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Published in Stocks and Investing on Monday, January 3rd 2011 at 9:30 GMT by Market WireCOLORADO SPRINGS, Colo.--([ BUSINESS WIRE ])--ITT Corporation (NYSE: ITT) has been awarded a contract by the U.S. Army Rock Island Contracting Center, Rock Island, Ill., to maintain authorized Army pre-positioned stocks, and repair and return equipment in Doha, Qatar. The $34.8 million award includes the base year and four one-year option periods. This work is currently being performed by ITT Systems under the Field and Installation Readiness Support Team (FIRST) umbrella contract.
"Keeping the Armya™s forward deployed elements supplied with reliable equipment is core to our support efforts"
Under the cost-plus-fixed-fee contract, the fifth major support operations contract awarded to ITT in 2010, ITT will ensure equipment is received, accounted for, configured, stored, maintained and issued in support of the U.S. Armya™s force projection strategy. This work will be performed in Doha, Qatar 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.
aKeeping the Armya™s forward deployed elements supplied with reliable equipment is core to our support efforts,a said Michael Gulino, president and general manager of ITT Systems. aWe take great pride in assuring the readiness of the Armya™s pre-positioned stocks.a
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 ].
