CHICAGO, June 25 /PRNewswire-FirstCall/ -- JBT Corporation (NYSE: JBT) today announced that its JBT AeroTech business was awarded a contract in excess of $13 million by a large air freight carrier. The contract is for the supply of aircraft cargo loaders and push back tractors to provide ground support for cargo aircraft at locations throughout the U.S. and Europe.
"We are pleased to continue servicing the cargo handling and ground support needs of leading cargo air carriers," said John Lee, Vice President for JBT AeroTech Division. "This order represents a positive indicator that the air freight industry is on the path to recovery."
Equipment delivery is scheduled for the third and fourth quarters of 2010.
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