JLG Industries, Inc. announced that the Company has been awarded a $23.7 million contract from the Department of the Army for refurbishment of All-Terrain Lifter Army System ("ATLAS") vehicles and SkyTrakŪ Model 6000M vehicles, the predecessor to the ATLAS product. JLG has performed refurbishment work for the Army since August 2004, generating approximately $51 million of revenue since that time. This contract is a continuation of that work and will span approximately 12 months.
This new contract builds upon the partnership between the U.S. Army and JLG and reflects the trust and confidence the Army have in the company and their programs. JLG has refurbished more than 450 vehicles for the U.S. Army that are used in places like Iraq and Afghanistan. In fact, SkyTrak(r) Model 6000M vehicles were used during Operation Desert Storm. The fact that these vehicles are still in use today is a tribute to the effectiveness of the Army's reset program and to the quality of work performed by JLG. The company are proud to support the U.S. military and look forward to continuing this relationship in the years ahead.
Sergyi Way
05.12.2006