MANITOWOC, Wis.--(BUSINESS WIRE)--Aug. 11, 2017--
The Manitowoc Company, Inc. (NYSE: MTW) commented today that the Company
was awarded a fixed-price with economic price adjustment contract
SPE8EC-17-D-0008 from DLA with a maximum estimated value of $121.9
million for procurement of commercial type cranes. This contract does
not require the agency to order cranes from Manitowoc. The contract is a
multiple award schedule-type contract that allows the services (i.e.
Army, Navy, Air Force, Marine Corps and several federal civilian
agencies) that use these cranes to place future delivery orders under
the contract. The contract is active through August 10, 2022.
This award is not to be confused with the US Army Type II Heavy Crane
award announced on June 18, 2015.
About The Manitowoc Company, Inc.
Founded in 1902, The Manitowoc Company, Inc. is a leading global
manufacturer of cranes and lifting solutions with manufacturing,
distribution, and service facilities in 20 countries. Manitowoc is
recognized as one of the premier innovators and providers of crawler
cranes, tower cranes, and mobile cranes for the heavy construction
industry, which are complemented by a slate of industry-leading
aftermarket product support services. In 2016, Manitowoc’s net sales
totaled $1.6 billion, with over half generated outside the United States.
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Source: The Manitowoc Company, Inc.
The Manitowoc Company, Inc.
Ion M. Warner
VP, Marketing and