Gas turbines – Siemens Energy and General Electric end litigation – economy

The US conglomerate General Electric (GE) and Siemens Energy have settled a lawsuit over gas turbines. The two companies announced late Thursday evening that they had agreed on a settlement. Details were initially not known. General Electric (GE) filed a lawsuit against the manufacturer of power plant turbines in January for allegedly gaining a competitive advantage over GE against at least one major order from a US regional supplier. Siemens Energy may have brought in further orders. The company had been leaked confidential documents from an employee of Dominion Energy, thanks to which Siemens could easily outperform GE in the struggle for a major order.