Terex, telehandler--Terex Awarded $18.9 Million Contract To Build Telehandlers For United States Marine Corps

REDMOND, WASH. (September 22, 2010) – Terex Corporation (NYSE: TEX) announced today that it has been awarded an $18.9 million contract to build 200 Terex® TX51-19MD, 5,000 lb. capacity, Light Rough Terrain Forklifts (LRTF) for the United States Marine Corps (USMC) through its Terex Government Programs unit in Stafford, VA. The initial delivery order is in the amount of $9 million for over 100 units.

The Terex® TX51-19MD LRTF is a fully-tested and mature “field proven” telehandler system that has been in the USMC inventory for many years, with initial competitive procurement in 2001. The TX51-19MD, manufactured by Terex Aerial Work Platforms (AWP), is a militarized version of the original commercial model to meet the rigorous demands of the USMC, including: fording, beach operations, helo-transport, and the full spectrum of military lifting missions.

“We are proud to continue our support to the USMC through this re-procurement,” said Thomas Manley, Vice President, Terex Government Programs. “We have been fulfilling military contracts for close to a decade and the Corps has been one of our most loyal customers. They are demanding because of their mission and they deserve the best we can provide. We are pleased with the Corps’ continued confidence in our TX51-19MD. We have a first class project team in place, and recognize supporting the Corps with our equipment is a privilege that must be earned every day.”

“We are pleased to continue to supply our rugged equipment to the USMC,” said Dave Gillrie, GM Global Products, Terex AWP. “Genie® and Terex® compact rough terrain telehandlers are designed to meet the most extreme conditions of both commercial and military customers. These versatile machines respond flexibly and reliably to every mission, and they are specifically designed for ease of operation and service. We continue to improve our support to the military by providing quality equipment that is backed by our industry leading Genie 360°™ global services.”

Terex military telehandler customers can always count on the strength of Genie 360°™ services to guarantee they will never be out of reach of certified technicians. For this re-procurement, Terex will be providing a tailored extended five-year warranty to ensure operational readiness for the Fleet Marine Forces. Genie 360°™ global support can be readily expanded for military customers with field service representatives to provide certified work in restricted areas and during operational contingencies.

Terex Government Programs offers a full range of commercial and militarized Terex® products for the U.S. military and Federal Government with flexible contracts in place to support their equipment needs. For more information contact govsales@terex.com.

About Terex

Terex Corporation is a diversified global manufacturer operating in four business segments: Terex Aerial Work Platforms, Terex Construction, Terex Cranes, and Terex Materials Processing & Mining. Terex manufactures a broad range of equipment for use in various industries, including the construction, infrastructure, quarrying, mining, shipping, transportation, energy, refining, and utility industries. Terex offers a complete line of financial products and services to assist in the acquisition of Terex equipment through Terex Financial Services. More information on Terex can be found at www.terex.com.

Source: Terex Corporation