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Old 02-13-2019, 03:17 AM
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SALINA, N.Y. — The U.S. Navy has awarded Lockheed Martin Corp. (NYSE: LMT) a $184 million contract to continue providing electronic-warfare systems.

They’re officially known as surface electronic warfare improvement program (SEWIP) block 2 systems, the Bethesda, Maryland–based defense contractor said in a news release.

The firm’s plant in the town of Salina handles the production work on the systems.

SEWIP is a program to upgrade the existing AN/SLQ-32(V) electronic-warfare system. SEWIP block 2 will expand upon the receiver/antenna group necessary to keep capabilities current with the pace of the threat and to yield improved system integration.

Under this full-rate production contract, Lockheed Martin will continue providing and upgrading the AN/SLQ-32 systems on U.S. aircraft carriers, cruisers, destroyers and other warships with key capabilities that determine if the electronic sensors of potential foes are tracking the ship.

“We are honored to continue to provide this critical fleet defense capability that our warfighters rely on while they perform their mission worldwide,” Joe Ottaviano, director of the integrated electronic-warfare program for Lockheed Martin’s rotary and mission systems business unit, said in the release. “Threats are changing and evolving faster with advanced technologies and the SEWIP system will give the U.S. Navy the advantage of remaining one step ahead of our adversaries.”

The U.S. Navy awarded the company an initial $148.9 million contract for production of SEWIP block 2 systems in 2016 with four additional option years to upgrade the fleet’s electronic-warfare capabilities so the Navy can respond to evolving threats.

Lockheed Martin has provided the U.S. Navy with SEWIP block 2 development, production and engineering services since 2009. It has been “delivering and supporting the installation” of SEWIP block 2 systems as the Navy upgrades electronic-warfare defenses against anti-ship missile threats fleet wide, the firm added.

Additionally, Lockheed is performing AN/SLQ-32(V)6 design agent engineering services at the “Electronic Warfare Center of Excellence” in the Salina facility, Lockheed Martin said.

Source: https://www.cnybj.com/us-navy-awards...rfare-systems/
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Old 02-13-2019, 11:28 AM
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After a hit with 23 million downloads, Syracuse game studio shoots for next level: https://www.syracuse.com/business/20...ext-level.html

Lake Effect Applications | Exceptional Mobile Experiences for Core Gamers

Last edited by ckhthankgod; 02-13-2019 at 11:40 AM..
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Old 02-18-2019, 09:42 AM
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This company moved from Cicero to Schroeppel(Phoenix SD) in Oswego County: https://www.ejco.com/am/en/index
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Old 02-18-2019, 09:53 AM
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This jewelry company was located in Fulton, but has recently moved to Oswego: Home - Default

Mayor Barlow Announces LeRoi, Inc re-locating to Oswego with 50 jobs | Oswego New York
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Old 02-18-2019, 09:56 AM
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Originally Posted by ckhthankgod View Post
More: Mayor Barlow announces $100k grant for expansion of Northland Filter, adding 50 jobs* | Oswego New York
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Old 02-19-2019, 12:15 PM
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Is located on Burnet Avenue in the city: https://www.hy-grademetal.com/

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Old 02-20-2019, 01:19 PM
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SYRACUSE, N.Y. — Carrols Restaurant Group, Inc. (NASDAQ:TAST) has agreed to acquire 166 Burger King and 55 Popeyes restaurants in 10 Southeastern and Southern states in merger with a Tennessee franchisee.

Syracuse–based Carrols, the largest Burger King franchisee in the U.S., is merging with Memphis, Tennessee–based Cambridge Franchise Holdings, LLC, Carrols said in a news release.

In addition to its “strong” restaurant portfolio in these “attractive geographies,” Cambridge has an “established track record” of developing both new Burger King and new Popeyes restaurants that Carrols believes will benefit its stockholders and “broaden its capital allocation and growth opportunities,” per the release.

Dan Accordino, chairman and CEO of Carrols Restaurant Group, called it a “transformational transaction” for the company.

