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New York News

Lockheed Martin Owego wins nearly $30 million Navy order modification

OWEGO, N.Y. — Lockheed Martin Rotary and Mission Systems in Owego has been awarded a more than $29.5 billion firm-fixed-price modification to an order against a previously-issued basic ordering agreement.  This adjustment exercises options to procure 228 Generation 3i/5i mission computers (MCs) (210 for the Navy, 11 for the government of Australia, four for the

State comptroller report: Value of IDA projects increased 10 percent in 2021 to $126 billion

ALBANY, N.Y. — New York state’s 107 local industrial development authorities (IDAs) reported 4,324 active projects with an aggregate value of $126 billion in 2021, a 10.4 percent, or $11.9 billion, increase from 2020.  That’s according to a report issued by New York State Comptroller Thomas P. DiNapoli on April 11. The number of IDA

UHS Wilson Medical Center tower project progresses

JOHNSON CITY, N.Y. — Construction on the UHS Wilson Medical Center’s six-story expansion project is more than 25 percent complete with work moving forward on the 183,375-square-foot main tower that will serve as the new front entry for UHS’ health and medical services. With the majority of the structural steel in place as of February,

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Bassett, Oneonta YMCA partner to keep FoxCare Fitness open

ONEONTA, N.Y. — Bassett Healthcare Network and A.O. Fox Hospital announced they have reached an agreement with the Oneonta Family YMCA to keep FoxCare Fitness open to the public.  Beginning June 6, Bassett will lease the space to the YMCA, which will operate the facility without any disruption in service, the health-care system said in

Visions holds annual meeting, announces board appointments

ENDWELL, N.Y. — Visions Federal Credit Union elected three directors to its board of directors during the credit union’s 57th annual meeting, which was held recently at its headquarters located in Endwell. In addition, a special reorganization meeting following the annual meeting included the election of new officers and appointments, per an April 11 news

Community Bank earnings drop after securities-sale losses

DeWITT, N.Y. — Community Bank System, Inc. (NYSE: CBU), parent company of Community Bank, N.A., recently reported that its earnings plummeted in the first quarter, with net income falling nearly 88 percent to $5.8 million from $47.1 million a year ago, in the wake of a balance-sheet repositioning.  Earnings per share dropped nearly as much,

AmeriCU CEO says the credit union remains financially strong

ROME, N.Y. — Rome–based AmeriCU Credit Union “remains financially strong and well-capitalized.” That’s part of the message that Ronald Belle, president and CEO of AmeriCU, delivered to the credit union’s annual membership meeting held March 13. John Stevenson, chairman of the AmeriCU board of directors, also addressed the current membership on the credit union’s financial

Citizens Business Conditions Index bounces back in Q1

The national Citizens Business Conditions Index (CBCI) rose to 53.9 in the first quarter, “reflecting continued strength in the labor market, more new business openings and positive corporate revenue trends.”  The CBCI had dipped below 50 during the fourth quarter of last year and the bounce-back during the first quarter “signaled a return to positive

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