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Saab wins Navy contract of more than $173M
DeWITT, N.Y. — Saab Inc. in DeWitt was recently awarded a nearly $173.2 million contract from the U.S. Navy for the procurement of production, test, and delivery of the MK-39 Mod 3 Expandable Mobile Anti-Submarine Warfare Training Target (or EMATT) and engineering services. The firm-fixed-price, cost-plus-fixed-fee, and cost-reimbursement provisions include options that if exercised, will […]
Lockheed Martin boosts quarterly dividend for Q4
The Lockheed Martin Corp. (NYSE: LMT) board of directors has authorized a fourth-quarter, 2022 dividend of $3 per share, up 7.1 percent from the $2.80 a share that the defense contractor paid in the third quarter of this year. The new dividend is payable on Dec. 30, to holders of record as of the close
C&S taps Wenham to lead national aviation practice
SALINA, N.Y. — The C&S Companies announced it has selected Matthew Wenham to lead the firm’s national aviation practice. The aviation team includes 120 people in 15 offices providing full-service aviation consulting including planning, sustainability, design, construction management, and residential sound attenuation. Michael Hotaling, who previously led the C&S national aviation practice, has transitioned into
Schumer wants to eliminate Chinese semiconductor chips from all U.S. supply chains
DeWITT, N.Y. — U.S. Senate Majority Leader Charles Schumer (D–N.Y.) on Tuesday said he wants to limit the use of semiconductor chips made in China,
Canadian manufacturing company plans to add jobs at Binghamton plant
BINGHAMTON, N.Y. — A new deal for a Canadian company with a manufacturing facility in Binghamton will lead to new jobs in the Southern Tier.
Le Moyne College opens Keenan Center for Entrepreneurship, Innovation and Creativity
SYRACUSE, N.Y. — Le Moyne College has formally opened the Keenan Center for Entrepreneurship, Innovation and Creativity, which is part of the Madden School of
Three Syracuse startups and one from Binghamton are among the 12 finalists in FuzeHub’s upcoming commercialization competition, set for the Buffalo Niagara Convention Center on
BAE Systems to provide electric-drive products for transit buses in Southern California
ENDICOTT, N.Y. — BAE Systems, which manufactures heavy-duty electric propulsion systems, will provide El Dorado National (California)(ENC) with its Gen3 product line for its next-generation,
Caggiano returns to VIP Structures’ IT department
SYRACUSE, N.Y. — VIP Structures recently announced that Michelle Caggiano has returned to the company’s enterprise-wide IT department. She will help expand the company’s IT Support Group, and help “keep VIP at the leading edge of technology implementation,” the Syracuse–based design-build firm said in a news release. VIP Structures is a more than 45-year-old firm
Lockheed Martin’s suburban Syracuse plant wins $22 million Navy contract modification
SALINA, N.Y. — The Lockheed Martin Rotary and Mission Systems unit in the town of Salina was recently awarded a $22.1 million modification to a previously won contract from the U.S. Navy. The firm-fixed-price contract modification is to exercise options for Advanced Off-Board Electronic Warfare System Low Rate Initial Production units, according to a Sept.
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