FMC Technologies to Provide Baggage Handling System Operation and Maintenance for Miami International Airport.HOUSTON -- FMC Technologies (NYSE NYSE See: New York Stock Exchange :FTI FTI Free thyroxine index, see there ) announced today that its Airport Systems Division has received a notice to proceed from the Miami-Dade Board of County Commissioners to provide maintenance and repairs on automated baggage handling systems at Miami International Airport Miami International Airport (IATA: MIA, ICAO: KMIA, FAA LID: MIA) is a public airport located eight miles (13 km) northwest of the central business district of Miami, in unincorporated Miami-Dade County, Florida, United States. (MIA MIA n. A member of the armed services who is reported missing following a combat mission and whose status as to injury, capture, or death is unknown. [m(issing) i(n) a(ction). ). The three year contract has a revenue value of approximately $25 million. Additionally, the contract provides an option to extend the term for two one-year increments, valued at approximately $6 million per year. The scope of service includes the operation, maintenance and repair of the baggage handling systems and related equipment for Concourse F and the new South Terminal. This is the first maintenance contract for FMC Technologies at MIA. MIA is a major gateway to Latin America and the Caribbean, the largest US airport in terms of international loaded and unloaded freight, and the third largest in terms of international passenger throughput in North America. "We are pleased that Miami-Dade County has chosen FMC Technologies for this contract," said Charles H. Cannon, Jr., Senior Vice President, FMC Technologies. "This new contract demonstrates FMC See fixed mobile convergence. 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 well·head n. 1. The source of a well or stream. 2. A principal source; a fountainhead. 3. The structure built over a well. wellhead Noun 1. 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 The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and 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 Form 10-K A report required by the SEC from exchange-listed companies that provides for annual disclosure of certain financial information. Form 10-K See 10-K. for the year ended December 31, 2006 and may be modified in subsequent quarterly reports 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. |
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