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ITT Receives $44.9 M to Upgrade Sweden's Air Defense Radar
(White Pplains, N.Y., June 25, 2008) -- ITT Corporation has signed a $44.9 million contract with the Swedish Defence Material Administration, FMV for the Reliability and Modification (REMO) upgrade of their PS-870 coastal/gapfiller radar systems.
The REMO 870 program contract, signed on May 30, will upgrade the radars with state-of-the-art processing, transmitter, antenna and display technologies, using commercial off-the-shelf equipment, resulting in improved reliability and autonomous operation. This work is a key component in modernizing Sweden's national air defense program.
Additional options could bring the total contract value to greater than $58 million. This contract award follows a very successful series of earlier contracts, valued at more than $2 million, that provided FMV with the systems engineering design requirements for the upgraded radar system.
Source : ITT Corporation
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