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ITT Receives $317M C-IED Order

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ITT Corp. [ITT] has received a $317 million order to produce 4,501 additional CREW 2.1 Vehicle Receiver Jammers, which are vehicle-mounted counter- improvised explosive device systems (C-IED), in support of Operation Iraqi Freedom. The award was made by the Navy and the jammers will be used by the Marine Corps. Deliveries should be complete by April 2010. ITT is currently under contract to produce up to 25,000 of the CREW 2.1 devices with a potential contract value of over $1.7…

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