Terex gets $7M Navy deal

By The Associated Press

Friday, November 13, 2009

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WASHINGTON (AP) — Terex Corp. received a $7 million contract from the Navy to provide logistics support for cranes used in both Afghanistan and Iraq, the Pentagon said late Friday.

Work will be performed in Bagram, Afghanistan and Balad, Iraq and is expected to be completed by December 2011.

Shares of the Westport, Conn., company added 6 cents to $21.14 in after-hours trading, after falling 45 cents, or 2.1 percent, to close at $21.08 in the regular session.

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