Konecranes has received its fifth portal jib order from the US Navy, part of an agreement initially announced in December 2019. This latest process crane order, worth $46.8 million, was booked in November 2024 and the jib will be delivered to the Norfolk Naval Shipyard in Virginia. The US Navy has the option for 2 additional portal jib cranes over the next 2 years, putting the potential total value of the agreement at around the previously estimated $330 million.
The 175-ton heavy-lift portal crane will be built in Wisconsin and installed at Norfolk, the Navy's largest shipyard on the country’s east coast. The newest crane is similar to previous orders: customized design with unique features that allow the crane to operate on straight or curved tracks. The crane design can also be used globally in other naval shipyards with similar configurations. The modular configuration of the jib allows it to be modified if necessary to run on other gage sizes if moved to another shipyard in the future.
A strong focus on customers and commitment to business growth and continuous improvement make Konecranes a material handling industry leader. This is underpinned by investments in digitalization and technology, plus our work to make material flows more efficient with solutions that decarbonize the economy and advance circularity and safety.
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Further information:
Konecranes Media Desk
[email protected]
Further information for investors and analysts:
Kiira Fröberg, Vice President, Investor Relations, Konecranes
Email: [email protected] or phone: +358 20 427 2050
This release can be found on Konecranes.com.
Konecranes is a global leader in material handling solutions, serving a broad range of customers across multiple industries. We consistently set the industry benchmark, from everyday improvements to the breakthroughs at moments that matter most, because we know we can always find a safer, more productive and sustainable way. That's why, with around 16,700 professionals in over 50 countries, Konecranes is trusted every day to lift, handle and move what the world needs. In 2023, Group sales totaled EUR 4.0 billion. Konecranes shares are listed on Nasdaq Helsinki (symbol: KCR).
