The sale follows the trade mission to Moscow last October led by U.S. Commerce Secretary Donald L. "Don" Evans. CNH was the only agricultural and industrial equipment company selected to attend the mission, which included twelve other U.S. companies.

"This agreement is an outstanding example of what can be achieved through public-private cooperation," said U.S. Commerce Secretary Don Evans. "The more we trade, the more we grow economic opportunity and jobs for America's workers."

Under the terms of the agreement, CNH Global will provide 149 pieces of agricultural equipment manufactured in Illinois, Nebraska and Wisconsin. Products include43Case IH Axial-flow combines, 43 Case IH Grain headers and Pick up headers, four Case IH Corn headers and 20 Case IH MX240 Tractors, in addition to necessary spare parts. Additionally, CNH Global will work with its Russian distributors to organize and equip a service center and network.

"On behalf of CNH, our employees and our suppliers, we are honored and privileged to be awarded this prestigious project," said Paolo Monferino, president and chief Executive officer of CNH Global. "We have a large stake in the global economy, and as such, consider it our obligation to take a leadership role in promoting international trade."

Secretary Evans, who attended today's official announcement in Racine, was joined by Dan Renberg, board of directors, Export-Import Bank of the United States (Ex-Im), Governor Scott McCallum (R-Wis.), state and local officials, and Jean-Pierre Rosso, chairman, CNH Global.

At the meeting, Renberg announced that the sale will be funded in part by Ex-Im, which provides vital trade financing that allows U.S. companies to export competitively. CNH Global has worked closely with Ex-Im over the years, securing financing for exports of US-built CNH equipment to foreign markets. Most recently, CNH was able to obtain an important project in the former Soviet country of Uzbekistan last year. Over the past six years, CNH has sold more than 7,000 units of machinery and helped that country more than triple its wheat production.

CNH Global has been strengthening its position in Russia and the Commonwealth of Independent States for several years. CNH is the largest single Western producer offering a full range of agricultural equipment in Russia and the Commonwealth of Independent States, where more than 13,000 pieces of Case IH and New Holland equipment are in operation.