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GE signs agreement to build turbines, medical equipment in Russia
NEW YORK (AP) ' General Electric says it has secured two separate deals in Russia that could generate up to $15 billion in sales.
GE announced Friday that the agreements focus on the energy and health care industries. The energy deal allows GE to manufacture and sell natural gas turbines in the country. The health care deal clears GE to make and sell high-tech medical diagnostic equipment.
The products will be built in Russia, with GE running the operation. GE will start building a plant for its turbine operation later this year.
Shares of the Fairfield, Conn., company fell 13 cents to $15.95 in premarket trading.