JBT Corporation Wins Gate Equipment Order for Major Middle East Airports

Date : 12/06/2012 @ 9:45AM
Source : PR Newswire (US)
Stock : John Bean Technologies Corp. (JBT)
Quote : 94.75  -0.75 (-0.79%) @ 10:45AM
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JBT Corporation Wins Gate Equipment Order for Major Middle East Airports

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JBT Corporation Wins Gate Equipment Order for Major Middle East Airports

CHICAGO, Dec. 6, 2012 /PRNewswire/ -- JBT Corporation (NYSE: JBT) today announced that its JBT AeroTech business has received notification of contract award and an authorization to commence work on a project exceeding $20 million for the Sultanate of Oman Ministry of Transport and Communications.  The order includes the supply of forty Jetway® passenger boarding bridges for the new terminal at Muscat International Airport and eight Jetway® passenger boarding bridges for the new terminal at Salalah Airport.

The Jetway® boarding bridges will support the airport development projects in both Muscat and Salalah, Oman to meet the continued growth in international and regional air travel and tourism.  Both projects' design includes additional future opportunities for expansion when required by growth and demand.

"We are very pleased to be a part of these important regional development programs through the building of new airport terminals in the Sultanate of Oman," said John Lee, Vice President and Division Manager, JBT AeroTech.

JBT AeroTech received notification in the third quarter of 2012 and anticipates installation of the gate equipment to be completed in the second quarter of 2014.

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

Copyright 2012 PR Newswire

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