Top 10 Defense Contractors by Contract Value in 1993
The Defense Department’s top contractors by fiscal 1993 contract value feature McDonnell Douglas at 76 billion, Lockheed Martin at 69 billion, Martin Marietta at 47 billion, General Motors Hughes at 41 billion, and Raytheon at 3.2 billion, with Northrop and Grumman counts reflecting later mergers. United Technologies at 31 billion, General Dynamics at 21 billion, Loral at 17 billion, and Grumman at 17 billion.
MENTIONED IN THIS ARTICLE
Defense Department
Northrop
Grumman Lockheed
Martin Marletta
McDonnell Douglas
Lockheed
General Motors Hughes
Raytheon
United Technologies
General Dynamics
Loral
Grumman
Pentagon questions merger raises antitrust concerns
The proposed 10 billion stock swap merger of Lockheed and Martin Marietta faces serious antitrust questions. Deputy Defense Secretary Deutch and Senate antitrust leaders press for thorough review as the deal would create the world’s largest space and defense firm with 116 billion in contracts last year.
MENTIONED IN THIS ARTICLE
Pentagon
Lockheed Corp
Martin Marietta Corp
Defense
John Deutch
Senate
Len Howard Metzenbaum
Antitrust
Anne Bingaman
Federal Trade Commission
Janet Steiger Metzenbaum
Ohio
Deutch
Chinton
Martin Marietta and Lockheed Plant Workforce Split in New York
Martin Marietta Corp operates two Central New York plants with about 4,000 workers. Electronics Park in Salina employs 2,800, while Utica hosts around 1,200, focusing on underseas combat systems radar and ship referee systems at Salina. Utica plant concentrates on airborne radar and aviation electronic systems.
MENTIONED IN THIS ARTICLE
Martin Marietta Corp
New York
Electronics Park
Salina
Utica
Lockheed Corp
Martin Marietta
De Julios Army & Navy Store Keeps Central NY Tradition
De Julios Army and Navy Store at 666 Burnet Ave in Central New York, opened in 1929 by third generation owners from a grandfather cobbler. With five employees, brothers Pick and Dan DeJulio emphasize hands on customer service, staying sharp against competition, and sticking to basics without fashion items. They plan to continue on the same flight plan.
MENTIONED IN THIS ARTICLE
Pick DeJulio
Mulder
P&c
New York
Wegman’s
DeWitt
Fayetteville Mall
Analysts see slower growth delay further Fed rate hikes
Analysts foresee the July Index of Leading Economic Indicators edging down slightly, signaling slower 1994 growth. Economists warn the economy has lost steam but is not collapsing, with the Fed expected to stay on hold until late year to assess tighter credit effects. The Chamber survey shows business confidence dropping amid rate increases. New home sales rose 8.3 percent in July, while May and June revisions raised rates, though June remained a 15 month low.
MENTIONED IN THIS ARTICLE
Stephen S Roach
Morgan Stanley & Co
New York
Federal Reserve
P&C reveals expanded superstore concept with new services
In Fairmount, the P&C chain unveils a prototype 70,000 square foot market featuring a restaurant, expanded takeout, video rental, dry cleaners and a bank. Video King will operate inside the store, with Marine Midland hosting the bank. The design emphasizes open access to staff and new departments as Wegmans looms. Center Armory adds Armory Jewelers by fall, while local tips are welcomed.
MENTIONED IN THIS ARTICLE
P&c
Fulton
Dry Cleaners
Bank
Video
Video King
Video King, Which Has A Store Across West Genesee Street
Fairmount
Jim Ward
Video Kine
Solvay Bank appoints two executives in Syracuse area
Solvay Bank announces two recent hirings at its Milton Ave branch, naming Guy F. Dutlan as vice president and trust department manager and Robin Ceporsi as commercial loan officer. Also noted are various local business moves and recognitions across Syracuse area firms and nonprofits.
MENTIONED IN THIS ARTICLE
Solvay Bank
Milton Ava
Solvay
Guy F. Dutlan Joned
Vce
Manger
Robin Ceporsi
FCC probes wireless auction and bids integrity
Federal regulators opened a probe into the July airwaves auction after allegations of misconduct by bidders on interactive licenses. Commercial Realty of St Pete Inc and Interactive America of California were named, with questions about payment, ownership, and minority or female ownership claims to gain bidding preferences.
MENTIONED IN THIS ARTICLE
Federal Communications Commission
Commission
FCC
William Kennard
Commercial Realty
St Pete Inc
Florida
Interactive America
California
Kennard
Election year drives tax cuts across several states
A Center for the Study of States report shows 21 states reduced taxes with average net revenue up 5.4 percent April through June. Arizona Georgia New Jersey New Mexico and New York led cuts, largely affecting business taxes, while election campaigns and governor races framed many measures.
MENTIONED IN THIS ARTICLE
Alaska
Albany
Steve Gold
New York
Guy Mario Cuomo
New Jersey
Also Mentioned on This Page
Uere
Lockheed-Martin Marietta
The
Associated Press
Cme EL
de Julio's
Army & Navy
Burnet Ave
Brothers Fick and
Dan de Julio
Central
DeJulios
CW McKeen
Clan J.mycopre
Rick Dejulio
Dedulio
Burnet Avenue
Syracuse
Robert Dederickh
Northern Trust Co
Chicago
Commerce Department
Fed
Martin Regalia
US Chamber of Commerce
Chamber of Commerce
P&cs
Fairmount Fair
Camilus
Theirport Plaza N Clay
Tyler
Bill Watson
Marine Midland
Sue Hosey
Hosey
Mark
Christina Rotondo
Center Armory
Armory Jewelers
Fine New Center Armory
Armory Square
Christina
Bob Niedt
Van
Éall
Jack Bixby
Sutor Acoustics
PAC
Kema Communications Inc
O'd
Collamer Road
East
Phoenix Central Schools
Beacon Federal Credit Union of
Raymour & Flanigan
Wallwork Broa
Boscer Electric and
Afton
Gentral Schools
Capozzi
Northeast Construction
General Contractors
New York State
Caralys Kuklingtt
Warren Woltven
Liverpool
Mage Marramine
Erle Blvd
Sheve
Sasa
Company
Susan Royal
Herald- Journal Business Desk
Sulian
Herald-Journal
New England
Jamne Ag
Massachusetts
New Hampshire
Rhode Island
Vermont
Mid Atlantic
Delaware
Maryland
Pennsylvania
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