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SUNY Oswego President Deborah Stanley to retire at end of year
OSWEGO, N.Y. — Deborah Stanley — who has served as president of SUNY Oswego for more than 25 years — has announced her intention to

Cuomo says all New York state schools can reopen fully by September
All New York state schools will reopen for full in-person learning for the 2021-2022 school year beginning in September, Gov. Andrew M. Cuomo announced Monday.

Hartwick College campus to remain closed to the public through the summer
ONEONTA, N.Y. — Hartwick College says its campus will remain closed to the public through this summer. The campus has been closed to the public

Griffiss, other Upstate airports awarded federal funding for projects
Griffiss International Airport in Rome, Syracuse Hancock International Airport, Ithaca Tompkins International Airport, and Watertown International Airport are among the upstate New York airport awarded

AIS wins nearly $12 million software contract from U.S. Air Force
ROME, N.Y. — Assured Information Security, Inc. (AIS) has been awarded a more than $11.9 million contract from the U.S. Air Force for Signals Intelligence Tactical Analysis and Reporting Gateway (STARGATE) prototype software. This cost-plus-fixed-fee completion pact provides for research and development improvements to the STARGATE platform, according to a May 7 contract announcement from
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ROME, N.Y. — Assured Information Security, Inc. (AIS) has been awarded a more than $11.9 million contract from the U.S. Air Force for Signals Intelligence Tactical Analysis and Reporting Gateway (STARGATE) prototype software.
This cost-plus-fixed-fee completion pact provides for research and development improvements to the STARGATE platform, according to a May 7 contract announcement from the U.S. Department of Defense. It seeks to enable expanded integration with enterprise tools and information systems; development of capabilities for automatically cataloging and managing an inventory of the global radio-frequency emitter and communications-network environment; expanding integration of datasets from additional multi-national and multi-agency intelligence, surveillance and reconnaissance platforms and sensors; as well as integration of STARGATE Exploitation Tools into these platforms.
Work will be performed in Rome and is expected to be completed by May 7, 2024. This award was made through a competitive acquisition in which two companies bid for the contract, per the Department of Defense. Fiscal 2021 research, development, test and evaluation funds totaling more than $3.3 million are being obligated at time of award. The Air Force Research Laboratory in Rome is the contracting authority.

KeyCorp to pay quarterly dividend of 18.5 cents a share in mid-June
KeyCorp (NYSE: KEY) — parent of KeyBank, the No. 2 bank ranked by deposit market share in the 16-county Central New York area — has declared a quarterly cash dividend of 18.5 cents per share of its common stock. The dividend is payable on June 15, to holders of record as of the close of
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KeyCorp (NYSE: KEY) — parent of KeyBank, the No. 2 bank ranked by deposit market share in the 16-county Central New York area — has declared a quarterly cash dividend of 18.5 cents per share of its common stock.
The dividend is payable on June 15, to holders of record as of the close of business on June 1. At Key’s current stock price, the dividend yields about 3.2 percent on an annual basis.
Headquartered in Cleveland, Ohio, Key is one of the nation’s largest bank-based financial-services companies, with assets of $176.2 billion as of March 31. Its roots trace back 190 years to Albany. KeyBank has a network of more than 1,000 branches and about 1,400 ATMs in 15 states.

Community Bank System to pay Q2 dividend of 42 cents a share in July
DeWITT, N.Y. — Community Bank System, Inc. (NYSE: CBU) recently announced that it has declared a quarterly cash dividend of 42 cents per share on its common stock. The dividend will be payable on July 9 to shareholders of record as of June 15. The dividend is the same amount that Community Bank paid each
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DeWITT, N.Y. — Community Bank System, Inc. (NYSE: CBU) recently announced that it has declared a quarterly cash dividend of 42 cents per share on its common stock.
The dividend will be payable on July 9 to shareholders of record as of June 15. The dividend is the same amount that Community Bank paid each of the last three quarters, after it increased the payment from the previous dividend of 41 cents a share.
The current dividend of 42 cents represents an annualized yield of about 2.1 percent, based on Community Bank’s current stock price.
DeWitt–based Community Bank System operates more than 225 branches across upstate New York, northeastern Pennsylvania, Vermont, and western Massachusetts through its banking subsidiary, Community Bank, N.A. With assets of about $14.6 billion, the banking company is among the nation’s 125 biggest financial institutions. The company also provides financial planning, insurance, and wealth-management services through its Community Bank Wealth Management Group and OneGroup NY, Inc. operating units.
Lockheed Martin’s suburban Syracuse plant wins almost $10M Navy contract modification
SALINA, N.Y. — The Lockheed Martin Corp. (NYSE: LMT) plant in the Syracuse area has been awarded a nearly $9.7 million modification to a previously awarded contract from the U.S. Navy. The cost-plus-incentive-fee modification to the pact is for the design, prototyping, and qualification testing of submarine electronic-warfare equipment, according to a contract announcement the
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SALINA, N.Y. — The Lockheed Martin Corp. (NYSE: LMT) plant in the Syracuse area has been awarded a nearly $9.7 million modification to a previously awarded contract from the U.S. Navy.
The cost-plus-incentive-fee modification to the pact is for the design, prototyping, and qualification testing of submarine electronic-warfare equipment, according to a contract announcement the U.S. Department of Defense made on May 7.
Work will be performed at Lockheed’s facility in the town of Salina and is expected to be completed by February 2022. Fiscal 2021 shipbuilding and conversion (Navy) funds in the amount of $4.7 million (49 percent); fiscal 2020 shipbuilding and conversion (Navy) funds totaling $4 million (41 percent); fiscal 2021 research, development, test, and evaluation (Navy) funds in the amount of $472,000 (5 percent); and fiscal 2021 National Sea Based Deterrent Funds totaling $500,000 (5 percent) will be obligated at time of award and will not expire at the end of the current fiscal year. The Naval Sea Systems Command in Washington, D.C. is the contracting authority.

