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FMC Technologies (NYSE:FTI) announced today that its Airport
Systems Division has been awarded a contract by the Dallas/Forth Worth
(DFW) International Airport Board to provide various airport services.
The three-year contract total is valued at approximately $38 million
in revenue. Additionally, the contract provides an option to extend
the term for two additional years at approximately $13 million in
revenue per year.
The scope of supply includes the service and maintenance of all
Terminal E gate systems, which include passenger boarding bridges and
related equipment, baggage systems, and the physical facility.
Currently, FMC Technologies provides similar services to DFW Terminal
B and Terminal E under separate contracts. This new contract includes
FMC Technologies' Intelligent Operations Performance System (iOPS(TM))
Technology Package. iOPS(TM) is designed to improve terminal equipment
reliability and efficiency. iOPS(TM) core functions enable a reduction
in aircraft turn-times at the gate and decrease fuel usage and
emissions by improving the efficiency of ground support functions.
"We are pleased that DFW has selected us for this prestigious
contract," said Charles H. Cannon Jr., Senior Vice President, FMC
Technologies. "This new contract demonstrates FMC Technologies' growth
and leadership in providing a wide range of proven, reliable services
to airlines and airports worldwide."
FMC Technologies, Inc. (NYSE:FTI) is a leading global provider of
technology solutions for the energy industry and other industrial
markets. The Company designs, manufactures and services
technologically sophisticated systems and products such as subsea
production and processing systems, surface wellhead systems, high
pressure fluid control equipment, measurement solutions, and marine
loading systems for the oil and gas industry. The Company also
produces food processing equipment for the food industry and
specialized equipment to service the aviation industry. Twice named as
the Most Admired Oil and Gas, Equipment Service Company by FORTUNE
magazine, FMC Technologies employs approximately 11,000 people and
operates 33 manufacturing facilities in 19 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, 2006. The Company
cautions shareholders and prospective investors that actual results
may differ materially from those indicated by the forward-looking
statements.
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