JBT Corporation Announces Two New Airport Services Contracts Totaling Over $11 million
CHICAGO, Dec. 5 /PRNewswire-FirstCall/ -- JBT Corporation (NYSE: JBT) announced today that its JBT AeroTech business has commenced operations for two new airport maintenance services contracts.
The first contract, with a freight services provider, was awarded for a term of five and one half years and is expected to generate in excess of $7 million in revenue over the life of the contract. JBT AeroTech will provide comprehensive facilities maintenance services at a new North American sortation and distribution facility.
The second contract, with a North American headquartered airline, was awarded for a term of three years and is expected to generate in excess of $4 million in revenue over the life of the contract. JBT AeroTech will provide comprehensive gate and baggage handling systems maintenance services for the airline.
"Our Airport Services business continues to grow and we are pleased to extend our presence with these new contracts," said John Lee, Vice President and Division Manager for JBT AeroTech. "Both of these projects will provide our customers with improved equipment uptime, reduced maintenance costs, and state of the art Computerized Maintenance Management Systems to improve operational transparency."
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 3,100 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.
SOURCE JBT Corporation
CONTACT: Investors, Cindy Shiao, +1-312-861-5931, or Media,
Ken Jones, +1-312-861-6791, both for JBT Corporation