U.S. expected to grant Huawei 90-day license extension Monday: sources

Huawei | November 18, 2019

The Trump administration is set to issue a 90-day extension of a license on Monday allowing U.S. companies to continue doing business with China’s Huawei Technologies Co Ltd [HWT.UL], two sources familiar with the deliberations said. Reuters reported Friday that an initial extension of around two weeks was expected and a longer extension was in the works, but had not yet been finalized due to regulatory hurdles. Over the weekend, the Trump administration’s plans changed and it now plans to renew the temporary extension for the same 90-day period as it did in August, the sources said.

Spotlight

The U.S. government is the largest company in the world. The federal government signs over 11 million contracts a year. Companies are winning and are awarded new contracts daily. There are 4 basic contract types: fixed price, time and materials, cost plus, and indefinite quantity/indefinite delivery (IDIQ).

Spotlight

The U.S. government is the largest company in the world. The federal government signs over 11 million contracts a year. Companies are winning and are awarded new contracts daily. There are 4 basic contract types: fixed price, time and materials, cost plus, and indefinite quantity/indefinite delivery (IDIQ).

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Ankura | March 17, 2022

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