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N.Y. manufacturing index slides into negative territory in December
The Empire State Manufacturing Survey general business-conditions index fell 24 points to -14.5 in December, pointing to a decline in the sector, according to the latest monthly report from the Federal Reserve Bank of New York. The index had gained 14 points to 9.1 in November, its highest reading since April, after declining 7 points […]
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The Empire State Manufacturing Survey general business-conditions index fell 24 points to -14.5 in December, pointing to a decline in the sector, according to the latest monthly report from the Federal Reserve Bank of New York.
The index had gained 14 points to 9.1 in November, its highest reading since April, after declining 7 points to -4.6 in October.
The general business-conditions index is the monthly gauge on New York’s manufacturing sector and is based on firms responding to the survey.
A negative index number shows a deterioration in manufacturing conditions in the state, while a positive reading indicates expansion or growth in manufacturing activity.
The December survey found 18 percent of respondents reported that conditions had improved over the latest month, while 32 percent said that conditions had worsened, the New York Fed said.
Survey details
The Empire State Survey found that new orders fell 6 points to -11.3, pointing to a decline in orders for a third straight month, and the shipments index dropped 16 points to -6.4, indicating a slowdown in shipments activity, the New York Fed said.
The unfilled-orders index held steady at -24.0, a sign that unfilled orders continued to fall “significantly.” After rising into positive territory in November, the inventories index retreated 14 points to -5.2 in December, suggesting that inventories moved lower.
The delivery times index dropped 10 points to -15.6, its “lowest reading in several years, a sign that delivery times shortened.”
The index for number of employees fell 4 points to -8.4 in December, its lowest level “in several months,” pointing to a modest decline in employment levels, the New York Fed said. The average-workweek index was little changed at -2.4, indicating a slight dip in hours worked.
The prices-paid index moved down 6 points to 16.7 in December, suggesting an ongoing moderation in input price increases, while the prices-received index held steady at 11.5, a sign that selling-price increases remained modest.
After plunging in November, the index for future business conditions climbed 13 points to 12.1 the next month, a reading that suggests firms were “still not very optimistic” that conditions would improve in the months ahead.
New orders and shipments, as well as employment, are expected to increase only modestly over the next six months, according to the survey’s gauge of future conditions. The capital-spending index “remained depressed” at 4.2 in December, and the technology-spending index came in at 8.3, suggesting that firms’ investment plans “remained weak.”
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 state. On average, about 100 executives return responses.

BAE picked for propulsion system on U.S. Army truck prototypes
ENDICOTT, N.Y. — A Pennsylvania manufacturer has chosen BAE Systems to provide its alternative-propulsion product for common tactical truck (CTT) prototype vehicles that the U.S Army is testing. BAE Systems supplied its Gen3 propulsion and accessories power-management systems to Mack Defense of Allentown, Pennsylvania for integration on the truck variants to sharply cut fuel demand,
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ENDICOTT, N.Y. — A Pennsylvania manufacturer has chosen BAE Systems to provide its alternative-propulsion product for common tactical truck (CTT) prototype vehicles that the U.S Army is testing.
BAE Systems supplied its Gen3 propulsion and accessories power-management systems to Mack Defense of Allentown, Pennsylvania for integration on the truck variants to sharply cut fuel demand, according to a BAE Systems announcement on Dec. 12.
“The U.S. Army requested industry to provide solutions to maximize operational efficiency of the Common Tactical Truck in areas such as fuel demand reduction in order to help inform the final requirements for the program,” David Hartzell, president of Mack Defense, said in a release. “BAE Systems brings extensive experience in electrified propulsion technologies for commercial and military platforms — delivering a best-in-class solution for this program.”
BAE Systems’ Gen3 product includes an electric motor and generator and power electronics to create a more efficient mode of transportation for the trucks. The company’s latest electric-drive technology uses advanced materials, such as silicon carbide, and increases electrical efficiency for improved vehicle performance, BAE said.
This system provides enhanced fuel economy for the vehicles, an extended anti-idle operation capability and exportable power.
BAE Systems says it has fielded similar systems to other Volvo Group companies, and Mack Defense has been able to leverage this experience and apply it to the CTT program, per the BAE announcement.
“Our next-generation system leverages advanced technologies and proven, commercial-based components which will help modernize the U.S. Army’s Tactical Truck fleet,” Bob Lamanna, VP and general manager of power & propulsion solutions at BAE Systems, said in the release. “BAE Systems’ scalable design is a future-proof solution, which will not only improve fuel efficiency, but also provide the U.S. Army with a higher level of commonality, allowing for the quick integration of emerging capabilities.”
Mack Defense received a prototype contract for the first phase in the U.S. Army’s CTT program in January 2023. The prototypes will be tested and evaluated to determine the final requirements for the next generation of trucks to begin modernization and replacement of the U.S. Army’s fleet of about 35,000 heavy tactical trucks, which perform combat logistics, support, and service support missions.
About the companies
Headquartered in Falls Church, Virginia, BAE Systems, Inc. is the U.S. subsidiary of UK–based BAE Systems plc, a global defense, security, and aerospace company. Its website says the firm employs nearly 90,000 people globally. That figure includes more than 1,300 employees in Endicott, per a company spokesman.
BAE Systems says it has more than 25 years of experience developing and integrating electric-propulsion systems for transit buses, boats, heavy-duty trucks, and military vehicles. The company has more than 16,000 power and propulsion systems in operation worldwide.
Mack Defense, a wholly owned subsidiary of Mack Trucks, is responsible for the sale of heavy-duty trucks to federal- and ministerial-level customers globally.
Mack Defense is part of the Volvo Group, which is offering trucks, buses, construction equipment, and power products for marine and industrial applications, financing, and services.
Founded in 1927, the Volvo Group is headquartered in Gothenburg, Sweden, employs about 100,000 people, and serves customers in more than 190 markets. In 2022, net sales amounted to about $47 billion.

