May 31, 2013 / 5:40 AM / 7 years ago

South Korea's Samsung Techwin wins $537 million order from General Electric

SEOUL (Reuters) - Samsung Techwin Co Ltd (012450.KS) said on Friday it had won a 605.1 billion won ($536.7 million) order to produce low pressure turbine modules for General Electric Co (GE.N) gas turbine engines.

The South Korean engine manufacturer said in a regulatory filing the modules will be manufactured under an exclusive license, and the contract is expected to expire by end-2018.

($1 = 1127.4500 Korean won)

Reporting by Joyce Lee; editing by Miral Fahmy

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