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Grove sells more cranes to the Army

May 20, 2002

SHADY GROVE, Pa. - Grove Worldwide has been issued two contracts by the U.S. Army Tank, Automotive and Armaments Command.

The first is for the purchase of 30 AT422T cranes, which makes a total of 366 AT422T's ordered since the initial contract award in 1997.

The latest AT422T contract is valued at $7 million with the total value of the contract since inception more than $90 million. Production will be through the end of this year and, with an additional contract extension and budget funding pending, an additional 100 to 200 units are expected in 2003 and 2004.

The Grove AT422T is an all-terrain crane with a 22-ton lifting capacity.

The cranes are used by the Army, National Guard and Army Reserve worldwide and are often utilized in humanitarian relief efforts.

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The second contract is to refurbish up to 180 RT875 Container Cranes, which carries a potential value of $40 million over the next five years. The RT875CC was purchased from Grove in 1986 with production completed in September 1991.

Under the new contract, Grove will refurbish and add technical upgrades to the machines at its Shady Grove facility.

The RT875CC is a 40-ton rough-terrain crane designed to meet the needs of the U.S. Army to lift and stack 20- and 40-foot long containers, shelters and other cargo.

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