Harman gets $1.2 billion contract from Volkswagen
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.