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Siemens CEO Cites ‘Unusual Forces’ at Play for Iraqi Mega Order

  • Kaeser says lobbying by U.S. for contract skews competition
  • Siemens, GE are waging corporate warfare for $15 billion deal
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"There have been unusual forces, obviously affecting the level playing field," Kaeser says.(Source: Bloomberg)

After an early charm offensive toward President Donald Trump, Siemens AG Chief Executive Officer Joe Kaeser is now taking a swipe.

The head of Europe’s biggest engineering company on Thursday turned critical of the administration’s “America First” policy, saying apparent political pressure on Iraq to choose General Electric Co. for a $15 billion power plant order is skewing competition. Siemens is also vying for the contract, and had signaled optimism to clinch the deal.