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| Share Name | Share Symbol | Market | Type |
|---|---|---|---|
| ABB Ltd | NYSE:ABB | NYSE | Common Stock |
| Price Change | % Change | Share Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 37.13 | 0 | 01:00:00 |
From Apr 2019 to Apr 2024
By Cecilia Butini
ABB Ltd. said Monday that it has won a contract to supply an advanced power system for Damen Shipyards Group's newest diamond recovery vessel.
The Swiss engineering company said the vessel, which is currently under construction on the Black Sea in Romania, will be delivered in 2022 to Debmarine Namibia, a joint venture between the government of Namibia and diamond company De Beers Group.
The financial details of the deal weren't disclosed, according to ABB.
The vessel, which will deploy a subsea technique to recover diamonds from the seabed, will reach a total cost of $468 million and become the largest and most technologically-advanced diamond recovery vessel, ABB said.
Write to Cecilia Butini at cecilia.butini@wsj.com
(END) Dow Jones Newswires
July 13, 2020 05:35 ET (09:35 GMT)
Copyright (c) 2020 Dow Jones & Company, Inc.
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