PMFG (PMFG -6.1%) slips today, despite announcing earlier that it's been awarded a $4.1M...

|By:, SA News Editor

PMFG (PMFG -6.1%) slips today, despite announcing earlier that it's been awarded a $4.1M contract for separation equipment to be used in LNG applications in the U.S. Gulf Coast region. The project consists of multiple units of its proprietary Ultra filter/separators to be used in compressor station protection and gas liquefaction. The company plans to recognized the revenue in FY13 and FY14.