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Published in Stocks and Investing on Friday, October 1st 2010 at 6:05 GMT by Market Wire
FORT WAYNE, Ind.--([ BUSINESS WIRE ])--ITT Corporation (NYSE: ITT) announced today that it has been awarded a contract by the Joint Program Executive Office for the Joint Tactical Radio System (JPEO JTRS) valued at up to $49.5 million. The indefinite delivery, indefinite quantity contract provides Software In-Service Support (SwISS), which includes technical support, enhancements, maintenance and upgrades, for the JTRS Bowman Waveform (JBW).
"As a world leader in the development of tactical networked waveforms, ITT is a natural fit to be the provider of support for the JBW SwISS program during this time of transition to much more capable waveforms for our forces"
The JBW provides U.S. JTRS software-defined radios with a waveform that is interoperable with the United Kingdoma™s Bowman Waveform, supporting secure, networked voice and data for combined operations on the battlefield.
aITT has been an industry leader in working with the JPEO JTRS International Program to create communications interoperability between the United States and its allies to support mission success and safety,a said Chris Bernhardt, president of ITTa™s electronic systems business.
The contract covers a five-year period with work being completed by ITTa™s electronic systems business in both Fort Wayne, Ind., and Clifton, N.J. The first task order to be awarded from this contract will provide for the delivery of JBW software that meets the JTRS Information Security Criteria.
aAs a world leader in the development of tactical networked waveforms, ITT is a natural fit to be the provider of support for the JBW SwISS program during this time of transition to much more capable waveforms for our forces,a said Ken Peterman, president of ITTa™s communications systems business.
ITT Electronic Systems is a leading supplier of information and electronic warfare (EW) technologies, systems and services that enable mission success and survivability. Key technologies include integrated EW systems for a variety of aircraft, reconnaissance and surveillance systems for air- and sea-based applications, force protection and counter-IED systems, precision landing and air traffic systems for military applications, and under sea systems encompassing mine defense, naval command and sonar systems, and acoustic sensors. In addition, ITT Electronic Systems produces aircraft armament suspension and release equipment, electronic weapons interface systems, and advanced composite structures and subsystems.
About ITT Corporation
ITT Corporation is a high-technology engineering and manufacturing company operating on all seven continents in three vital markets: water and fluids management, global defense and security, and motion and flow control. With a heritage of innovation, ITT partners with its customers to deliver extraordinary solutions that create more livable environments, provide protection and safety and connect our world. Headquartered in White Plains, N.Y., the company reported 2009 revenue of $10.9 billion. [ www.itt.com ]
