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Raymond Corporation, Toyota Material Handling to integrate
GREENE, N.Y. — The Raymond Corporation, which Toyota Material Handling acquired in 2001, will fully integrate with Toyota into one company under the name Toyota Material Handling North American (TMHNA) effective April 1, the companies recently announced. “We’re combining into one functional corporate organization,” says Michael Field, current president and CEO of Raymond. The company, […]
Albany NanoTech to use $825M for R&D in national semiconductor tech center
ALBANY, N.Y. — Albany NanoTech is the first flagship facility of the National Semiconductor Technology Center (NSTC). It follows a final agreement between NY CREATES, Natcast, and the U.S. Department of Commerce. The pact means $825 million in federal research and development (R&D) investment from Schumer’s CHIPS & Science Law, the office of U.S. Senate
New CEO now leading CXtec after Belyea retirement
SYRACUSE, N.Y. — CXtec is now operating under new leadership following the retirement of CEO Peter Belyea at the end of 2024 after having served as CEO since 2016. Belyea had worked for CXtec for more than 35 years. The company on Jan. 14 announced the appointment of Todd Zegers as its top executive. Zegers,
Lockheed Salina plant wins $118M Air Force contract modification
SALINA, N.Y. — The Lockheed Martin, Rotary and Missions Systems plant in suburban Syracuse has been awarded a $118.4 million modification to a previously awarded U.S. Air Force contract for Three-Dimensional Expeditionary Long-Range Radar. The modification brings the total cumulative face value of the contract to more than $471.5 million, according to a Jan. 17
Lockheed Martin Owego wins nearly $19M Navy order
OWEGO, N.Y. — Lockheed Martin Rotary and Mission Systems in Owego was recently awarded an almost $19 million cost-plus-fixed-fee delivery order against a previously issued basic ordering agreement from the U.S. Navy. This order procures the delivery of two initial structural modification kits for the MH-60S Seahawk helicopters, and it will provide the non-recurring engineering
Digital Hyve co-founders, Weitsman launch new AI venture
SKANEATELES, N.Y. — Arcovo AI, which is described as an artificial intelligence (AI)-automation agency, has launched operations with the backing of three area entrepreneurs. The new venture is “dedicated to leveling the playing field for local and regional businesses by providing advanced workflow AI automation solutions tailored to their unique needs to help them save
Corning Inc. to invest $315 million in North Country facility
CANTON, N.Y. — Corning Inc. (NYSE: GLW) will invest up to $315 million in its Canton facility, including equipment, and create up to 130 new
Binghamton U academic to research application of thin polymer films with grant
BINGHAMTON — Binghamton University and the University at Buffalo recently received a $517,969 grant from the National Science Foundation (NSF) to support research into a manufacturing technique for producing thin polymer films essential to the microelectronics, health care, and energy industries. According to an online article in BingUNews on the college’s news website, researchers will
ANDRO adds new senior contracts manager
ROME — ANDRO Computational Solutions, LLC recently appointed U.S. Air Force veteran and Rome native Chris Yager as senior contracts manager for the firm’s research and engineering services division. Yager’s government-contracting experience includes areas related to global Air Force logistics and aircraft maintenance. After starting his military career in mechanics working on fighter and attack
CXtec names new CEO following Belyea retirement
SYRACUSE, N.Y. — CXtec has named a new CEO following the retirement of Peter Belyea, who had been with the company for more than 35 years and served as CEO from 2016-2024. The company has announced the appointment of Todd Zegers as the firm’s top official. Zegers, who joins CXtec with more than two decades
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