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Stock Market & Financial Investment News

News Breaks
December 27, 2012
10:11 EDTGVPGSE Systems receives $9.1M change order from Slovakian customer
GSE Systems announced that it has received a $9.1M change order from a customer in Slovakia with which GSE is contracted to provide a full-scope simulator for a two unit reactor plant. As previously announced, work on the simulator project was suspended in May due to regulatory changes in Slovakia requiring the customer to redesign certain aspects of the actual power plant. The $9.1M change order covers additional services associated with revisions to the design of the main plant, costs related to changes in control room hardware due to the redesign of the main plant, new work related to certain other building modifications, and costs incurred by GSE associated with the project's delay. The customer also withdrew all outstanding claims for project delays it made against GSE.
News For GVP From The Last 14 Days
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December 16, 2014
09:01 EDTGVPGSE Systems signs 3-year agreement with LPG supplier for engineering services
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December 3, 2014
15:54 EDTGVPJay Gottlieb lowers passive stake in GSE Systems to 4.64% from 5.88%
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