July 8, 2011
JBT Corporation Wins $26M Gate Equipment Order for Major U.S. Airport
CHICAGO, July 8, 2011 /PRNewswire/ -- JBT Corporation (NYSE: JBT) today announced that its JBT AeroTech business has been awarded a $26 million contract to supply gate equipment for the Tom Bradley International Terminal (TBIT) Expansion Project currently under construction at the Los Angeles International Airport. The contract, placed by Walsh Austin Joint Venture, includes the supply of 37 new JetwayÃ® passenger boarding bridges, JetAireÃ® air handling units, JetpowerÃ® ground power units and other ancillary products.
The TBIT modernization project includes over one million square feet of new building area, including concessions, expanded federal inspection, customs and border protection facilities and enlarged passenger areas sized to accommodate the increased capacity of new-generation aircraft. Eight new passenger gates and ancillary equipment will be integrated during phase I, seven of which will utilize a three boarding bridge configuration to enable servicing of an Airbus A380 aircraft's three decks. Phase II of the project includes work for seven additional gates, one in an A380 three boarding bridge configuration. Both phases include the product integration into the airport equipment monitoring systems.
The order was received in the second quarter of 2011 with the concourse project scheduled to be fully operational in 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