HOUSTON, March 7 /CNW/ - 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
"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
For further information:
For further information: FMC Technologies, Houston Investors: Maryann
Seaman, 281-591-4080 or Media: Bruce Bullock, 281-591-4429