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Press Release

Cargotec Secures Significant Orders for Load Handling Equipment in the USA

10/6/2008

Cargotec has secured significant orders for a total of 428 HIAB loader cranes and 32 MULTILIFT hooklifts from BAE Systems Inc. in the USA. BAE Systems is the premier global defence and aerospace company delivering a full range of products and services for air, land and naval forces, as well as advanced electronics, information technology solutions and customer support services. The end user of the equipment is the US Army.
 
The HIAB 133AT-2 crane and the  MULTILIFT MPH085 hooklift both represent the most modern load handling technology and are designed for military use in extreme operating conditions. The equipment will be installed on the US Army's Family of Medium Tactical Vehicles (FMTV).
 
Delivery of the equipment will start during the fourth quarter of 2008, with most of the deliveries taking place during 2009. The total order value is around 15 million euros and the majority of the order was booked in the third quarter.   
 
Further information for the press:
Mikael Anthoni, Senior Vice President Defence Business Development, tel. +358 40 700 5367
Aija Kalander, Vice President External Communications, tel. +358 40 555 1637
 
Further information for investors:
Paula Liimatta, IR Manager, tel. +358 204 55 4634

Cargotec improves the efficiency of cargo flows by offering handling systems and the related services for the loading and unloading of goods. Cargotec's brands, Hiab, Kalmar and MacGREGOR, are global market leaders in their fields and their solutions are used on land and at sea - wherever cargo is on the move. Extensive services close to customers ensure the continuous usability of equipment. Cargotec is the technology leader in its field, its R&D focusing on innovative solutions that take environmental considerations into account. Cargotec's sales exceed EUR 3 billion and the company employs approximately 12,000 people. Cargotec's class B shares are quoted on the NASDAQ OMX Helsinki Ltd.