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Siemens: $295m contract in US, new partnership

( - Siemens Government Technologies (SGT) will provide services and technologies for building modernization and automation under a $295 million IDIQ contract with the US Army Engineering and Support Center.

The contract will increase operational efficiency, safety and security at federal facilities.

The contract is a performance-based Indefinite Delivery/Indefinite Quantity (IDIQ) contract with a five-year period of performance plus two additional option years.

The company has also announced a new partnership with TeamViewer.

Late on Tuesday German remote connectivity software provider TeamViewer announced that it has signed a new partnership with Siemens.

Under the terms of the agreement, TeamViewer will combine the functionality of its enterprise augmented reality platform Frontline with Teamcenter, a product lifecycle management (PLM) software developed by Siemens.

Closing down 1.5% yesterday, the share didn't seem to integrate this news, however.

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