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The U.S. Army, Europe (USAREUR) Wiesbaden Contracting Center, Germany, announced that it has awarded the Task Force Falcon Force Protection Services contract to ITT Corporation (NYSE: ITT). This contract provides force protection and installation security for the multinational peacekeeping force at Camp Bondsteel, Kosovo. The award is for one base year with two one-year options and has a value of $39 million with all options exercised. Work will be performed by ITT's Systems Division, headquartered in Colorado Springs, Colorado.
The mission of NATO's Kosovo Force (KFOR) is to provide peacekeeping operations, humanitarian assistance, and aid in the transition to a civilian government in the former Republic of Yugoslavia. Task Force Falcon is the American component of KFOR and is based at Camp Bondsteel. ITT will provide physical and electronic security, quality assurance, equipment supply and management of government furnished equipment at the camp, allowing Task Force Falcon's soldiers to concentrate on critical mission tasks.
"ITT has been providing force protection at Camp Bondsteel since 2003," stated Michael Gulino, president of ITT's Systems Division. "We are honored to continue supporting this vital peacekeeping mission."
About ITT Corporation
ITT Corporation (www.itt.com) is a diversified high-technology engineering and manufacturing company dedicated to creating more livable environments, enabling communications and providing protection and safety. The company plays an important role in vital markets including water and fluids management, global defense and security, and motion and flow control. ITT employs approximately 40,000 people serving customers in more than 50 countries. Headquartered in White Plains, N.Y., the company generated $9 billion in 2007 sales.
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ITT is a diversified leading manufacturer of highly engineered critical components and customized technology solutions for the energy, transportation and industrial markets. Building on its heritage of innovation, ITT partners with its customers to deliver enduring solutions to the key industries that underpin our modern way of life. Founded in 1920, ITT is headquartered in White Plains, N.Y., with employees in more than 35 countries and sales in a total of approximately 125 countries. The company generated 2013 revenues of $2.5 billion. For more information, visit www.itt.com.
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