ITT to bring leading-edge mine clearing technology to South Korea

ITT Corporation (NYSE: ITT) has been selected to produce combined influence mine sweeping systems for the Republic of Korea under a multi-million contract awarded by GMB-USA. These mine sweeping systems are designed to neutralize undersea mines, which are triggered by an acoustic and electromagnetic signature of passing surface ships. The ITT systems simulate these signatures, causing the mines to detonate. This innovative solution will be used by the Republic of Korea Navy to counter mine threats effectively and keep its waters safe. "This next generation technology will support allied efforts to keep important shipping lanes and harbors open, in this case, helping South Korea protect trade routes," said Vice President and General Manager Rich Sorelle, of ITT's Integrated Electronic Warfare Systems business.

Source: ITT Corporation (NYSE: ITT)
Date: May 11, 2011