Stay up-to-date on the companies, people and issues that impact businesses in Syracuse, Central New York and beyond.
Lockheed Martin’s suburban Syracuse plant wins $54M order from U.S. Navy
SALINA, N.Y. — Lockheed Martin Corp.’s (NYSE: LMT) facility in the town of Salina, was recently awarded a $54.2 million delivery order under a previously awarded contract from the U.S. Navy for production of submarine electronic-warfare systems on new construction and in-service submarines. Work will be performed at the Salina plant, and is expected to […]
Become a Central New York Business Journal subscriber and get immediate access to all of our subscriber-only content and much more.
Click here to purchase a paywall bypass link for this article.
SALINA, N.Y. — Lockheed Martin Corp.’s (NYSE: LMT) facility in the town of Salina, was recently awarded a $54.2 million delivery order under a previously awarded contract from the U.S. Navy for production of submarine electronic-warfare systems on new construction and in-service submarines.
Work will be performed at the Salina plant, and is expected to be completed by January 2028, according to a March 19 contract announcement from the U.S. Department of Defense.
Fiscal 2025 other procurement (Navy) funds totaling $11.1 million (96 percent); fiscal 2024 shipbuilding and conversion (Navy) funds of $300,000 (3 percent); and fiscal 2025 shipbuilding and conversion (Navy) funds totaling $100,000 (1 percent), 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.
ANDRO wins $1 million Army contract for electromagnetic sensing payload
ROME, N.Y. — The U.S. Army Applications Laboratory recently awarded a $1 million contract to ANDRO Computational Solutions, LLC to develop a modular, artificial-intelligence (AI)-powered electromagnetic sensing payload prototype for unmanned aircraft systems (UAS). ANDRO Chief Scientist-Chief Technology Officer Jithin Jagannath and Chief Research Officer of ANDRO’s Marconi-Rosenblatt AI Innovation Lab Anu Jagannath are spearheading
Become a Central New York Business Journal subscriber and get immediate access to all of our subscriber-only content and much more.
Click here to purchase a paywall bypass link for this article.
ROME, N.Y. — The U.S. Army Applications Laboratory recently awarded a $1 million contract to ANDRO Computational Solutions, LLC to develop a modular, artificial-intelligence (AI)-powered electromagnetic sensing payload prototype for unmanned aircraft systems (UAS).
ANDRO Chief Scientist-Chief Technology Officer Jithin Jagannath and Chief Research Officer of ANDRO’s Marconi-Rosenblatt AI Innovation Lab Anu Jagannath are spearheading the project, the company announced. The research and development team includes Justin Henney, Suhail Shaik, and Tyler Gwin.
The novel UAS payload concept — named RF-HAWK — performs the job of multiple specialized units using a single, integrated package for in-flight, AI-driven electronic sensing. Utilizing AI models optimized for real-time inferencing at low power, the RF-HAWK’s multitasking and rapid decision-making performance acts as a force-protection multiplier with the ability to operate through highly congested and contested signal/spectrum environments.
“ANDRO is excited to collaborate with the Army Applications Laboratory to build technologies that reinforce their strategic objectives in the electronic-sensing technology space,” ANDRO President Andrew Drozd said in the contract announcement. “By extending such capabilities to autonomous UAS platforms, RF-HAWK delivers a transformative advantage for dismounted soldiers, offering on-demand electronic sensing capabilities without increasing logistical burden and cost, underscoring the Army’s commitment to advance sensing resilience and achieving operational dominance in modern contested environments. I envision production-level RF-HAWK capabilities with future returns on investment in the multi-million dollar range and growth of ANDRO’s tech portfolio.”
Tompkins Community Bank names Stallone to board for Central New York
ITHACA, N.Y. — Tompkins Community Bank has recently appointed Dr. Martin Stallone to its community bank board for Tompkins Central New York. Stallone currently serves as the CEO of Centralus Health and Cayuga Health System. Centralus Health is an affiliation of Arnot Health in Elmira and Cayuga Health in Ithaca. Together they serve patients across
Become a Central New York Business Journal subscriber and get immediate access to all of our subscriber-only content and much more.
Click here to purchase a paywall bypass link for this article.
