JBT Corporation Awarded $6 Million Engineering Order for Aviation Support Equipment
CHICAGO, Feb. 17, 2015 /PRNewswire/ -- JBT Corporation (NYSE: JBT) announced today that it has been awarded an engineering contract for over $6 million from the U.S. Navy for mobile power equipment.
"We are very pleased with this ground-breaking award from the U.S. Navy for our mobile aviation support equipment," said Dave Burdakin, President, AeroTech. "This award is further demonstration of our long-standing relationship with the U.S. Navy and our ability to service their needs with state-of-the-art equipment solutions."
The contract is for engineering and prototype design work for a new-generation mobile shipboard power generator equipment for Navy and Marine Corps aircraft to be based on aircraft carriers and amphibious assault ships. In addition to being efficient, economical and environmentally friendly, the Navy's specifications require JBT to meet military standards for equipment built to withstand the effects of shipboard shock and vibration, temperature extremes, humidity and salt spray, and electro-magnetic interference (EMI).
This contract order is a first phase of a larger potential multi-year equipment contract. The order was received in the first quarter of 2015, with delivery on the project expected to be initiated in 2016.
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 FoodTech segment and for domestic and international air transportation customers through its AeroTech segment. JBT Corporation employs approximately 3,500 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.
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SOURCE JBT Corporation