ITT is the sole recipient of the contract option which is valued at $29 million.
JCREW 3.3 is a System of Systems (SoS) that enables the networking of several jammers to address threats in a more efficient and strategic way. The SoS includes devices that are man-portable, vehicle-mounted and fixed site (for installations such as military bases) that all work together to prevent the detonation of IEDs. ITT will develop all three capabilities under this contract.
As the IED threat continues to evolve, the SoS is designed to be flexible and features data collection and networking functions to provide improved situational awareness to U.S. and allied forces while enabling new reconnaissance, signals intelligence and electronic attack capabilities. Its open architecture and modular design includes enhanced performance beyond the sum capability of the currently fielded systems.
In Phases I and II of the competition, ITT and Northrop Grumman both produced designs for JCREW 3.3. Phase III of the program marks the U.S. government's decision to execute an option to complete the final design of the SoS.
"ITT's leadership in counter-IED technology is built upon multiple decades of operational CREW and tactical battlefield communications experience demonstrated by our production and deployment of more than 30,000 CREW systems, including the first ground-mobile and man-portable systems, and more than 500,000 tactical radios," said Chris Bernhardt, president of ITT's electronic systems business. "We are committed to leveraging this experience to develop a more capable counter-IED solution to help our customers achieve their mission more safely and effectively."
ITT provides JCREW 2.1 systems for use by all four branches of the military: Army, Navy, Air Force and Marines, specialized systems for U.S. Special Operations Command (SOCOM), and was awarded the production contract for JCREW 3.2 vehicle-mounted systems in August 2010.
ITT Electronic Systems is a leading supplier of information and electronic warfare (EW) technologies, systems and services that enable mission success and survivability. Key technologies include integrated EW systems for a variety of aircraft, reconnaissance and surveillance systems for air and sea-based applications, force protection and counter-IED systems, precision landing and air traffic systems for military applications, and under sea systems encompassing mine defense, naval command and sonar systems, and acoustic sensors. In addition, ITT Electronic Systems produces aircraft armament suspension and release equipment, electronic weapons interface systems, and advanced composite structures and subsystems.
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 reported 2009 revenue of $10.9 billion. www.itt.com
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Investor Contact: Thomas Scalera / T: +1 914 641 2030 / E: thomas.scalera[.]itt.com.