GE Aerospace (GE)

[swanlinbar]

GE Snatches $15 Bln Iraq Contract from Siemens -FT
4:15 am ET October 17, 2018 (Dow Jones) Print
--The Iraqi government will give a $15 billion power-generation contract to General Electric, rather than to rival bidder Siemens AG, the FT reports, citing unnamed sources.

--Media reports suggested that Siemens was close to securing the contract in recent weeks, but the Trump administration put pressure on Baghdad to award the contract to a U.S. company, the FT says.

Full story: https://on.ft.com/2yjC0Qs

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(END) Dow Jones Newswires

October 17, 2018 04:15 ET (08:15 GMT)

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