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Press release

Konecranes Oyj: Konecranes receives $49.7 million portal jib order from the US Navy

Konecranes

Konecranes has received its sixth portal jib order from the US Navy, part of an agreement initially announced in December 2019. This latest process crane order, worth $49.7 million, was booked in January 2026 and the jib will be delivered to Portsmouth Naval Shipyard in Kittery, Maine. As per the original agreement, the US Navy still has the option to order an additional portal jib crane.

The 175-ton heavy-lift portal crane will be built in Wisconsin and installed at the Portsmouth Naval Shipyard. 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 support the decarbonization of the economy and advance circularity and safety.

For a concise overview of Konecranes' business, please click here.

Further information:
Konecranes Media Desk
media@konecranes.com

Further information for investors and analysts:
Linda Häkkilä, Vice President, Investor Relations, Konecranes 
Email: linda.hakkila@konecranes.com 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 16,500 professionals in over 50 countries, Konecranes is trusted every day to lift, handle and move what the world needs. In 2024, Group sales totaled EUR 4.2 billion. Konecranes shares are listed on Nasdaq Helsinki (symbol: KCR).

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