CHICAGO, June 20, 2011 /PRNewswire via COMTEX/ --
JBT Corporation (NYSE: JBT) announced today that its JBT AeroTech business has been awarded a new airport services contract with the Metropolitan Washington Airports Authority (MWAA) at Washington Dulles International Airport. The base two-year contract includes options for three additional years and, assuming exercise of each of the option years, is expected to generate in excess of $10.5 million in revenue over the five-year period.
JBT AeroTech will both operate and provide comprehensive maintenance services and support for the baggage handling systems that MWAA owns at Dulles.
"We are pleased to expand our relationship with the Metropolitan Washington Airports Authority through this new airport services contract," said John Lee, Vice President and Division Manager for JBT AeroTech. "This contract is a demonstration of the ongoing customer satisfaction with JBT's airport services and support offering."
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