The Manitowoc Company Clarifies Defense Logistics Agency (DLA) Contract Announcement

MANITOWOC, Wis.–(BUSINESS WIRE)–The Manitowoc Company, Inc. (NYSE: MTW) commented today that the Company was awarded a fixed-price with economic price adjustment contract SPE8EC-17-D-0008 from DLA with a maximum estimated value of $121.9 million for procurement of commercial type cranes. This contract does not require the agency to order cranes from Manitowoc. The contract is a multiple award schedule-type contract that allows the services (i.e. Army, Navy, Air Force, Marine Corps and several federal civilian agencies) that use these cranes to place future delivery orders under the contract. The contract is active through August 10, 2022.

This award is not to be confused with the US Army Type II Heavy Crane award announced on June 18, 2015.

About The Manitowoc Company, Inc.

Founded in 1902, The Manitowoc Company, Inc. is a leading global manufacturer of cranes and lifting solutions with manufacturing, distribution, and service facilities in 20 countries. Manitowoc is recognized as one of the premier innovators and providers of crawler cranes, tower cranes, and mobile cranes for the heavy construction industry, which are complemented by a slate of industry-leading aftermarket product support services. In 2016, Manitowoc’s net sales totaled $1.6 billion, with over half generated outside the United States.