ITT Corporation (NYSE:ITT) today announced it has been awarded a $57 million fixed-price contract and authority for full rate production of the AN/ALQ-211(V)6, an integrated situational awareness and self-protection system to be installed on Special Operations Army helicopters. The contract is the first part of a larger $312 million Indefinite Delivery/Indefinite Quantity, or IDIQ, contract awarded recently to ITT by the U.S. Special Operations Technology Applications Program Office. Under this $57 million contract, ITT will deliver 25 systems, along with spares and related components, to the Special Operations Army. �This represents another significant program and technical success for the ALQ-211 family of systems,� said Chris Bernhardt, president of ITT�s Electronic Systems business. �Variants of these systems are protecting aircrews around the world, on both U.S. and allied aircraft. We�re honored and privileged to provide these systems to Special Operations Forces who fly some of the most dangerous missions.� The systems will be built at ITT�s Electronic Systems facility in Clifton, N.J. About ITT Corporation ITT Corporation (www.itt.com) is a diversified high-technology engineering and manufacturing company dedicated to creating more livable environments, enabling communications and providing protection and safety. The company plays an important role in vital markets including water and fluids management, global defense and security, and motion and flow control. ITT employs approximately 40,000 people serving customers in more than 50 countries. Headquartered in White Plains, N.Y., the company generated $9 billion in 2007 sales.
ITT (NYSE:ITT)
Historical Stock Chart
From Jun 2024 to Jul 2024 Click Here for more ITT Charts.
ITT (NYSE:ITT)
Historical Stock Chart
From Jul 2023 to Jul 2024 Click Here for more ITT Charts.