GSE Systems, Inc. (NYSE: GVP) said it has received a $9.1 million change order from a customer in Slovakia with which GSE is contracted to provide a full-scope simulator for a two unit reactor plant.
Work on the simulator project was suspended in May 2012 due to regulatory changes in Slovakia requiring the customer to redesign certain aspects of the actual power plant.
The order covers additional services associated with revisions to the design of the main plant, costs related to changes in control room hardware due to the redesign of the main plant, new work related to certain other building modifications, and costs incurred by GSE associated with the project’s delay. The customer also withdrew all outstanding claims for project delays it made against GSE.
