Hardide Inks Supply Agreement with General Electric
03 March 2014 - 8:06PM
Dow Jones News
LONDON--Hardide PLC (HDD.LN), a provider of advanced surface
coating technology, announced on Monday that it has entered into a
strategic supply agreement with General Electric Company Inc.
(GE).
MAIN FACTS:
-The agreement is for the supply of coating to a single
component currently used by GE resulting in guaranteed turnover
volume to the company of $1.3 million over the 2 years to February
2016
-Agreement is extendable up to five years
-Shares at 0835 GMT up 18% at 0.03 pence valuing the company at
GBP17.5 million.
Write to Jana Weigand at jana.weigand@wsj.com
Subscribe to WSJ: http://online.wsj.com?mod=djnwires
GE Aerospace (NYSE:GE)
Historical Stock Chart
From Sep 2024 to Oct 2024
GE Aerospace (NYSE:GE)
Historical Stock Chart
From Oct 2023 to Oct 2024