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Tag Archives: steam turbine

Curtiss-Wright Wraps Up $212M Dresser-Rand Govt Business Acquisition

Curtiss-Wright (NYSE: CW) has closed its $212.5 million cash acquisition of the Dresser-Rand government business from Siemens in a move to expand aftermarket support for the U.S. Navy and footprint on the service branch’s nuclear ships. Dresser-Rand will mainly focus its sales efforts on the naval defense market and will now operate as part of …

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Curtiss-Wright to Purchase Siemens’ Dresser-Rand Govt Business for $212M

Curtiss-Wright (NYSE: CW) has agreed to buy Siemens’ Dresser-Rand government business through a $212.5 million cash transaction. Curtiss-Wright said Tuesday it will operate Dresser-Rand as part of its power segment and expects to close the acquisition in April, subject to regulatory approval and other customary closing conditions. “The acquisition of Dresser-Rand’s …

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GE Lands $1B Gas Turbine Production Contract With Saudi Electricity; Mohammed Mohaisen Comments

General Electric (NYSE: GE) has secured a potential $1 billion contract from Saudi Electricity Co. to engineer and build four gas turbines for SEC’s combined cycle power plant in Saudi Arabia. GE said Thursday it will also construct a steam turbine at its New York facility, provide turbine-related services and …

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