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Broadwind announced an order from a new wind turbine OEM customer valued at approximately $5 million. With this order, Broadwind now supplies three global wind turbine manufacturers and has secured nearly 70% of its full-year 2020 production capacity.
Broadwind Energy reached an agreement to acquire Red Wolf Company, a fabricator and assembler of industrial systems for the gas turbine market, for an undisclosed amount. The transaction is expected to close on February 1, 2017, and Broadwind plans to maintain Red Wolf's operations in Sanford, North Carolina.