CHICAGO, Dec. 20, 2010 /PRNewswire via COMTEX/ --
JBT Corporation (NYSE: JBT) announced today that its JBT AeroTech business was awarded additional production units for the United States Navy Large Land-based Air Conditioner (LBAC) program. This order includes 40 units and support equipment valued at over $7 million, bringing the total contracted number of units to 180. Deliveries are expected throughout 2011-2012.
The LBAC units are used for on-ground operations and maintenance support of C-130, C-40, C-9, P-8 and P-3 military aircraft. JBT AeroTech's Jetway Systems business unit has delivered over 30 LBAC units around the world.
"We are very pleased with the performance of LBAC and the confidence that the Navy has shown in JBT Corporation by exercising these additional option units," said John Lee, Vice President and Division Manager, JBT AeroTech.
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 orwww.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