JBT Corporation Awarded New Airport Services and Maintenance Contract With the City of Houston, Texas
CHICAGO, Jan. 26 /PRNewswire-FirstCall/ -- JBT Corporation (NYSE: JBT) announced today that its JBT AeroTech business has been awarded a new airport services contract with the City of Houston, Texas. The three year contract, with options for an additional two years, is expected to generate in excess of $7.5 million in revenue over the initial three years of the contract.
JBT AeroTech will provide comprehensive gate and baggage handling maintenance services for the equipment that the Houston Airport System owns at George Bush International Airport/Houston (IAH) and at William P. Hobby Airport (HOU). JBT AeroTech will also implement a customized Computerized Maintenance Management System (CMMS) to provide improved maintenance efficiency and reliability.
"We are pleased to expand our presence in Houston through this new contract," said John Lee, Vice President and Division Manager for JBT AeroTech. "With this agreement, the Houston Airport System is partnering with JBT to ensure their airports continue to lead the region in customer satisfaction and operating efficiency."
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 http://www.jbtcorporation.com or http://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 Registration Statement on Form 10 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
CONTACT: Investors, Cindy Shiao, +1-312-861-5931, or Media,
Ken Jones, +1-312-861-6791, both for JBT Corporation