Stay up-to-date on the companies, people and issues that impact businesses in Syracuse, Central New York and beyond.
Cryomech set to be acquired by Finland firm it knows well
DeWITT — Cryomech in DeWitt has done a lot of work with Bluefors of Helsinki, Finland and will soon become part of the company. Cryomech, a cryocooler technology and manufacturing company, is located at 6682 Moore Road in DeWitt. Bluefors is a manufacturer of cryogenic measurement systems. “We have a long history of working together […]
Lockheed Martin’s Syracuse–area plant wins $32 million Navy contract modification
SALINA — Lockheed Martin Corp.’s (NYSE: LMT) facility in suburban Syracuse recently won a $32 million modification to a previously awarded contract from the U.S. Navy for design and qualification testing of submarine electronic-warfare equipment. Work on this cost-plus incentive-fee contract adjustment will be performed in Lockheed’s Salina plant and is expected to be completed
Barton & Loguidice acquires JTM Associates of Bridgeport
SALINA, N.Y. — Barton & Loguidice (B&L) says it has acquired JTM Associates, LLC (JTM) of Bridgeport, effective March 6. The firm’s announcement didn’t include
Construction work begins on glycol-recycling facility at Syracuse airport
SYRACUSE, N.Y. — The Syracuse Regional Airport Authority (SRAA) and Aéro Mag on Monday announced the beginning of construction on a new glycol recycling facility
Greater Utica Chamber honors Keida as Businessperson of the Year
UTICA, N.Y. — Jennifer Keida, president and CEO of Standard, Heating, Cooling & Insulating, is the Greater Utica Chamber of Commerce 2023 Businessperson of the
PAR reports nearly 26 percent revenue rise in 2022
NEW HARTFORD, N.Y. — PAR Technology Corp. (NYSE: PAR) says it closed out 2022 with increased revenue that helped the company reduce its losses and end the year ahead of its 2021 performance. For the full-year 2022, the company reported revenue of $355.8 million, up 25.8 percent from $282.9 million in 2021. PAR posted a
New York egg production rises more than 2 percent in January
New York farms produced 149.9 million eggs in January, up 2.25 percent from 146.6 million eggs in the year-prior month, the USDA’s National Agricultural Statistics Service (NASS) reported. The number of layers in the Empire State averaged 5.73 million in the first month of this year, off 0.3 percent from nearly 5.75 million in the
Clarkson professors awarded 3-year project with Micron
POTSDAM, N.Y. — Micron Technology, Inc. (NASDAQ: MU) has awarded a project to two Clarkson University professors that seeks to drive an industrywide shift toward sustainability in chemical mechanical planarization (CMP) consumable manufacturing. Clarkson University Jihoon Seo, assistant professor of chemical & biomolecular engineering and Alan Rossner, associate director for education, are the instructors involved,
Crews finish flood-resiliency projects in Fair Haven
FAIR HAVEN, N.Y. — Crews have completed of a series of flood-resiliency projects in the village of Fair Haven in Cayuga County. The village was awarded $3.7 million to complete four projects through New York State’s Resiliency and Economic Development Initiative (REDI). These REDI-funded projects will help mitigate the impact of future high-water events and
Sennett Meadows Senior Apartments constructed using green-building practices
SENNETT, N.Y. — Construction on the Sennett Meadows Senior Apartments, a new $15 million housing development in Cayuga County is now complete. It includes 60 energy-efficient homes for New Yorkers aged 55 and older, including 18 with supportive services for seniors and veterans with physical disabilities, the office of Gov. Kathy Hochul announced March 2
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