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PAR Technology founder, Sammon, to step down from board
NEW HARTFORD, N.Y. — PAR Technology Corp. (NYSE: PAR) announced Monday that its founder and board member, John W. Sammon, Jr., will not stand for

PAR Technology acquires California company for $500 million
NEW HARTFORD, N.Y. — PAR Technology Corp. (NYSE: PAR), a provider of restaurant software, announced it has acquired Punchh Inc., a San Mateo, California firm

Utica’s Be a Neighbor Fund awards final grant to Irwin’s Fine Food
UTICA, N.Y. — Irwin’s Fine Food of Utica will use a $3,000 grant from the Greater Utica Be a Neighbor Fund. Irwin’s represents the “fifth

People news: Gray joins Hancock Estabrook as associate attorney
SYRACUSE, N.Y. — Hancock Estabrook, LLP announced that Emily Gray has joined the law firm as an associate attorney. Gray will practice in the firm’s

Starbucks to open location in Utica
UTICA, N.Y. — Utica Mayor Robert Palmieri has announced that Starbucks plans to open its first Utica location. Starbucks (NYSE: SBUX), the Seattle, Washington–based coffee

Lockheed Martin’s Salina plant wins $8.4 million Air Force contract
SALI NA, N.Y. — Lockheed Martin Corp.’s (NYSE: LMT) plant in the town of Salina has been awarded an $8.4 million contract from the U.S. Air Force for the Three-Dimensional Expeditionary Long-Range Radar Rapid Prototyping Program. This pact provides for the development of an interface to the Air Force Control and Reporting Center’s AN/TYQ-23A system,
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SALI NA, N.Y. — Lockheed Martin Corp.’s (NYSE: LMT) plant in the town of Salina has been awarded an $8.4 million contract from the U.S. Air Force for the Three-Dimensional Expeditionary Long-Range Radar Rapid Prototyping Program.
This pact provides for the development of an interface to the Air Force Control and Reporting Center’s AN/TYQ-23A system, according to a March 26 contract announcement from the U.S. Defense Department.
The Lockheed Martin Rotary and Mission Systems unit will perform work on this contract at its Salina facility, with an expected completion date of March 23, 2023. Fiscal-year 2020 research, development, test, and evaluation funds in the full contract amount are being obligated at the time of award, per the contract announcement. This deal also includes options for production and fielding of 35 radars.
The Air Force Life Cycle Management Center at Hanscom Air Force Base in Massachusetts is the contracting authority.

State budget includes $800 million for I-81 renovation project
SYRACUSE, N.Y. — The 2022 New York State budget allocates $800 million toward the first phase of construction on the I-81 viaduct-replacement project in downtown

SYRACUSE, N.Y. — The median rental price for most apartments in the Syracuse metro area fell more than 2 percent from the last month but was unchanged from a year ago, according to the April 2021 Zumper National Rent Report. The median rental price of one-bedroom apartments in the Syracuse region was $830 in the
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SYRACUSE, N.Y. — The median rental price for most apartments in the Syracuse metro area fell more than 2 percent from the last month but was unchanged from a year ago, according to the April 2021 Zumper National Rent Report.
The median rental price of one-bedroom apartments in the Syracuse region was $830 in the latest month, down 2.4 percent from the $850 median price posted a month ago and the same as the $830 median of a year earlier, according to Zumper, an apartment-rental listings website.
The median rental rates for two-bedroom units in the area was $1,000 in the April report, up 2 percent from $980 in the prior month, but down 1 percent from $1,010 in the year-earlier month.
Syracuse now ranks as the 82nd most expensive rental market (or 19th least expensive) among the top 100 markets in the nation, per the report.
The Zumper National Rent Report analyzes rental data from more than 1 million active listings across the U.S. The company aggregates the data monthly to calculate median asking rents for the top 100 metro areas by population.
Jefferson County hotel occupancy rate falls nearly 18 percent in February
WATERTOWN, N.Y — Hotels in Jefferson County saw a decline in guests in February compared to the year-ago month, as the COVID-19 pandemic continued hindering travel and hospitality businesses, according to a recent report. The hotel occupancy rate (rooms sold as a percentage of rooms available) in the county declined 17.5 percent to 35.4 percent
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WATERTOWN, N.Y — Hotels in Jefferson County saw a decline in guests in February compared to the year-ago month, as the COVID-19 pandemic continued hindering travel and hospitality businesses, according to a recent report.
The hotel occupancy rate (rooms sold as a percentage of rooms available) in the county declined 17.5 percent to 35.4 percent in February, according to STR, a Tennessee–based hotel market data and analytics company. It was the smallest year-over-year decline in occupancy since last October’s 16 percent drop.
Revenue per available room (RevPar), a key industry gauge that measures how much money hotels are bringing in per available room, slipped 19.2 percent to $31.50 in the second month of the year compared to February 2020. That’s a smaller year-over-year decline in Jefferson County’s RevPar than in each of the prior three months.
Average daily rate (or ADR), which represents the average rental rate for a sold room, dipped 2 percent to $89.04 in February from the year-ago month.

Lockheed Martin’s suburban Syracuse plant awarded $128 million Navy contract modification
SALINA, N.Y. — Lockheed Martin Corp.’s (NYSE: LMT) plant in the town of Salina has won a $128.4 million modification to a previously awarded Navy contract. The pact will exercise options for full-rate production of the Surface Electronic Warfare Improvement Program (SEWIP) AN/SLQ-32(V) 6. Work will be performed in Salina (78 percent) and Lansdale, Pennsylvania
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SALINA, N.Y. — Lockheed Martin Corp.’s (NYSE: LMT) plant in the town of Salina has won a $128.4 million modification to a previously awarded Navy contract.
The pact will exercise options for full-rate production of the Surface Electronic Warfare Improvement Program (SEWIP) AN/SLQ-32(V) 6.
Work will be performed in Salina (78 percent) and Lansdale, Pennsylvania (22 percent), and is expected to be completed by December 2022, according to an April 1 U.S. Department of Defense contract announcement.
Fiscal 2021 other procurement (Navy) funding totaling more than $54.6 million (43 percent); fiscal 2020 shipbuilding and conversion (Navy) funds totaling
$46.1 million (36 percent); and fiscal 2021 shipbuilding and conversion (Navy) funding of nearly $27.7 (21 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.
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