CHICAGO, June 28 /PRNewswire-FirstCall/ -- JBT Corporation (NYSE: JBT) announced today that its JBT AeroTech business has been awarded a contract exceeding $7 million by the United States Navy for ten Halvorsen 25K Loaders. Delivery is scheduled to begin in the fourth quarter of 2010 and continue through the second quarter of 2011.
The Halvorsen 25K Loader is used by the military to load, unload and transport palletized cargo on both military and commercial aircraft. JBT AeroTech has now delivered over 470 Halvorsen 25K Loaders to the United States military and international forces.
"We are very pleased to support the mission critical logistics needs of the U.S. Navy Expeditionary Combat Command through our Halvorsen program," said John Lee, Vice President and Division Manager, JBT AeroTech. "The Halvorsen 25K Loader was designed for rapid deployment and has proven to be very reliable under the most rigorous and demanding of conditions."
JBT Corporation (NYSE: JBT) is a leading global technology solutions provider to the food processing and air transportation industries. JBT Corporation designs, manufactures, tests and services technologically sophisticated systems and products for regional and multi-national industrial food processing customers through its JBT FoodTech segment and for domestic and international air transportation customers through its JBT AeroTech segment. JBT Corporation employs approximately 3,300 people worldwide and operates sales, service, manufacturing and sourcing operations located in over 25 countries. For more information please visit www.jbtcorporation.com or www.jbtaerotech.com.
This release contains forward-looking statements as defined in the Private Securities Litigation Reform Act of 1995. Forward-looking statements are information of a non-historical nature and are subject to risks and uncertainties that are beyond the Company's ability to control. These risks and uncertainties are described under the caption "Risk Factors" in the Company's Annual Report on Form 10-K filed by the Company with the Securities and Exchange Commission that may be accessed on the Company's website. The Company cautions shareholders and prospective investors that actual results may differ materially from those indicated by the forward-looking statements.
SOURCE JBT Corporation