South Korea's Samsung Techwin wins $537 million order from General Electric


Samsung Techwin Co Ltd <012450.KS> said on Friday it had won a 605.1 billion won ($536.7 million) order to produce low pressure turbine modules for General Electric Co gas turbine engines.

The South Korean engine manufacturer said in a regulatory filing the modules will be manufactured under an exclusive license, and the contract is expected to expire by end-2018.

Continue Reading Below

($1 = 1127.4500 Korean won)

(Reporting by Joyce Lee; editing by Miral Fahmy)