JBT Awarded $6 M Engineering Order for Aviation Support Equipment

JBT Corporation (NYSE: JBT) announced today that it has been awarded an engineering contract for over $6 million from the U.S. Navy for mobile power equipment.

"We are very pleased with this ground-breaking award from the U.S. Navy for our mobile aviation support equipment," said Dave Burdakin, President, AeroTech. "This award is further demonstration of our long-standing relationship with the U.S. Navy and our ability to service their needs with state-of-the-art equipment solutions."

The contract is for engineering and prototype design work for a new-generation mobile shipboard power generator equipment for Navy and Marine Corps aircraft to be based on aircraft carriers and amphibious assault ships. In addition to being efficient, economical and environmentally friendly, the Navy's specifications require JBT to meet military standards for equipment built to withstand the effects of shipboard shock and vibration, temperature extremes, humidity and salt spray, and electro-magnetic interference (EMI).

This contract order is a first phase of a larger potential multi-year equipment contract. The order was received in the first quarter of 2015, with delivery on the project expected to be initiated in 2016.

Source: JBT Corporation
Date: Feb 17, 2015