JBT Corporation Wins $15 Million Gate Equipment Order for King Abdul-Aziz International Airport

Jul 18, 2013, 09:45 ET from JBT Corporation

CHICAGO, July 18, 2013 /PRNewswire/ -- JBT Corporation (NYSE: JBT) today announced that its JBT AeroTech business has been awarded contracts in excess of $15 million to supply gate service systems for the King Abdul-Aziz International Airport (KAIA) in Jeddah, Saudi Arabia. The order, placed by the Avicorp Middle East and Almabani General Contractors, includes the supply of new Jetway® Air Handling Units and Pit Distribution Systems.

The Jetway equipment is an integral portion of the new construction project's mission to become an intermodal hub that enhances KAIA as an international gateway to the Jeddah region. 

"We are very pleased to support continued regional growth and economic development through the supply of these gate service systems to the King Abdul-Aziz International Airport," said John Lee, Vice President and Division Manager, JBT AeroTech.

The order for the gate service systems was received in the second quarter, with delivery anticipated to be complete by the fourth quarter of 2013.

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 3,200 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