“It further strengthens our position in the Burger King system and provides us the opportunity to continue executing our Burger King acquisition and expansion strategy. Cambridge also brings a strong, growing second brand in Popeyes to Carrols’ portfolio, and they have demonstrated strong returns on new restaurant development in their geographies. We look forward to partnering with them as we work to improve returns for our stockholders through additional, diversified alternatives for future growth and effective capital allocation,” Accordino said.

Carrols had 849 restaurants as of Dec. 30, 2018 and has operated Burger King restaurants since 1976.

About Cambridge

Cambridge Franchise Holdings was founded in 2014 when Matt Perelman and Alex Sloane partnered with Ray Meeks to grow his 23-unit Burger King business. Since 2014, Meeks, Perelman, and Sloane have grown Cambridge to include 166 Burger King restaurants and 55 Popeyes eateries throughout the Southeast.

Perelman and Sloane are co-managing partners of Garnett Station Partners (GSP), an investment firm focused on retail and consumer companies. Garnett Station Partners has offices in Bartlett, Tennessee and New York City, per its website.

Merger deal

The transaction will structured as a tax-free merger. Cambridge, which is controlled by Garnett Station Partners and owned by some large family office investors, will receive about 7.36 million shares of Carrols common stock, and at closing will own about 16.6 percent of Carrols’ outstanding common shares. The transaction doesn’t include a cash component.

As part of the deal, Cambridge will have the right to designate up to two director nominees and Perelman and Sloane will join the Carrols board of directors upon completion of the merger.

Carrols believes that Cambridge will provide it with a “platform and relationships to grow” within the Popeyes brand. Cambridge has already built a Popeyes business with 55 restaurants in Kentucky, Louisiana, Mississippi, and Tennessee and has additional “growth opportunities” through both acquisitions and new restaurant development. As part of the transaction, Carrols will assume Cambridge’s existing development agreement with Popeyes, which provides for an acquisition right-of-first-refusal in Tennessee and Kentucky and the development of about 70 new Popeyes restaurants over the next six years.

“We are excited about the opportunity to grow with Popeyes which is a strong brand,” Accordino said. “As a second, complementary brand to our considerable Burger King holdings, it provides Carrols with another avenue for growth including new restaurant development given Cambridge’s development pipeline, and expansion through the opportunity to acquire additional Popeye’s restaurants in the future. Adding Popeyes to our restaurant portfolio also offers diversification to our commodities exposure and geographic footprint.”

Source: https://www.cnybj.com/carrols-to-acq...ee-franchisee/
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Old 02-27-2019, 06:49 AM
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A Baldwinsville based company: https://rmsresults.com/
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Old 03-06-2019, 02:13 PM
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CICERO, N.Y. — The U.S. Army has awarded SRCTec, LLC a $20 million contract for updates to systems that protect soldiers against electronic-warfare (EW) threats.

Under the pact, SRCTec will work to “deliver reliability, maintainability, and improvement (RMI) kits to update the AN/VLQ-12 countermeasures set,” per a company news release.

“The AN/VLQ-12 Counter Remote Controlled Improvised Explosive Device (RCIED) Electronic Warfare (CREW) Duke system is a vehicle-mounted, lightweight system that neutralizes RCIED threats and gives U.S. troops a tactical advantage across the full spectrum of operations,” as described on the website of SRC Inc. Cicero–based SRCTec is the for-profit subsidiary of nonprofit SRC Inc., the former Syracuse Research Corporation.

“We are proud to continue our support of the U.S. Army by providing updates to keep these critical systems ahead of the threat,” Mary Pat Hartnett, president of SRCTec, said in the release. “The updated systems will continue to protect warfighters from EW threats.”

SRCTec also said it is “growing and looking to fill multiple positions” over the next year. Those positions include quality engineers, test engineers, reliability engineers, manufacturing engineers and manufacturing-program managers, per its release. SRC has also been running numerous TV ads lately, seeking applicants.

Source: https://www.cnybj.com/us-army-awards...llar-contract/
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Old 03-07-2019, 07:25 PM
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Based in the Armory Square district of Downtown Syracuse: https://weareadjacent.com
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