FMC Technologies Wins $45 Million U.S. Air Force Contract for Aircraft Ground Support Equipment
FOR IMMEDIATE RELEASE: April 03, 2006
Houston, TX, April 03, 2006 -
FMC Technologies, Inc. (NYSE: FTI) announced today that it has been awarded a contract by the U.S. Air Force for Trailer Mounted Air Conditioners (TMAC). The initial authorized spending is $2.2 million. Delivery of the first two test units is scheduled for 2006. The first 140 production units are expected to be delivered in 2007. The total five-year contract, which includes options for an additional 702 units, is valued at approximately $45 million.
The Trailer Mounted Air Conditioner units will provide pre-conditioned air for use during maintenance, troubleshooting and testing of military cargo aircraft avionic systems and for pre-flight cooling of the aircraft prior to mission deployment. The TMAC unit is designed to cool many of the U.S. Air Force’s cargo planes such as the C-5, C-17 and C-130 aircraft.
“We are pleased to supply the U.S. Air Force’s needs for the Trailer Mounted Air Conditioner program,” said Charles H. Cannon Jr., Senior Vice President, FMC Technologies. “We are building on our success in supplying the Halvorsen loader, tow tractors, and deicing technology to the U.S. Air Force. This new contract supports FMC Technologies leadership in providing proven reliable ground support products, logistics and engineering support services that meet the most rigorous and demanding conditions for the U.S. Air Force.”
FMC Technologies, Inc. (www.fmctechnologies.com) is a global leader providing mission-critical technology solutions for the energy, food processing and air transportation industries. FMC Technologies designs, manufactures and services technologically sophisticated systems and products for its customers through its Energy Systems (comprising Energy Production Systems and Energy Processing Systems), FoodTech and Airport Systems businesses. FMC Technologies employs approximately 10,000 people and operates 32 manufacturing facilities in 17 countries.
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. Forward-looking statements are qualified in their entirety by the cautionary language set forth in the Cautionary Note Regarding Forward-Looking Statements in Management’s Discussion and Analysis of Financial Condition and Results of Operations in the Company's Annual Report on Form 10-K for the year ended December 31, 2005. The Company cautions shareholders and prospective investors that actual results may differ materially from those indicated by the forward-looking statements.