The virtual event is scheduled

Raymond rolls out new automated tow tractor
GREENE, N.Y. — The Raymond Corporation, a Chenango County–based manufacturer of forklift trucks and other material-handling products, has recently introduced a new automated tow tractor. The Raymond Courier 3220 Automated Tow Tractor uses vision-guided technology and can tow up to 15,000 pounds. The new tow tractor is the latest addition to Raymond’s line of automated
Stay up-to-date on the companies, people and issues that impact businesses in Syracuse, Central New York and beyond.