JBT Corporation Awarded $10 Million GSE Order
CHICAGO, Aug. 2, 2012 /PRNewswire/ -- JBT Corporation (NYSE: JBT) today announced that its JBT AeroTech business was awarded orders in excess of $10 million by a large air freight carrier. The contract is for the supply of new aircraft cargo loaders, deicing vehicles and push back tractors, as well as for the refurbishment and upgrade of existing cargo loaders. The new and refurbished GSE will be used to support cargo aircraft throughout their global system.
"We are pleased to continue supporting the cargo handling and ground support needs of the air freight industry," said John Lee, Vice President for JBT AeroTech Division. "This order represents the ongoing commitment of cargo air carriers to invest both in new products and in the upgrade of their GSE fleets to improve operating efficiency."
Delivery of the equipment is scheduled to be completed in the fourth 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 3,200 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
