JBT Corporation Wins $7 Million Gate Equipment Order for Major U.S. Airport
CHICAGO, Nov. 16, 2011 /PRNewswire/ -- JBT Corporation (NYSE: JBT) today announced that its JBT AeroTech® business has been awarded a contract in excess of $7 million to supply gate equipment for the Cincinnati/Northern Kentucky International Airport (CVG). The contract, placed by The Quandel Group, Inc. includes the supply of ten refurbished Jetway® passenger boarding bridges, sixteen JetAire® air handling units, and other site-related refurbishment work.
JBT AeroTech's gate equipment is part of the overall $31 million Terminal 3 Consolidation/Concourse 'A' Reactivation Project intended to modernize the existing facilities and position the airport for future growth.
"We are pleased to partner with CVG in its efforts to enhance the traveling experience for its passengers and airline partners," said John Lee, Vice President and Division Manager, JBT AeroTech.
JBT anticipates installation of the gate equipment to be completed by the third quarter of 2012.
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