General Electric (GE) Receives Multiple Contracts, Shares Rise Zacks.com 3 hrs ago
General Electric Company’s GE unit, GE Renewable Energy, yesterday announced that it received Cypress onshore wind turbines supply contract from BIM Wind JSC. The contract is the company’s largest deal in southeast Asia for Cypress turbines.
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On the same day, GE Power Conversion received a modernization contract for Bochum hot rolling mill owned by thyssenkrupp Steel.
In addition to the contracts, General Electric yesterday hinted that its cash generation in the second quarter of 2021 will be better than the year-ago quarter.
It is worth noting here that the company’s shares gained 7.09% yesterday, ending the trading session at $14.35.
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FARMINGDALE, N.Y., May 17, 2021 /PRNewswire/ Telephonics Corporation, a wholly owned subsidiary of Griffon Corporation (NYSE: GFF), announced today that its Mode 5 Operationally Autonomous Surveillance System (M5OAS) successfully completed all Department of Defense (DoD) AIMS 1201, 1202 and 1203 testing and received platform level certification. The certification testing took place at Wallops Island, Virginia, and Farmingdale, New York and included sensor validation of the company s AN/UPX-44A active Identification Friend or Foe (IFF) system and AN/UPR-4(V) 6-channel Passive Detection & Reporting System (PDRS) with results showing both systems meet the requirements of DoD AIMS 17-1000 and exceed operational expectations. During the week-long testing, the PDRS consistently exceeded the maximum range required by passively detecting targets at over 200 nautical miles. The initial M5OAS system has been fully deployed in an operational theatre and additional systems have been deli
/PRNewswire/ Telephonics Corporation, a wholly owned subsidiary of Griffon Corporation (NYSE: GFF), announced that it successfully completed a demonstration.
Operator
Greetings, and welcome to Griffon Corporation s Second Quarter 2021 Earnings Conference Call. [Operator Instructions] [Operator Instructions]
I would now like to turn the conference over to your host, Brian Harris. Thank you. You may begin.
Brian G. Harris
Senior Vice President and Chief Financial Officer
Hey, Gerard. Good afternoon, everyone. With me on the call is Ron Kramer, our Chairman and Chief Executive Officer. [Operator Instructions] As in the past, our comments will include forward-looking statements about the Company s performance based on our views of Griffon s businesses and the environments in which they operate. Such statements are subject to inherent risks and uncertainties that can change as the world changes. Please see the cautionary statements in today s press release and our various Securities and Exchange Commission filings. Finally, from today s remarks will adjust for those items that affect comparability between reporting periods. These items
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