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Harman gets $1.2 billion contract from Volkswagen

Mon, 12/06/2010 - 2:06pm
The Associated Press

High-end speaker and headphone maker Harman International Industries Inc. said Monday it received a six-year, $1.2 billion contract from automaker Volkswagen AG to provide multimedia systems for its newest cars.

The systems will include navigation, Internet access, a DVD drive and audio turner among other features.

Volkswagen's brands include Audi, Bentley, Lamborghini, Porsche, Seat, Skoda and Volkswagen.

Shares of Harman climbed 55 cents to $47.95 in after-hours trading.

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