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GE's Power Conversion unit reportedly will announce $600M worth of contracts to supply...

GE's Power Conversion unit reportedly will announce $600M worth of contracts to supply propulsion, dynamic positioning, vessel automation and drilling systems under Brazil's ambitious rig-building program. The contracts are for the supply of propulsion systems on 22 ultra-deepwater rigs being built for Sete Brasil, the entity that will own the units and charter them to Petrobras (PBR).
Comments (2)
  • Does this help dry up any of the mud within which GE was proposed (by foolish bears) to be mired?
    3 Apr 2013, 12:00 PM Reply Like
  • lets hope so... GE will be a 50$ stock again... Glad i loaded up in the teens.

     

    just keep adding the billions to the backlog boys!
    3 Apr 2013, 02:21 PM Reply Like
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