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Manufacturing & Engineering
Lockheed to cut 4,000 jobs and close four plants, but not Syracuse-area site
Lockheed Martin Corp. (NYSE: LMT) announced today that it will close four plants across the U.S., cutting 4,000 jobs, by mid-2015, in response to continued
Anaren to go private with $381 million sale to Veritas
DeWITT — Anaren, Inc. (NASDAQ: ANEN) will become a private company with its planned sale to a New York City private-equity firm, and Anaren leaders say that will offer the technology firm some competitive advantages. Veritas Capital, an affiliate of Veritas Capital Fund IV, L.P., is acquiring DeWitt–based Anaren in a cash transaction worth about
Hardinge profit declines 63 percent in third quarter
ELMIRA — Hardinge, Inc. (NASDAQ: HDNG), an international manufacturer of advanced metal-cutting tools, reported that its profit fell 63 percent in the third quarter as acquisitions couldn’t offset declining internal sales. The Elmira–based manufacturer, which generates three-fourths of its sales outside North America, posted net income of $1.5 million, or 13 cents a share, in
Lockheed Martin lays off 80 in Salina, 65 in Owego
Defense contractor Lockheed Martin Corp. (NYSE: LMT) on Wednesday announced plans to lay off 80 employees from its site in Salina and 65 employees from its location
Ephesus Lighting installs LED system at URI’s Ryan Center
SYRACUSE — Ephesus Lighting, Inc. of Syracuse today announced it installed a new LED (light-emitting diode) lighting system at the Thomas M. Ryan Center in
Private-equity firm Veritas Capital to acquire Anaren for about $381M
DeWITT — Veritas Capital, an affiliate of the New York City–based Veritas Capital Fund IV, L.P., is acquiring Anaren, Inc. (NASDAQ: ANEN) of DeWitt in
Lockheed Martin: operations in Salina will continue ‘for at least the next year’
SALINA — Lockheed Martin Corp. (NYSE: LMT) says it “will not consider” any plans that would impact the future of its site in Salina “for
PAR Technology Q3 profit, sales decline
NEW HARTFORD — PAR Technology Corp. (NYSE: PAR) today announced net income of $445,000, or 3 cents per diluted share, during the third quarter that
Electronic devices cause overuse injuries, Rome therapist says
ROME — Today’s workers, especially the young, often seem tethered to smartphones, tablets, and laptops. When combined with use of video-gaming devices at home this can cause overuse injuries such as tendonitis, carpal tunnel syndrome, bursitis, an area health-care professional says. Michelle Madore, an occupational therapist at Chestnut Commons Physical Therapy & Rehabilitation Center in
Delta Engineers maps out growth plans
ENDWELL — Over the past five years, Delta Engineers, Architects & Land Surveyors, P.C. has expanded its staff, added new technology, and is looking to continue its expansion efforts into new markets nationally as well as overseas. The firm has grown from 35 to 120 employees, says Anthony Paniccia, president and CEO of Delta.
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