Utica affilated with New Jersey Devils in hockey once again
UTICA — When the Utica Comets of the American Hockey League (AHL) begin play this fall, it will be their first season as an affiliate of the New Jersey Devils of the National Hockey League (NHL). But it’s not the first time the city of Utica has had a New Jersey Devils minor-league team. The
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UTICA — When the Utica Comets of the American Hockey League (AHL) begin play this fall, it will be their first season as an affiliate of the New Jersey Devils of the National Hockey League (NHL). But it’s not the first time the city of Utica has had a New Jersey Devils minor-league team.
The Comets on May 6 announced a 10-year affiliation agreement with New Jersey. The 10-year deal begins a “new chapter” for the partnership between New Jersey and Utica — a pairing that previously existed from 1987-1993 when New Jersey’s AHL partner was known as the Utica Devils, per a Comets news release.
The Comets have been affiliated with the NHL’s Vancouver Canucks since they began play in the 2013-14 season.
Both the Devils and Comets President Robert Esche on May 6 announced that the AHL’s Board of Governors unanimously approved the relocation of the franchise owned by the Devils from Binghamton to Utica, beginning with the 2021-22 season.
“After multiple discussions and evaluating the options available for the future of our American Hockey League franchise, we have agreed to partner with local operating group Mohawk Valley Garden in Utica … led by Comets President Robert Esche, to relocate our AHL franchise starting with the 2021-22 season. We are pleased to announce that this is a 10-year partnership which establishes a mutual commitment between our organization and the city of Utica,” Jake Reynolds, president of the New Jersey Devils, and Tom Fitzgerald, the Devils’ executive VP/general manager, said in the release. “We look forward to creating new memories for the fans as the next generation of Devils’ stars develop their professional careers at the Adirondack Bank Center. Working with Robert and his team will be an exciting opportunity as we look to build upon the passion and enthusiasm that they’ve created in making Utica one of the top markets in the AHL.”
The organization will remain the Utica Comets, with jersey designs and colors to be revealed later this year. “Throughout the process, both parties focused on the Utica community while introducing a new NHL partner into the city; the main component to that was ensuring that the team would still be called the Utica Comets,” per the Comets.
“We could not be happier for the opportunity to partner with the New Jersey Devils, an organization with a rich history not only in the NHL but also in our own community,” Esche said. “The spirit of Comets hockey and the culture our fans have created will continue to grow as it has for decades and evolve through the next 10 years, and we are honored to be a part of that with the Devils.”
Esche also announced that, to commemorate the first day the Utica Devils took the ice in 1987, the Comets will open at home on Sunday, Oct. 17 — exactly 34 years since the Devils’ AHL hockey debut in the City of Utica.
Utica Mayor Robert Palmieri issued a May 6 statement in reaction to Comets’ announcement.
“Over the past seven years, the residents of our community demonstrated their love for hockey and made it clear Utica was a viable and appealing option to support an American Hockey League (AHL) franchise. This was evident today as the Board of Governors approved the relocation of the New Jersey Devils AHL franchise from Binghamton to Utica. We certainly thank the Vancouver Canucks for making Utica their home the past seven years and wish them every success in their new location,” Palmieri said.
The AHL franchise owned by the Vancouver Canucks will relocate from Utica to Abbotsford, British Columbia beginning with the 2021-22 AHL season, per the AHL website.

New York manufacturing index dips in May but still shows solid growth
The Empire State Manufacturing Survey general business-conditions index dipped two points in May to 24.3, but still showed the industry is generating significant growth while emerging from the pandemic. The index — the monthly gauge on New York’s manufacturing sector — had climbed 9 points in April to 26.3, a “multi-year high.” The May reading
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The Empire State Manufacturing Survey general business-conditions index dipped two points in May to 24.3, but still showed the industry is generating significant growth while emerging from the pandemic.
The index — the monthly gauge on New York’s manufacturing sector — had climbed 9 points in April to 26.3, a “multi-year high.”
The May reading of 24.3 — based on firms responding to the survey — indicates business activity “continued to grow at a solid clip” in New York, the Federal Reserve Bank of New York said in its May 17 report. The result also was close to economists’ expectations.
A positive index number indicates expansion or growth in manufacturing activity, while a negative reading on the index shows a decline in the sector. Manufacturing activity in New York has grown for 11 straight months.
The survey found 37 percent of manufacturer respondents reported that conditions had improved over the month, while 13 percent said that conditions had worsened, the New York Fed said.
Survey details
The new-orders index moved up 2 points to 28.9, a “multi-year high,” and the shipments index climbed 5 points to 29.7, pointing to “another month of strong gains” in orders and shipments, the New York Fed said.
Unfilled orders increased. The delivery-times index moved down 5 points, but at 23.6, it held near its record high from last month, pointing to “significantly longer” delivery times. Inventories moved somewhat higher.
The index for number of employees held steady at 13.6, while the average-workweek index climbed 6 points to 18.7, indicating ongoing gains in employment and hours worked.
Both price indexes reached record highs. The prices-paid index rose 9 points to 83.5, and the prices-received index edged up 2 points to 37.1.
The index for future business conditions was little changed at 36.6, suggesting that firms “remained optimistic” about future conditions.
The indexes for future new orders and shipments also held at similar levels. The indexes for future-prices paid and future-prices received remained elevated. Firms on net expect to increase employment “significantly” in the months ahead.
The capital expenditures index came in at 25.7, and the technology spending index was 22.1.
The New York Fed distributes the Empire State Manufacturing Survey on the first day of each month to the same pool of about 200 manufacturing executives in New York. On average, about 100 executives return responses.
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