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May 28, 2014
17:31 EDTNPOEnPro reports deal to supply engine-generator sets to Electricite de France
Disclosed in a regulatory filing, Fairbanks Morse Engine, an EnPro Industries company, has been selected with consortium partner, Westinghouse France, to supply 23 3.5 MWe opposed-piston, diesel engine-generator sets to Electricite de France, EDF, for emergency back-up power at 20 of EDF’s nuclear power plants in France. Terms of the contract call for Fairbanks Morse to supply one 12-cylinder opposed-piston engine-generator set rated at 3.5 MWe for each of 20 of EDF’s nuclear reactors at eight sites in France, as well as two spare diesel generator sets and one model set. Delivery of the first units is expected in 2016 with the remaining units delivered before the end of 2018. Fairbanks Morse estimates that revenues to it under the contract to be approximately EUR89.2M, which are anticipated to be recognized over time under the percentage of completion method.
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March 20, 2015
08:03 EDTNPOEnPro outlook still attractive, says Oppenheimer
Following EnPro's Analyst Day, Oppenheimer thinks the company's long-term outlook remains attractive, despite negative foreign exchange effects and weakness in its energy business. The firm significantly lowered its estimates after the company provided revenue guidance. However, it keeps a $92 price target and Outperform rating on the shares.

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