ITHACA, N.Y. — Tompkins Community Bank has recently appointed Dr. Martin Stallone to its community bank board for Tompkins Central New York.
Stallone currently serves as the CEO of Centralus Health and Cayuga Health System. Centralus Health is an affiliation of Arnot Health in Elmira and Cayuga Health in Ithaca. Together they serve patients across nine counties in the Finger Lakes and Southern Tier regions.
Dr. Stallone brings more than 15 years of leadership experience, a focus on keeping the local communities strong, and strong skills in operational oversight to Tompkins’ board, according to a release from Tompkins Community Bank, which is part of Ithaca–based Tompkins Financial Corp. (NYSE: TMP).
“Martin is a well-rounded and highly experienced professional,” Johanna Anderson, president of the Tompkins Central New York market, said. “He has an incredible background in hospital management and demonstrated expertise with organizational leadership and communication strategies. We have no doubt he will help us make a positive difference in the Central New York community.”
In addition to his current positions, Stallone, who served in the U.S. Air Force, is the New York State air surgeon at the state’s Air National Guard headquarters in Latham (near Albany). He serves the boards of numerous community organizations, including the corporate board of Lifetime Healthcare Companies and HealtheConnections. Stallone holds a bachelor’s degree from Cornell University, a doctorate in medicine from the University of Pennsylvania, and master’s degrees from the Wharton School of Business (University of Pennsylvania), and the U.S. Naval War College.
Founded in 1836, Tompkins Community Bank serves the Central, Western, and Hudson Valley regions of New York, and the Southeastern region of Pennsylvania.
Pathfinder Bancorp to pay Q1 dividend of 10 cents in early May
OSWEGO, N.Y. — Pathfinder Bancorp, Inc. (NASDAQ: PBHC), the bank holding company of Pathfinder Bank, has declared a cash dividend of 10 cents per share of its common stock. The first-quarter 2025 dividend is payable on May 9 to all shareholders of record as of April 18, according to an announcement from James A. Dowd,
Become a Central New York Business Journal subscriber and get immediate access to all of our subscriber-only content and much more.
Click here to purchase a paywall bypass link for this article.
OSWEGO, N.Y. — Pathfinder Bancorp, Inc. (NASDAQ: PBHC), the bank holding company of Pathfinder Bank, has declared a cash dividend of 10 cents per share of its common stock.
The first-quarter 2025 dividend is payable on May 9 to all shareholders of record as of April 18, according to an announcement from James A. Dowd, president and CEO of Pathfinder Bancorp.
At Pathfinder’s current stock price, the dividend yields about 2.5 percent on an annual basis.
Pathfinder Bank is a New York State–chartered commercial bank headquartered in Oswego with 12 full-service branches located in its market areas of Oswego and Onondaga counties and one limited-purpose office in Oneida County.
New York planted acres for soybeans expected to rise almost 3 percent
Farmers in New York state are expected to increase the number of acres devoted to soybean plantings to 380,000 acres this year, up nearly 3 percent from 370,000 acres in 2024, and up more than 8.5 percent from 350,000 acres in 2023. That’s according to a March 31 prospective planting report from the USDA National
Become a Central New York Business Journal subscriber and get immediate access to all of our subscriber-only content and much more.
Click here to purchase a paywall bypass link for this article.
Farmers in New York state are expected to increase the number of acres devoted to soybean plantings to 380,000 acres this year, up nearly 3 percent from 370,000 acres in 2024, and up more than 8.5 percent from 350,000 acres in 2023.
That’s according to a March 31 prospective planting report from the USDA National Agricultural Statistics Service (NASS).
If realized, the planted acres in New York will be the largest on record, NASS said. Nationally, growers intend to plant 83.5 million acres of soybeans in 2025, down 4 percent from last year. Compared with the prior year, planting intentions are down or unchanged in 23 of the 29 estimating states in 2025, per the USDA.
Saab wins more than $8 million U.S. Navy contract modification for MK 9 production
DeWITT, N.Y. — Saab Inc. in DeWitt recently won a nearly $8.1 million modification to a previously awarded contract from the U.S. Navy to exercise options for fiscal 2025 MK 9 production efforts. That’s according to a March 17 contract announcement from the U.S. Department of Defense. Work will be performed in DeWitt (81 percent);
Become a Central New York Business Journal subscriber and get immediate access to all of our subscriber-only content and much more.
