ITT Receives Order for Systems to Thwart IEDs

(Clifton, N.J., October 27, 2008) -- ITT Corporation (NYSE:ITT) announced today it has been awarded a $206 million contract to produce an additional 2,866 CREW 2.1 Vehicle Receiver Jammers (CVRJ), vehicle-mounted systems designed to prevent the detonation of improvised explosive devices (IEDs). This award is the third option exercised under the requirement to build and deliver up to an additional 15,000 CREW 2.1 devices and spares for a total contract value of up to $1.042 billion. The contract was awarded by the U.S. Naval Sea Systems Command, and announced recently by the U.S. Department of Defense.

The CVRJ program is helping the Department of Defense meet urgent system requirements and increased production demands to prevent the detonation of radio controlled IEDs. These counter-IED devices will be mounted on various armored vehicles, and other military transport equipment, and deployed to current military operations in Iraq and Afghanistan.


"We greatly value the importance of this program and remain committed to producing the highest quality products that can be trusted by the men and women serving our nation," said Chris Bernhardt, president of ITT's Electronic Systems business.

Source : ITT Corporation (NYSE: ITT)