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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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October 16, 2014
09:05 EDTGVPGSE Systems announces contract with Specialized Petroleum Technologies
GSE Systems announced that Specialized Petroleum Technologies contracted with GSE to provide training products and services to Kasipkor Holding’s Atyrau Petroleum Education Center in Kazakhstan. The SPT contract is among multiple new projects, with an aggregate value of $17.5M announced by GSE earlier this month. Under the SPT contract, GSE will provide a training program to teach students fundamental sciences, process controls and other oil and gas technologies.

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