ITT Inc (ITT)

[buhg1b]

AP
ITT Wins $24.8M Navy Contract
Thursday March 20, 1:44 pm ET
ITT Awarded $24.8 Million Navy Contract Boost to Supply Electronic Jammers for IEDs

WASHINGTON (AP) -- ITT Corp. was awarded a $24.8 million Navy contract boost to supply 325 electronic jammers designed to prevent the detonation of improvised explosive devices, the Defense Department said late Wednesday.

ITT Electronic Systems will supply the Radio-Controlled Improvised Explosive Device Electronic Warfare systems for use in Iraq.

Shares of ITT Corp., based in White Plains, N.Y., were down 34 cents at $52.56 Thursday.

http://biz.yahoo.com/ap/080320/itt_navy_contract.html?.v=2