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Law, Accounting & Taxes

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SRCTec awarded U.S. Army contract modification for AN/TPQ-50 radar systems

CICERO, N.Y. — SRCTec LLC recently won a $99.95 million modification to a U.S. Army contract to procure AN/TPQ-50 exportable radar systems, spares, and repair parts.  Work locations and funding will be determined with each order, with an estimated completion date of Jan. 30, 2028, according to a Sept. 28 contract announcement from the U.S.

SUNY uses sustainability bonds to raise $113M for its residency-hall program

ALBANY, N.Y. — SUNY says the Dormitory Authority of the State of New York (DASNY) raised $113 million to support SUNY’s residence-hall program. DASNY raised the funding through its first-ever issuance of sustainability bonds, per a Sept. 13 announcement. The authority issued SUNY dormitory facilities revenue bonds with a sustainability designation. SUNY will use proceeds

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