Defense Stocks News; ITT Awarded U.S. Army Qatar Base Operations Support Contract

Category: Investment, Defense, Water

COLORADO SPRINGS, Colo. - March 17, 2010 - (Investorideas.com Defense Stocks Newswire) The U.S. Army Contracting Command has awarded ITT Corporation (NYSE: ITT) a contract to provide supply, food service, transportation, public works, community service, medical, safety, environmental, fire, and postal operations support at Camp As Sayliyah and other facilities in Qatar. The award is for a one-year base period with options for four additional years and has a total value of approximately $125 million with all options exercised.

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"ITT employees have worked hard at Camp As Sayliyah and other locations to earn our reputation as a reliable, efficient and experienced operator of government facilities around the world"

Work will be performed by ITT Systems, based in Colorado Springs, Colo., a global leader in providing maintenance, sustainment and operations support for U.S. government facilities, vehicles, equipment, ranges, communication networks and information systems.

"ITT employees have worked hard at Camp As Sayliyah and other locations to earn our reputation as a reliable, efficient and experienced operator of government facilities around the world," said Michael Gulino, President and General Manager of ITT Systems. "We are honored to have the opportunity to continue providing essential services for U.S. military personnel in Qatar."

About ITT Corporation

ITT Corporation is a high-technology engineering and manufacturing company operating on all seven continents in three vital markets: water and fluids management, global defense and security, and motion and flow control. With a heritage of innovation, ITT partners with its customers to deliver extraordinary solutions that create more livable environments, provide protection and safety and connect our world. Headquartered in White Plains, N.Y., the company generated 2009 revenue of $10.9 billion. www.itt.com.

Contacts

ITT Corporation
B.J. Talley, 719-637-6375
william.talley@itt.com

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