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Published in Stocks and Investing on Wednesday, October 6th 2010 at 11:56 GMT by Market Wire
COLORADO SPRINGS, Colo.--([ BUSINESS WIRE ])--ITT Corporation (NYSE: ITT) has been awarded a contract by the U.S. Army Rock Island Contracting Center to provide comprehensive support services for all U.S. Army facilities in Kuwait. The award is for one year with four one-year options and is worth an estimated $1.4 billion with all options exercised.
"We have a reputation for providing world-class facilities operations support around the globe, and that is exactly what our customers in Kuwait can expect from us going forward."
Under the Kuwait Base Operations & Security Support Services contract, ITT will provide the full spectrum of logistics, security, transportation, life support and facilities services at Camp Arifjan, Camp Buehring, Camp Virginia and a number of other critical military installations in the Kuwait area of responsibility. This represents the fourth major facilities operations contract awarded to ITT in 2010 and solidifies the companya™s role as a premier provider of base operations services in the Middle East.
aWe understand the criticality of the U.S. military mission in Kuwait and appreciate the Armya™s acknowledgement that ITT is the best company to handle its complex needs in the region,a said Michael Gulino, president and general manager of ITT Systems. aWe have a reputation for providing world-class facilities operations support around the globe, and that is exactly what our customers in Kuwait can expect from us going forward.a
Work will be performed by ITTa™s Systems business unit, based in Colorado Springs, Colo., a global leader in providing maintenance, sustainment and operations support for U.S. government facilities, vehicles, equipment, ranges, communication networks and information systems.
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 ].
