GE May Get Iraq Work After White House Cites U.S. War Deaths: Report [Investor's Business Daily]
General Electric Company (GE)
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Source: Investors Business Daily
Related news General Electric ( GE ) may nab a "substantial share" of a $15 billion Iraqi power deal that rival Siemens ( SIEGY ) looked poised to get, after the Trump administration intervened, according to the Financial Times. GE stock rallied on the news. X The U.S. pressured Iraq in favor of GE , saying 7,000 Americans had died since the 2003 invasion to overthrow Saddam Hussein, sources told the FT. The Defense Department has tallied 4,410 military deaths and 13 civilian deaths since 2003 from Operation Iraqi Freedom. "The U.S. government is holding a gun to our head," an Iraqi advisor told the FT. Siemens was reported to be "closing in" on the multibillion-dollar contract to improve Iraq's electricity supply , with a decision pending. The German industrial giant hoped to sell 11 gigawatts (GW) of power generation equipment to Iraq. It appeared close to winning the contract, bragging in September that its CEO met with the Iraqi prime minister to discuss a strategic r
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