SRC appoints director of multi-domain electronic warfare
CICERO, N.Y. — SRC, Inc. recently announced it has promoted Victor Vanderberg to director of multi-domain electronic warfare (EW). In this role, Vanderberg will work with a team of engineers and specialists throughout the lifecycle of unmanned-system payload design, development, integration and demonstration efforts, according to an SRC news release. He will also engage with
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CICERO, N.Y. — SRC, Inc. recently announced it has promoted Victor Vanderberg to director of multi-domain electronic warfare (EW).
In this role, Vanderberg will work with a team of engineers and specialists throughout the lifecycle of unmanned-system payload design, development, integration and demonstration efforts, according to an SRC news release. He will also engage with customers, pursue opportunities, and ensure the alignment of programs with the overall strategic plan and customer objectives.
“Victor has held several positions at SRC and will bring years of knowledge and skills he’s acquired to this role,” Kevin Hair, president and CEO of SRC, said in the release. “His experience will strengthen our position as a leader in unmanned system payload design and support us in delivering creative solutions for our customers’ challenges.”
Vanderberg has more than 20 years of experience in engineering and with multi-domain EW expeditionary systems. In his former role as senior business-area manager for multi-domain EW, Vanderberg led business-portfolio research and development, as well as product-development efforts with a focus on size, weight, and power-constrained special communications, SRC said. He holds a bachelor’s degree in electrical engineering and a bachelor’s degree in Spanish, both from Virginia Tech.
SRC is a Cicero–based not-for-profit research and development company that combines information, science, technology, and ingenuity to solve problems in the areas of defense, environment, and intelligence. It employs nearly 1,400 people.

Lockheed Martin Owego wins nearly $133M Navy contract modification
OWEGO, N.Y. — Lockheed Martin Corp. (NYSE: LMT) in Owego was recently awarded an up to $132.8 million modification to an order against a previously issued basic ordering agreement from the U.S. Navy. This contract modification adds scope to provide non-recurring engineering and add/delete efforts in support of bringing eight MH-60R Seahawk helicopters from a
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OWEGO, N.Y. — Lockheed Martin Corp. (NYSE: LMT) in Owego was recently awarded an up to $132.8 million modification to an order against a previously issued basic ordering agreement from the U.S. Navy.
This contract modification adds scope to provide non-recurring engineering and add/delete efforts in support of bringing eight MH-60R Seahawk helicopters from a standard foreign military sales (FMS) configuration to a unique configuration for the government of Spain, according to a Dec. 14 contract announcement from the U.S. Department of Defense.
This adjustment also procures eight embedded global-positioning system inertial navigation-systems spares, four airborne low-frequency sonars, production spares, and associated field-service representative support.
Work will be performed in Owego (39 percent); Stratford, Connecticut (30 percent); Brest, France (21 percent); Portsmouth, Rhode Island (8 percent); and Troy, Alabama (2 percent), and is expected to be completed in June 2029, per the contract announcement.
FMS customer funds of nearly $46.5 million will be obligated at the time of award, none of which will expire at the end of the current fiscal year. The Naval Air Systems Command in Patuxent River, Maryland is the contracting authority. ν

B&C Storage rolls out plans for expansion this year
SYRACUSE, N.Y. — B&C Storage, a local chain of self-storage facilities, has opened a new location in the village of Camillus, the first step in

Excellus awards Oswego Health $10,000 for primary care at Lakeview
OSWEGO, N.Y. — Oswego Health announced it will use a $10,000 Health and Wellness Award from Excellus BlueCross BlueShield, Central New York’s largest health insurer,

North Country volunteer fire department treasurer sentenced for stealing $50,000
CANTON, N.Y. — The former treasurer of the Morley Volunteer Fire Co. was ordered to pay $50,000 in restitution and sentenced to five years of

People news: St. Luke Health Services names new director of rehabilitation therapy services
OSWEGO, N.Y. — St. Luke Health Services in Oswego announced it has appointed Chuck Besa as the new director of its Rehabilitation Therapy Department. He

ANDRO lands $15 million SBIR contract for U.S. Army work
ROME, N.Y. — ANDRO Computational Solutions, LLC has won a $15 million contract to design and build an electronic signal-detection unit for the U.S. Army.

Bassett Medical Center in Cooperstown starts requiring masks again
COOPERSTOWN, N.Y. — Bassett Medical Center announced it has reinstituted temporary masking requirements effective immediately as the number of Bassett employees testing positive for COVID
Stay up-to-date on the companies, people and issues that impact businesses in Syracuse, Central New York and beyond.