JBT Corporation Awarded $5+ Million Military Equipment Orders for Servicing U.S.-Designed Fighter Aircraft
CHICAGO, Sept. 5, 2014 /PRNewswire/ -- JBT Corporation (NYSE: JBT) announced today that the Company has been awarded related contracts from a U.S. based customer with a combined value exceeding $5 million to supply compressed air, air conditioning and electrical power carts designed to service the environmental control systems and avionics of fighter aircraft. The order also includes a service and parts package for ongoing maintenance support of the equipment.
The equipment order combines JBT AeroTech's technical expertise in aircraft-related air conditioning systems and the generation of suitable electrical ground power.
"The military sector is a continuing opportunity and important area of focus for JBT," noted Dave Burdakin, President, JBT AeroTech. "While there are similarities and design overlap with our commercial products, each military order presents unique engineering challenges that allow us to significantly expand our technical leadership in the conditioned air and power markets."
JBT anticipates shipping the equipment starting late 2014.
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 3,400 people worldwide and operates sales, service, manufacturing and sourcing operations located in over 25 countries. For more information please visit www.jbtcorporation.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