Stay up-to-date on the companies, people and issues that impact businesses in Syracuse, Central New York and beyond.
Wolfspeed signs $750M preliminary funding agreement under CHIPS & Science Law
MARCY, N.Y. — Wolfspeed (NYSE: WOLF), which operates a chip fab in Marcy, has signed a non-binding preliminary memorandum of terms (PMT) for up to
Empire State manufacturing survey plunges into negative territory in October
The Empire State Manufacturing Survey general business-conditions index plummeted 23 points to -11.9 in October, pointing to current contraction in the state’s manufacturing industry. The
NSF grant connects SUNY Oswego School of Business, faculty at similar universities
OSWEGO, N.Y. — SUNY Oswego says a grant from the U.S. National Science Foundation will help collaborations between its School of Business and College of
Lockheed Martin Salina wins nearly $12M contract modification for Navy equipment
SALINA — The Lockheed Martin Corp. (NYSE: LMT) plant in suburban Syracuse was recently awarded an almost $11.7 million modification to a previously awarded contract to exercise an option for U.S. Navy equipment. Work will be performed at Lockheed’s facility in the town of Salina (70 percent), and at its plant Oldsmar, Florida (30 percent).
Black River Systems wins $16M U.S. Air Force tech contract
ROME — Black River Systems Co. Inc. was recently awarded a $16.3 million cost-plus-fixed-fee contract from the U.S. Air Force for future architecture for national
Byrne Innovation Center focuses on R&D for Byrne Dairy
DeWITT — The Byrne Innovation Center, a new research and development (R&D) facility, has been part of the operations at Byrne Dairy, Inc. for about a month. The company formally opened the center on Sept. 11. Located next door to Byrne’s flagship plant in DeWitt, the Byrne Innovation Center houses new product development, shelf-life testing,
TTM wins $30M in federal funding for DeWitt expansion project
DeWITT — The U.S. Department of Defense has awarded TTM Technologies Inc. (NASDAQ: TTMI) $30 million for its expansion project at its site in DeWitt. The U.S. Department of Defense awarded the funding that comes from the Defense Production Act Title III program, U.S. Senate Majority Leader Charles Schumer (D–N.Y.) announced Oct. 1. TTM will
Past Genius NY winner, Oswego County company collaborate on drone manufacturing
SCHROEPPEL, N.Y. — Blueflite, a provider of advanced drone-logistics products, has announced a strategic partnership with Think Variant, a firm described as a “high-precision manufacturing specialist,” to scale up production of its drones. Think Variant is based in southern Oswego County. Blueflite was the 2023 winner of the Genius NY competition at the Tech Garden
New York governor launches first phase of Empire AI
BUFFALO, N.Y. — Gov. Kathy Hochul of Friday announced that New York’s “first-in-the-nation,” Empire AI consortium will begin research this fall. “New York is writing
MACNY, PEB observe MFG Day with education tours at local plants
DeWITT, N.Y. — School students who toured Worthington Steel in Rome on Oct. 3 saw the entire process of making steel coils from raw material
Stay up-to-date on the companies, people and issues that impact businesses in Syracuse, Central New York and beyond.