defense spending

10:28pm

Thu December 12, 2013
The Upstate Economy

Drum numbers likely dropping – but no cause for alarm

The 10th Mountain Division's Headquarters in the field during the division-wide Mountain Peak training exercise at Fort Drum, August, 2012.
Credit Joanna Richards

The Watertown area’s economy is heavily dependent on Fort Drum. With the federal budget sequester on and the Afghanistan war winding down, the numbers of soldiers assigned to the post and civilians working there is likely to decrease. But the outlook is more complicated than just doom and gloom.

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11:18am

Thu November 14, 2013
The Upstate Economy

Syracuse-area site safe from Lockheed Martin plant closures

Lockheed Martin via Flickr

The Lockheed Martin factory in suburban Syracuse was not on the list of factories the defense contractor announced Thursday it will close in efforts to reduce costs.

Workers in central New York could, though, be affected by the 3.5 percent workforce reduction the company also announced, which will equal about 4,000 jobs nationwide. The details of those layoffs will be finalized early next year, the company said in a release.

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7:32am

Thu November 7, 2013
The Upstate Economy

145 workers let go at Lockheed Martin sites in upstate New York

Lockheed Martin via Flickr

Another 80 employees at Lockheed Martin's factory in suburban Syracuse, N.Y. and 65 in Owego, N.Y. have been told they're out of a job in the second round of the layoffs to hit the sites this year.

The plan to reduce the workforce in the defense contractor's Mission Systems and Training unit was announced on Oct. 16. In all, 587 workers lost their job in the unit nationwide.

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5:25am

Tue March 12, 2013
The Upstate Economy

Investment pledge is "glimmer of hope" for Remington workers

More than 1,200 people work at Remington Arms in Ilion, N.Y.
Ryan Delaney WRVO

A pledge of new investment from its parent company and news of a newly secured military contract have workers at Remington Arms a little more optimistic their jobs will be staying in upstate New York.

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4:49pm

Mon January 14, 2013
Politics and Government

Schumer may play key role in Hagel nomination

New York's Senator Charles Schumer is emerging as a key player in the controversial nomination of Chuck Hagel to be the Obama administration's next defense secretary.

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9:45am

Mon August 13, 2012
Politics and Government

Could sequestration hurt local economy?

There is a deadline looming in Washington, D.C. that many politicians are worried could have an effect on the economy -- including some local politicians who are worried it might hurt upstate New York in particular.  

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