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SIEMENS (SIEGY) Stock News, Dec 2020-Feb 2021

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Siemens Government Technologies (SGT) has secured a contract worth up to $21 million from the U.S. Army for electronic security maintenance supporting Space Force operations on Florida’s Space Coast. This task is part of the Army Corps of Engineers’ UMCS V contracting vehicle. SGT's team boasts over 49 years of experience in fire and electronic security for military operations. The company is recognized for its role in managing building automation and security systems, aiming to enhance operational safety and efficiency at critical launch sites including Cape Canaveral and Kennedy Space Center.

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Siemens announced that the U.S. Air Force has chosen Teamcenter® software as its foundational system for digital acquisition and sustainment strategy. This decision follows a $24.6 million contract awarded to Siemens in 2019 for support and maintenance. Teamcenter, part of the Xcelerator™ portfolio, enhances data integration across the Department of Defense, enabling timely access to critical information. Siemens Government Technologies aims to leverage its expertise in digital engineering for better operational efficiency within defense.

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The Siemens Foundation has appointed Juan Cantu and Denise Quarles to its Board of Directors. Cantu, a Certified Energy Manager, leads national operations for Siemens Smart Infrastructure and has a strong background in enhancing energy efficiency and workforce training in STEM. Quarles, with experience in public policy and sustainability, aims to connect diverse communities with STEM opportunities. The Siemens Foundation has invested over $130 million in workforce development and education initiatives to promote equity in STEM careers.

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Siemens Government Technologies (SGT) has been named one of the NVTC's 100 most innovative technology companies in 2020. SGT's President and CEO, Tina Dolph, was recognized as a NVTC Tech 100 Executive. The NVTC Tech 100 celebrates notable contributions in the Greater Washington area's tech sector. SGT has played a crucial role in addressing government technology needs, including converting a convention center to a medical facility during COVID-19 and assisting the Air Force and Navy with digital data management.

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FAQ

What is the current stock price of SIEMENS (SIEGY)?

SIEMENS (SIEGY) last closed at $152.65.

What is the market cap of SIEMENS (SIEGY)?

The market cap of SIEMENS (SIEGY) is approximately $239.1B.