ITT to supply Army radios under $363 million contract
ITT Corp., the White Plains-based defense contractor, will continue supplying military handheld radios for U.S. Army troops after winning a $363 million contract.
The Pentagon said that the two-year contract calls for ITT to supply 58,000 radios and related equipment that are critical communications gear for American troops in the field.
ITT will build the radios at a plant in Fort Wayne, Ind. The expected completion date for the contract is June 2011.
In addition to combat radios, ITT’s sizable defense business include night-vision goggles used by U.S. soldiers and jamming devices that stop the explosion of enemy bombs. Other ITT products include satellite imaging systems for hurricane forecasting and controls for commercial aircraft and helicopters.
Revenue for ITT’s defense electronics and services totaled $1.5 billion in the first quarter, nearly flat compared to a year earlier.