JLG Lands $40M Military Contract
The manufacturer of aerial work platforms and telescopic material handlers said in a released statement that it will build 280 extendable boom forklifts (EBFL) for the Marine Corps. The contract has a value of $40 million and an August 2012 production end date.
“With increasing frequency, the U.S. military is looking to JLG Industries for the technical expertise that provides solutions to their equipment challenges,” said Denny Buterbaugh, vice president of government products and programs at JLG. “We are proud of the military’s confidence in our ability to deliver equipment that meets their high standards for reliability and productivity.”
Also known as Millennia Military Vehicles (MMVs), EBFLs reach into trucks or shipping containers, lift loads over obstacles and pick up loads from both above and below grade. The four-wheel drive, rubber-tired forklift is medium lift capable, with an optimum lifting range of 4,000 to 11,000 pounds. In addition, the EBFL provides three steering modes, two-wheel, four-wheel and crab steering, to provide maneuverability in tight spaces.
Last week’s order for EBFLs is the fifth military order for specialty vehicles placed with JLG in 2010. Those orders have a total value of $186.7 million and also include 803 telescopic forklifts (ATLAS II) for the U.S. Army and 64 engine installation and removal vehicles (EIRVs) for U.S. Navy.
JLG spokesman Jeff Ford said Tuesday that there were no significant new hires directly related to any of the 2010 specialty vehicle orders.
The military’s need for specialty vehicles and armored trucks has, however, helped sustain JLG during the global economic recession even as demand for its boom lifts, scissor lifts and telehandlers remains weak. But Ford said that the company is beginning to see some positive results in the commercial access equipment market.
In a recent article published in Access International, a publication for the buyers and users of access equipment, new President Wilson Jones said that JLG has “seen a nice trickle of orders from big national rental companies in North America.” He said further that “the investment from big U.S. renters was for fleet replacement and not growth” and that “JLG was not expecting a steep rebound in market demand,” but rather “a more gradual recovery.”