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Article: KHD Humboldt Wedag International Ltd. Adjusts Contracts at Risk.
- Article from:
- Telecommunications Weekly
- Article date:
- November 11, 2009
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KHD Humboldt Wedag International Ltd. (NYSE:KHD) announced that it has decided to remove approximately $100 million in contracts at risk from backlog and order intake.
KHD has completed a full analysis and review of all of its contracts at risk and as a result, KHD has decided to eliminate the category of "contracts at risk". KHD undertook this analysis of all of the contracts in this category and determined that the contracts either would not be proceeding, in which case the contracts were officially cancelled and removed from the order backlog, or would be proceeding, either as originally proposed or with a change of scope, in which case the contracts remained ...