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Published in Stocks and Investing on Tuesday, October 5th 2010 at 11:25 GMT by Market Wire
CLIFTON, N.J.--([ BUSINESS WIRE ])--ITT Corporation (NYSE:ITT) announced the completion of successful factory acceptance testing on its coastal surveillance radar system upgrade for the Swedish Defence Material Administration (FMV).
"ITT will move forward with full rate production to provide Swedena™s defense forces with greatly improved capabilities to protect their coastal borders."
aThis successful milestone culminates more than three years of development work to upgrade Swedena™s coastal surveillance radar systems,a said Bill Devlin, vice president of ITTa™s radar, reconnaissance and acoustic sensors business area. aITT will move forward with full rate production to provide Swedena™s defense forces with greatly improved capabilities to protect their coastal borders.a
The Reliability and Modification (REMO) 870 upgrade program is based on ITTa™s new LCR-2020 integrated coastal surveillance radar system. With this adaptation of radar technology, ITT now offers customers an end-to-end radar, command, control and communications solution. Using this system, which increases awareness through an integrated network of radars, the customer can detect and intercept intruders more effectively, even in the harshest coastal marine environments.
The production of the radar system will be completed at ITTa™s electronic systems business in Van Nuys, Calif.
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 generated 2009 revenue of $10.9 billion. [ www.itt.com ]
