General Electric Award

General Electric awarded $128 million contract modification for Navy engines

The Navy said Monday that it has given General Electric Co. a $128 million contract modification for engine parts and equipment for fighter jets.

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Titan Machinery Raises

Titan Machinery Inc. (Nasdaq:TITN - News), a leading network of full service agricultural and construction equipment stores, today reported financial results for the third quarter and nine-month period ended October 31, 2008.

For the third quarter of fiscal 2009, revenue increased to $214.0 million from revenue of $132.2 million in the third quarter of the prior year. All three of the Company’s main revenue sources - equipment, parts and service - contributed to this period-over-period revenue growth. Equipment sales were $168.0 million, compared to $103.4 million in the same period last year. Parts sales were $29.8 million in the third quarter, up from $18.4 million in the prior-year period. Revenue generated from service improved to $12.9 million in the quarter, compared to $7.9 million in the third quarter of last year.

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