ITT Corporation (ITT) has been awarded a $19.3 million order from the U.S. Army’s Research Development & Engineering Command Acquisition Center under the OMNI VII contract for AN/PVS-14 night vision monocular devices. Eighty percent of these goggles are required by the U.S. Air Force with the remaining quantities for the U.S. Navy and U.S. Army.

The AN/PVS-14 is a high-performance, lightweight and reliable night vision monocular that provides enhanced resolution for mobility and target identification. These rugged devices can be hand-held, head- or weapon-mounted or fitted to a camera. The AN/PVS-14 operates on a single AA battery and are equipped with ITT’s thin-filmed proprietary Generation 3 Pinnacle image intensifier tube.

The Gen 3 Pinnacle tube has the ability to detect available light more than 10 times the power of previous generations. The company has also been awarded a $72 million Indefinite Delivery, Indefinite Quantity (IDIQ) contract for its Aviator’s Night Vision Imaging Systems, night vision tubes and spare parts.

The company has competitively won the entire IDIQ contract awarded by the U.S. Army Research Development and Engineering Command. ITT’s Night Vision business, based in Roanoke , Va., is the world’s leading developer, producer and supplier of head- and helmet-mounted night vision solutions and image intensifiers for U.S. and allied military forces, as well as the homeland security market.

ITT has served the U.S. military with premier research, development, production and logistics for analog and digital fusion solutions for 50 years. ITT Corporation is a high-technology engineering and manufacturing company operating in 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 the world. Major competitors are Raytheon Company (RTN) and Lockheed Martin Corporation (LMT).

We currently have a Neutral recommendation on ITT.

Zacks Investment Research
View original at: Zacks.com News Feed

1. (URS) URS Corporation Joint Venture Gets FEMA OrdersURS Corporation (URS) announced that an alliance between URS and PBS&J has been awarded a...
2. (KFT) Kraft to Construct New Research and Development CenterKraft Foods Inc. (KFT), a leading manufacturer and marketer of packaged food and grocery products...
3. (HAE) Haemonetics Corporation Acquires Engineering and Research Associates IncHaemonetics Corporation (HAE) has recently acquired the blood collection and processing business of Engineering and...
4. (JEC) Jacobs Engineering Group Lands New OrdersJacobs Engineering Group Inc. (JEC) announced that it received a new framework to deliver a...
5. (EFX) Equifax Selects Chile for Their New Research & Development CenterEquifax Inc. (EFX) recently announced that it has selected Chile for the launch of its...
6. (ITT) ITT Corp. Wins Enhanced Night Vision Goggle contractITT Corporation (ITT) has been awarded $43 million follow-on orders by the U.S. Army’s Research,...

Search Posts by Tag: ITT | ITT Corporation | LMT | Lockheed Martin Corporation | Raytheon Company | RTN | Diversified Machinery | Industrial Goods

RSS Feeds by Tag: ITT | ITT Corporation | LMT | Lockheed Martin Corporation | Raytheon Company | RTN | Diversified Machinery | Industrial Goods |

Other Posts by: vitalstocks | RSS Feed for this author