JBT Corporation (NYSE: JBT) announced that its JBT AeroTech business has been awarded a new airport services and maintenance contract by the Dallas/Fort Worth (DFW) International Airport Board. The base four-year contract is expected to generate in excess of $18 million in revenue over the contract period.
JBT AeroTech will provide comprehensive facility maintenance services including mechanical, electrical, plumbing, structural, and ramp services at DFW Airport Terminal E.
In other news, JBT Corp. announced that its JBT AeroTech business has been awarded a contract by Bahwan Engineering Group (BEC), in excess of $4 million, to supply 30 JetAire pre-conditioned air units for the terminal at the new Muscat International Airport in Oman.
According to a release, BEC is the largest engineering and construction conglomerate in Oman and is currently carrying out the mechanical, electrical and plumbing works at the passenger terminal building, infrastructure and utilities for the new Muscat International Airport.
The order was received in the first quarter of 2012 with installation of the gate equipment expected to be completed by the fourth quarter of 2013.
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
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