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General Electric Inks $11.4 Mln Deal with Taiwan Power Company - Shares Down 2%

By: MT Newswires
Posted: 12/18/2012 10:50:00 AM
Referenced Stocks: GE

General Electric ( GE ) is down 2.0% after signing a five-year, full-service agreement with Taiwan Power Company covering 26 GE 1.5-megawatt class wind turbines operating throughout Taiwan. Per the agreement, valued at nearly $11.4 million, GE will provide a full scope of services including planned and unplanned maintenance, repairs and spare parts. The agreement guarantees fleet availability of greater than 95%.

GE is trading at $21.50 in a 52-week range of $16.79 - $23.18. Shares have increased 26% in the last 12 months.