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

Haylor, Freyer & Coon is sold to national insurance firm
SYRACUSE, N.Y. — Haylor, Freyer & Coon, Inc., a 94-year-old Syracuse–based insurance agency, has been sold to Alera Group, an independent national insurance and wealth

White House Infrastructure Coordinator Landrieu hears details about I-81 project in Syracuse visit
SYRACUSE, N.Y. — Area officials with a stake in the upcoming Interstate 81 viaduct-replacement project shared details with Mitch Landrieu, infrastructure coordinator at the White

New York manufacturing index slides further in October
The Empire State Manufacturing Survey general business-conditions index fell 8 points to -9.1 in October. The index had climbed 30 points to -1.5 in September.

People news: Herkimer College appoints Whittaker as staff accountant
HERKIMER, N.Y. — Herkimer County Community College announced it has appointed Julie Whittaker to the position of staff accountant – payroll. Whittaker brings experience from

Three Syracuse startups and one from Binghamton are among the 12 finalists in FuzeHub’s upcoming commercialization competition, set for the Buffalo Niagara Convention Center on

BAE Systems to provide electric-drive products for transit buses in Southern California
ENDICOTT, N.Y. — BAE Systems, which manufactures heavy-duty electric propulsion systems, will provide El Dorado National (California)(ENC) with its Gen3 product line for its next-generation,

Ithaca Rotary club donates to nonprofits
ITHACA, N.Y. — The Rotary Club of Ithaca has awarded nearly $15,000 in grants to 15 community nonprofits. The funding comes from $10,000 members donated

Caggiano returns to VIP Structures’ IT department
SYRACUSE, N.Y. — VIP Structures recently announced that Michelle Caggiano has returned to the company’s enterprise-wide IT department. She will help expand the company’s IT Support Group, and help “keep VIP at the leading edge of technology implementation,” the Syracuse–based design-build firm said in a news release. VIP Structures is a more than 45-year-old firm
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SYRACUSE, N.Y. — VIP Structures recently announced that Michelle Caggiano has returned to the company’s enterprise-wide IT department.
She will help expand the company’s IT Support Group, and help “keep VIP at the leading edge of technology implementation,” the Syracuse–based design-build firm said in a news release.
VIP Structures is a more than 45-year-old firm offering professional services in architecture, construction, and development, as well as in-house engineering and property management expertise for commercial, industrial, and institutional clients.

First Source’s DeMetri named to American Heart Association’s local board and Circle of Red co-chair
NEW HARTFORD, N.Y. — The American Heart Association’s local board of directors has appointed Amy DeMetri, executive VP of First Source Federal Credit Union, as a board member. In addition, she has been appointed to a leadership role for this year’s Go Red for Women’s “Circle of Red” committee, according to a First Source news
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NEW HARTFORD, N.Y. — The American Heart Association’s local board of directors has appointed Amy DeMetri, executive VP of First Source Federal Credit Union, as a board member.
In addition, she has been appointed to a leadership role for this year’s Go Red for Women’s “Circle of Red” committee, according to a First Source news release. DeMetri will co-chair the initiative along with Jennifer Keida of Standard Insulating Co.
In her role, DeMetri will share heart-health education and fundraising opportunities reaching new women. They, in turn, share with women they know, continually growing the circle of knowledge. The Circle of Red is a group of women who are “heart-health champions committed to the cause of raising awareness and funds in an engaging and meaningful way. They use their influence, generosity, and passion to increase awareness of cardiovascular disease, the leading cause of death in women, and to inspire women to take charge of their health,” the release stated. In return, the American Heart Association provides them the opportunity to attend exclusive special events and VIP experiences.
“We could not be more proud of Amy for taking on these two charitable positions,” First Source President/CEO Tom Neumann said. “We encourage our senior leadership team members and all First Source employees to give back to our community through volunteerism and other means whenever possible.”
First Source Federal Credit Union is a full-service financial institution serving more than 50,000 members with branches in New Hartford, south Utica, north Utica, Herkimer, and Rome along with a member-care contact center.

Lockheed Martin’s suburban Syracuse plant wins $22 million Navy contract modification
SALINA, N.Y. — The Lockheed Martin Rotary and Mission Systems unit in the town of Salina was recently awarded a $22.1 million modification to a previously won contract from the U.S. Navy. The firm-fixed-price contract modification is to exercise options for Advanced Off-Board Electronic Warfare System Low Rate Initial Production units, according to a Sept.
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SALINA, N.Y. — The Lockheed Martin Rotary and Mission Systems unit in the town of Salina was recently awarded a $22.1 million modification to a previously won contract from the U.S. Navy.
The firm-fixed-price contract modification is to exercise options for Advanced Off-Board Electronic Warfare System Low Rate Initial Production units, according to a Sept. 28 contract announcement from the U.S. Department of Defense.
Lockheed Martin (NYSE: LMT) will perform the contract work in its Salina plant (88 percent); Lansdale, Pennsylvania (10 percent); Stratford, Connecticut (1 percent); and Orlando, Florida (1 percent). It’s expected to be completed by May 2025.
Fiscal 2022 other procurement (Navy) funding totaling $22,130,679 will be obligated at the 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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