ITT to pursue opportunities in United Arab Emirates
ITT Corp., a White Plains-based defense contractor, will pursue business ventures in the defense and security sectors of the United Arab Emirates as part of a partnership agreement announced today.
ITT expects that the agreement will open up opportunities in communications, sensing, surveillance, space, and advanced engineering in the Middle Eastern country. Dave Melcher, president of ITT Defense Electronics and Services, signed the agreement with Hussain Ibrahim Al Hammadi, chairman and chief executive officer of Emirates Advanced Investments, which will act as a partner.
“The signing of this agreement formalizes a relationship of trust and confidence that we have mutually developed over the course of nearly a year,” Bernard J. Dunn, vice president of ITT Middle East Operations, said in a written statement.