Click here to purchase a paywall bypass link for this article.
DeWITT, N.Y. — Saab Inc. in DeWitt recently won a nearly $8.1 million modification to a previously awarded contract from the U.S. Navy to exercise options for fiscal 2025 MK 9 production efforts.
That’s according to a March 17 contract announcement from the U.S. Department of Defense.
Work will be performed in DeWitt (81 percent); Rancho Cordova, California (13 percent); Airmont, New York (3 percent); Mountain View, California (2 percent); and Ronkonkoma, New York (1 percent), and is expected to be completed by March 2027.
Fiscal 2025 shipbuilding and conversion (Navy) funds of $8,097,844 were 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.
CenterState CEO, GSBDC form new partnership to help serve small businesses
SYRACUSE, N.Y. — CenterState CEO and the Greater Syracuse Business Development Corporation (GSBDC) on Thursday announced a new strategic partnership to scale GSBDC’s lending resources
MACNY to induct Rome company president into Manufacturers Wall of Fame
DeWITT, N.Y. — MACNY, The Manufacturers Association says it will induct Graham Brodock, president of Kris-Tech Wire of Rome, into its Manufacturers Wall of Fame. The organization is recognizing Brodock for his “visionary leadership and transformative impact” at Kris-Tech Wire, where he has served as president since 2014. MACNY’s Manufacturers Wall of Fame recognizes people
Become a Central New York Business Journal subscriber and get immediate access to all of our subscriber-only content and much more.
Click here to purchase a paywall bypass link for this article.
DeWITT, N.Y. — MACNY, The Manufacturers Association says it will induct Graham Brodock, president of Kris-Tech Wire of Rome, into its Manufacturers Wall of Fame.
The organization is recognizing Brodock for his “visionary leadership and transformative impact” at Kris-Tech Wire, where he has served as president since 2014.
MACNY’s Manufacturers Wall of Fame recognizes people who have “demonstrated long-term dedication, outstanding leadership, and significant contributions” to their industries and communities in Central and Upstate New York, the association said in its announcement.
Under Brodock’s guidance, Kris-Tech has evolved from a small regional wire mill to a nationally recognized manufacturer, MACNY said. Brodock’s approach to leadership, which blends culture, employee wellness, and cutting-edge manufacturing practices, has “propelled the company into a new era of growth and success,” per the announcement.
“Graham exemplifies the values of innovation, dedication, and leadership that MACNY seeks to recognize with our Manufacturers Wall of Fame,” Randy Wolken, president and CEO of MACNY, said. “His ability to blend visionary leadership with a deep respect for culture and employee well-being has transformed Kris-Tech Wire into a highly respected leader in the manufacturing sector. His commitment to continuous improvement, both in manufacturing and in people development, is truly inspiring. We are proud to honor him with this prestigious recognition as he continues to make a lasting impact on the manufacturing industry and his community.”
MACNY members and community leaders will honor Brodock at MACNY’s 112th annual Celebration of Manufacturing on May 22 at the SRC Arena & Events Center on the campus of Onondaga Community College in the town of Onondaga.
“Unique” background
MACNY describes Brodock’s journey to leadership in manufacturing as unique. With no formal background in manufacturing or business, he studied art history as an undergraduate and went on to earn a master’s degree in Ancient Greek and Latin from Cambridge University in Cambridge, England.
He later taught high school Latin in Austin, Texas, before pivoting to the manufacturing industry by joining Kris-Tech Wire. His liberal-arts education and “diverse experiences have shaped his distinctive leadership style, emphasizing respect, personal growth, and a commitment to continuous learning,” MACNY said.
Binghamton University to establish AI institute
VESTAL, N.Y. — Binghamton University will establish an Institute for AI and Society, according to BingUNews, the college’s online news outlet. The university is one
Chobani founder to give Utica University commencement address
UTICA, N.Y. — Chobani founder and CEO Hamdi Ulukaya will give the commencement address at Utica University’s undergraduate ceremony on Friday, May 9. Ulukaya will
Stay up-to-date on the companies, people and issues that impact businesses in Syracuse, Central New York and beyond.