ITT gets five-year contract to supply international customers

August

ITT Corp. of White Plains said its Communications Systems business has gotten a five-year contract that could be worth up to $490 million to provide communications and electronics equipment and services to international customers.

The company got the contract from the U.S. Army Electronics Command through the Foreign Military Sales program. The program allows for the selling of U.S. defense equipment, services and training to American allies.

The fifth year of the contract contains an option for a sixth year.

â€œWe look forward to doing our part in helping provide U.S. allies with the communications necessary for a strong defense,â€ Ken Peterman, the president of ITT Communications Systems, said.

The products will be made in Fort Wayne, Ind. and the United Kingdom.

This entry was posted on Wednesday, August 13th, 2008 at 9:33 am by Allan Drury.
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