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Manufacturing & Engineering

Lockheed Martin’s suburban Syracuse plant wins more than $73 million Navy order

SALINA, N.Y. — Lockheed Martin Corp.’s (NYSE: LMT) facility just north of Syracuse has recently been awarded a $73.1 million contract order for the procurement of submarine-modernization kits, equipment, and installation. Work on the cost-plus-incentive-fee delivery order will be performed in the town of Salina and is expected to be completed by August 2025, according

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N.Y. manufacturing index plunges back into negative territory

The benchmark index measuring manufacturing activity in New York state returned to negative territory in May. The Empire State Manufacturing Survey’s general business-conditions index plummeted 43 points in the fifth month of the year to -31.8 as business activity “declined significantly,” according to a May 15 report from the Federal Reserve Bank of New York.

Feldmeier moves forward with 3rd-generation leadership

DeWITT, N.Y. — The grandson of company founder Robert Feldmeier, Sr. and nephew of most recent president and CEO Robert Feldmeier is now leading the company. Feldmeier Equipment Inc. has announced the appointment of Colby Clark as its next president and CEO.  Feldmeier Equipment is a DeWitt–based stainless-steel processing equipment manufacturer. Besides the CEO role,

Saab announces new board member

Saab, Inc., which operates two facilities in DeWitt, announced that Mary D. Petryszyn has recently been elected to its board of directors. Petryszyn recently retired as a corporate VP at Northrop Grumman Corp. She was the first president of its Defense Systems Sector, where she oversaw operational execution, financial performance, and strategy development across a

Hochul announces the 13th round of the regional economic-development council initiative

ALBANY, N.Y. — New York State has started the 13th round of the regional economic development council (REDC) initiative. This round includes core capital grant

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