ATLANTA (AP) -- A unit of German industrial conglomerate Siemens AG said on Tuesday it will provide power metering equipment and services for a U.S. Navy project.
The project includes Siemens U.S. unit Siemens Industry Inc. and Chantilly, Va.-based American Systems. The companies will provide and install electrical meters and monitoring software throughout the Navy's southwest region. It's being paid for with stimulus money, Siemens said. The company didn't say how much the contract was worth.
American Systems is an employee-owned company with about 1,300 workers nationwide. It provides systems engineering, technical and managed services to government customers.
Siemens American depositary shares rose 61 cents to $97.08 in afternoon trading Tuesday.
