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WHITE PLAINS, N.Y., 9 December 2004. ITT Industries, Inc. has received a seven-year contract that could reach a maximum value of $2.5 billion from the U.S. Army's Logistics Readiness Center for the production of the Single Channel Ground to Air Radio System (SINCGARS) combat radio system.
Under the terms of this omnibus contract, the Army will be able to order varying numbers of SINCGARS radio systems and spares over the next seven years to support U.S. and allied forces worldwide. The contract also permits ITT to upgrade earlier model SINCGARS with current technology. The initial order placed on this contract is valued at $49.5 million.
ITT developed SINCGARS with the Army, and has produced four generations of the system with more than 250,000 units operating globally from Korea to Iraq. Each new generation of SINCGARS incorporates technology that has helped evolve it into a cutting edge digital communication system than can include routers for network operations. Next generation SINCGARS will include embedded GPS along with combat identification.
In 2004, the Army ordered $311 million in SINCGARS and SINCGARS support equipment for their own and allied nations needs for a reliable combat network radio. Today, SINCGARS serves as the mainstay radio for units like the Army's 82nd Airborne Division.
"We are pleased to continue our long and successful relationship with the Army in developing communication systems such as SINCGARS," said Lou Dollive, president and general manager of ITT Industries Aerospace/Communication Division. "We are committed to maintaining that relationship in the future through development of an entirely new generation of solider communications."
ITT Industries, Inc. is a $6 billion global multi-industry company based in White Plains, N.Y. ITT supplies advanced technology products and services in key markets including: fluid and water management including water treatment; defense communication, opto- electronics, information technology and services; electronic interconnects and switches; and other specialty products. In addition to the New York Stock Exchange, ITT Industries stock is traded on the Midwest, Pacific, London, Paris and Frankfurt exchanges. For more information, see www.itt.com.
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