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updated: 5/31/2013 9:51 AM

Manitex awarded $37 million Navy contract

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Bridgeview-based Manitex International said its Manitex Liftking subsidiary has been awarded a five year design and build contract to supply the U.S. Navy with highly specialized and configured rough terrain straight mast forklift equipment.

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The contract consists of the initial delivery of multiple units valued at approximately $22 million, with the option for an additional $15 million worth of follow-on orders. Initial orders under the contract with a value of approximately $5 million have been received and are slated for completion in the second half of 2014.

"This contract was secured in a competitive bid situation and underscores our 30 years of experience in designing and manufacturing specialized material handling equipment to meet the unique requirements of militaries around the world," said Mark Aldrovandi, director of sales for Manitex Liftking. "The Manitex Liftking product has been utilized globally in the most rigorous of environments and we are excited with this newly awarded contract that again allows us to support the U.S. Navy, providing a solution to their challenging global operational activities."

Under the contract, Liftking will design, test and supply two equipment variants, with five and ten ton capacity, that are air transportable and can ford various depths of water, and absorb up to 50G simulated shock wave forces, among other unique features. This advanced functionality is designed to enable the Navy to safely and expeditiously move a variety of equipment and material, supporting troops and operational activities in remote arenas.

"We are proud of our ability to support the U.S. Navy and other major military organizations, globally. Our reputation and expertise in design, manufacture and support of this specialist equipment is a critical factor in our customers' decision making process, and is also a key element of our strategic direction," said Jeff Cockerton, general manager for Manitex Liftking. "These new products will provide additional depth to our military portfolio and extend the scope of our product offering to global military operations."

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