PRZOOM - /newswire/ -
Colorado Springs, CO, United States, 2010/08/02 - ITT Corporation (NYSE: ITT) has received two contracts from the U.S. Army Corps of Engineers Middle East District to provide facilities operations, maintenance and training services for the Afghanistan National Security Forces (ANSF) in Afghanistan. NYSE: ITT
Each award is for a one-year base period with options for four additional years. The contract for Northern Afghanistan is valued at up to $450 million and the contract for Southern Afghanistan is valued at up to $350 million for a total of up to $800 million if all options are exercised. The two contracts are independent of one another.
Under this award, ITT will provide operations and maintenance support for ANSF facilities, while simultaneously training Afghan personnel to assume responsibility for operating and maintaining the facilities at the completion of the contract.
Work will be performed by ITT's Systems business, 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.
"Under the unique structure of this award, we'll be providing a robust support capability for ongoing security operations in Afghanistan, while training and developing local ANSF personnel to eventually take over this critical support mission in the future," said Michael Gulino, president and general manager of ITT Systems.
About ITT Corporation
ITT Corporation (itt.com) is a high-technology engineering and manufacturing company operating around the globe 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 reported 2009 revenue of $10.9 billion.
Investor Contact: Thomas Scalera / P: +1 914 641 2030 / E: thomas.scalera[.]itt.com.