JBT Corporation Announces Order for Halvorsen 25K Loaders

PR Newswire | 27 Mar, 2012
CHICAGO: JBT Corporation announced today that its JBT AeroTech business has been awarded a contract exceeding $5.5 million for Halvorsen 25K Loaders. The Halvorsens will be used to support the C-17A Globemaster III heavy transport aircraft recently acquired under the U.S. Government's Foreign Military Sales program by the Indian Air Force.

The Halvorsen 25K Loader is used to load, unload and transport palletized cargo on both military and commercial aircraft. JBT AeroTech has now delivered over 490 Halvorsen 25K Loaders to the United States military and international forces.

"We are very pleased to support the logistics needs of the Indian Air Force through our Halvorsen program," said John Lee, Vice President and Division Manager, JBT AeroTech. "The Halvorsen 25K Loader was designed for rapid deployment and has proven to be very reliable under the most rigorous and demanding of conditions."

Delivery is scheduled to be completed by the second 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