Stay up-to-date on the companies, people and issues that impact businesses in Syracuse, Central New York and beyond.
34 people graduate at Syracuse Surge workforce event
ONONDAGA, N.Y. — Syracuse Surge is the city’s “strategy for inclusive growth in the new economy, which strives to ignite economic growth and neighborhood transformation in Syracuse and Central New York.” The most recent Syracuse Surge workforce programming included 34 participants in three programs, according to a Dec. 18 CenterState CEO release. CenterState CEO and […]
Micron reports $1.2 billion net loss in latest quarter
Micron Technology, Inc. (NASDAQ: MU) on Dec. 20 reported a net loss of $1.23 billion, or $1.12 a share, during the first quarter of its fiscal year 2024, which ended Nov. 30. The figures compare to a net loss of $195 million, or 18 cents per share, during the same period in its fiscal year
N.Y. manufacturing index slides into negative territory in December
The Empire State Manufacturing Survey general business-conditions index fell 24 points to -14.5 in December, pointing to a decline in the sector, according to the latest monthly report from the Federal Reserve Bank of New York. The index had gained 14 points to 9.1 in November, its highest reading since April, after declining 7 points
BAE picked for propulsion system on U.S. Army truck prototypes
ENDICOTT, N.Y. — A Pennsylvania manufacturer has chosen BAE Systems to provide its alternative-propulsion product for common tactical truck (CTT) prototype vehicles that the U.S Army is testing. BAE Systems supplied its Gen3 propulsion and accessories power-management systems to Mack Defense of Allentown, Pennsylvania for integration on the truck variants to sharply cut fuel demand,
SRC appoints director of multi-domain electronic warfare
CICERO, N.Y. — SRC, Inc. recently announced it has promoted Victor Vanderberg to director of multi-domain electronic warfare (EW). In this role, Vanderberg will work with a team of engineers and specialists throughout the lifecycle of unmanned-system payload design, development, integration and demonstration efforts, according to an SRC news release. He will also engage with
Lockheed Martin Owego wins nearly $133M Navy contract modification
OWEGO, N.Y. — Lockheed Martin Corp. (NYSE: LMT) in Owego was recently awarded an up to $132.8 million modification to an order against a previously issued basic ordering agreement from the U.S. Navy. This contract modification adds scope to provide non-recurring engineering and add/delete efforts in support of bringing eight MH-60R Seahawk helicopters from a
ANDRO lands $15 million SBIR contract for U.S. Army work
ROME, N.Y. — ANDRO Computational Solutions, LLC has won a $15 million contract to design and build an electronic signal-detection unit for the U.S. Army.
Rome Health readies for construction of new ICU
ROME, N.Y. — With $3 million in American Rescue Plan Act (ARPA) funding in hand, Rome Health will close the James Street entrance, effective Jan.
North Country, Mohawk Valley REDCs win funding in challenge competition
“New York’s REDC Challenge Competition is just one of the ways that our state is empowering local leaders to transform their communities and unlock their
SRC promotes Hines to director of SRCTec and DS&T Finance
CICERO, N.Y. — SRC, Inc. announced it has promoted Andrea Hines to director of SRCTec and Defense Systems and Technologies (DS&T) Finance. In her new
Stay up-to-date on the companies, people and issues that impact businesses in Syracuse, Central New York and beyond.