U.S Navy awards Manitex International $30 - 45 million contract for specialized military equipment Transport and Related Services

Manitex Liftking, a subsidiary of Manitex International, Inc. (MNTX), a dominant worldwide provider of cranes and customized material and container handling equipment has been awarded its third military contract for customized military specification equipment from the US Navy for orders worth around $30 -$45 million over the next five years.

Identical to the earlier orders from the Navy, this lift-truck will need some engineering and custom specifications, and a comprehensive performance testing protocol, consisting EMI and Hi-Shock testing, and the timeline for first supplies is scheduled as either late 2015 or early 2016. Manitex also received firm orders for around $4.7 million, along with the contract, that will be additive to our order book. This recent award from the US Navy adds up the worth of contracts for deliveries in the next five years procured by Manitex Liftking in the last fourteen months for six different truck models with a range of $75 to $125 million in total value.

According to Mark Aldrovandi, Director of Sales for Manitex Liftking - We are delighted to be the preferred supplier to the US Navy for material handling equipment, and aims at delivering the rugged and durable lift-trucks they count on to operate their decisively important logistical assistance and transport activities.

US Navy is among the prominent military organizations globally, and manages very binding and demanding product requirements to assist their functions in the field. We have a very strong level of military business for our Canadian facility, with this third contract award, that will facilitate an initial platform for our development over the next five years. With this key customer our business continues to expand and we targets to the opportunity to contribute to the security, safety, and success of our nation’s and our allies’ servicemen, here and abroad, says, Jeff Cockerton, General Manager for Manitex Liftking.