PERTH, Australia – Orbital Engine Corp. refinances its Synerject joint venture with Siemens-VDO Automotive Corp. Peter Cook Orbital says the agreement on a restructuring of Synerject removes a potential obligation for it to have to pay Siemens up to $12.5 million. Previously, Orbital was the guarantor of the sum owed to Siemens by Synerject. Siemens is providing $25 million to fund the JV, which manufactures the air injectors and fuel rail assemblies for Orbital's fuel ...
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