Cargotec receives $385 million order
By Lindsey Anderson06 November 2008
Kalmar RT Center, LLC, part of parent company Cargotec, has received a contract from the US Department of Defense to supply its RT container telehandler for 5 years to the government. The contract was awarded by Tank-Automotive Armament Command in Warren, MI and the total 5-year contract is estimated to be worth $385 million, with initial delivery orders at $125 million.
The Kalmar RT container telehandler is designed to load and unload ISO 20- and 40-foot containers. About 700 of the units have already been delivered to the US Army, Navy and Marines since April 2000.
"We are proud of the critical role that the [RT container telehandler] has and will continue to play in the US Army's forward mobility," said Stan Simpson, president and CEO of Kalmar RT Center.
The units will be produced at a new manufacturing plant in San Antonio, TX, creating new jobs for the area. "We are excited to be bringing a new manufacturing facility and over 200 new jobs to Texas, and proud to continue to be an important partner with the Department of Defense."