ITT Awarded its 2nd Enhanced Night Vision Goggle Production Contract

(Roanoke, Va., August 20, 2010) -- ITT Corporation (NYSE:ITT) has been awarded its second enhanced night vision goggle (ENVG) production contract from the U.S. Army Research, Development & Engineering Command Acquisition Center. The company was selected as one of three companies to design, develop and manufacture ENVGs through this follow-on award. The firm-fixed-price contract has a potential value of $260 million. In 2005, ITT was awarded the initial ENVG contract, with the U.S. Army beginning fielding of the units in 2008. The ENVG is the first sensor fused goggle that optically overlays image intensification and thermal infrared imagery in one goggle. ITT has provided over 2,400 ENVG systems to the U.S. Army in support of the soldier with another 6,500 to be delivered on the current contract.

"ITT has served as a key partner to the U.S. Army since the beginning of the enhanced night vision goggle program, and we have continuously improved the system design through innovation to deliver the finest sensor fused goggle," said Bruce A. Wald, vice president and general manager of ITT's Night Vision & Imaging business. "This latest contract win is a demonstration of ITT's unrelenting commitment to meet soldiers' requirements of performance, durability and dependability."

ITT competed in the second ENVG follow-on proposal with an updated version of the current ENVG system, which the company calls the Spiral Enhanced Night Vision Goggle (SENVG). The SENVG is ITT's latest dual sensor fused goggle that optically combines image intensification and thermal infrared imagery in one goggle that is designed to meet high volume production rates and the critical performance requirements of the ground-based soldier. The SENVG incorporates the 18 mm image intensifier tube, utilizes several qualified ENVG subassemblies and is powered by three AA batteries, which reduces the logistics burden and gives the customer an estimated $130 million savings over the product's life cycle. Through various system enhancements the SENVG has a digital upgrade capability that will allow the goggle to export fused imagery for transmission via battlefield networks.

Source : ITT Corporation (NYSE: ITT)