Siemens Energy spinoff approved by large majority of Siemens shareholders » 14:0207/0907/09/20
Siemens said that a large…
Siemens shareholders approve spinoff of Siemens Energy, Bloomberg reports » 09:3007/0907/09/20
Bloomberg reports that…
Bloomberg reports that more than 99% of shareholders approved the motion to create an independent Siemens Energy at a shareholders meeting.
Siemens CEO: Energy spinoff the best way to boost share price, Bloomberg reports » 06:0507/0907/09/20
Siemens CEO Joe Kaeser…
|Over a week ago|
General Electric awarded $101.35M Air Force contract action » 17:2706/3006/30/20
General Electric has been…
General Electric has been awarded $101.35M for an undefinitized contract action under a new firm-fixed-price contract for F-15EX lot one engine production. This action provides for the purchase and delivery of F110-GE-129 engines, including installs and spares and modernized engine monitoring system computers. Work will be performed in Cincinnati, Ohio, and is expected to be completed November 30, 2022. This award is the result of an urgency acquisition. FY20 research, development, test and evaluation funds in the amount of $10.17M and FY20 aircraft procurement funds in the amount of $7.88M are being obligated at the time of award. Air Force Life Cycle Management Center is the contracting activity.
Siemens to adopt Everbridge's CEM Platform » 06:0206/3006/30/20
Everbridge (EVBG) announced that Siemens (SIEGY) will adopt the Everbridge CEM Platform to help protect Siemens' workforce and operations against critical events of all kinds, from the COVID-19 pandemic and political unrest to sudden economic changes and more. The two companies have also formed a technology alliance in which Siemens will share domain know-how, artificial intelligence and machine learning technology to enhance Everbridge capabilities.
Siemens price target raised to EUR 112 from EUR 110 at JPMorgan » 14:0306/2906/29/20
JPMorgan analyst Andreas…
JPMorgan analyst Andreas Willi raised the firm's price target on Siemens to EUR 112 from EUR 110 and keeps an Overweight rating on the shares.
GE Aviation awarded $203M contract from Japan Ministry of Defense » 14:0206/2906/29/20
GE Aviation Distribution…
GE Aviation Distribution Japan said it has been awarded a contract valued at $203M from the Japan Ministry of Defense for CF6-80C2K1F Propulsion Systems to power Japan Air Self-Defense Force C-2 transport aircraft. The contract includes 12 units due for deliveries, starting from late 2021. Reference Link
GE Marine announces contract from Sefine Shipyard » 10:1206/2506/25/20
GE Marine announced it…
GE Marine announced it has received a contract from Sefine Shipyard to provide two LM2500 marine gas turbines to power the Turkish Naval Forces' new Fleet Replenishment Ship. "Known as the DIMDEG project, this new-generation ship will satisfy the fuel, water transport and supply needs of Turkey's surface combatants in the open seas around the world," GE said. Reference Link
Marathon Petroleum names Ehren Powell as SVP, Chief Digital Officer » 09:0206/2506/25/20
Marathon Petroleum (MPC)…
Marathon Petroleum (MPC) announced Ehren Powell will join the company as Senior Vice President, Chief Digital Officer, effective July 20. Powell, who will lead technology strategy across the company's businesses and manage its digital and information technology assets, will report to MPC President and CEO Michael Hennigan. He will be based in San Antonio, Texas. Powell joins MPC from GE Healthcare (GE), where he has served as Corporate Officer and Chief Information Officer since 2018.
Siemens acquires UltraSoC to drive design for silicon lifestyle management » 12:1206/2306/23/20
Siemens has signed an…
Siemens has signed an agreement to acquire Cambridge, UK-based UltraSoC Technologies Ltd., a provider of instrumentation and analytics solutions that put intelligent monitoring, cybersecurity and functional safety capabilities into the core hardware of system-on-chip. Siemens plans to integrate UltraSoC's technology into the Xcelerator portfolio as part of Mentor's Tessent software product suite. "Siemens' acquisition of UltraSoC means that for the first time our customers can access not just design-for-test, but a comprehensive 'Design for Lifecycle Management' solution for system-on-chips, including functional safety, security and optimization," says Brady Benware, Tessent Vice President and General Manager, Siemens Digital Industries Software.