ITT Wins Contracts for Land Mine Jammers
(NSI News Source Info) 12-Aug-2008: On April 2/07, BB&T Capital Markets upgraded EDO Corporation to “buy,” in part because they thought EDO was well positioned to win a part of the $200-$500 million Counter- Radio Controlled Improvised Explosive Device (RCIED) Electronic Warfare (CREW) contracts going forward. CREW systems are vehicle mounted electronic jammers designed to prevent the remote detonation of land mines. These are often triggered by off-the-shelf technology like cell phones, in order to avoid visible wires. EDO makes the Warlock jammer, a derivative of its earlier “Shortstop” product.
Those contracts appear to have come through, with awards for the system EDO now calls the CVRJ (CREW Vehicle Receiver/Jammer). The Pentagon refers to Spiral 2.1 Vehicle Mounted CREW systems, which are one element of the DoD’s Joint Counter RCIED Electronic Warfare program. As the USA buys and fields more mine-resistant MRAP vehicles, IED jammers like the CVRJ and “Lockheed’s” Symphony are a natural accompaniment. A fact that should make EDO’s new owner ITT very happy – and has, thanks to a new contract worth up to $1 billion.
Tuesday, August 12, 2008
ITT Wins Contracts for Land Mine Jammers
ITT Wins Contracts for Land Mine Jammers
(NSI News Source Info) 12-Aug-2008: On April 2/07, BB&T Capital Markets upgraded EDO Corporation to “buy,” in part because they thought EDO was well positioned to win a part of the $200-$500 million Counter- Radio Controlled Improvised Explosive Device (RCIED) Electronic Warfare (CREW) contracts going forward. CREW systems are vehicle mounted electronic jammers designed to prevent the remote detonation of land mines. These are often triggered by off-the-shelf technology like cell phones, in order to avoid visible wires. EDO makes the Warlock jammer, a derivative of its earlier “Shortstop” product.
Those contracts appear to have come through, with awards for the system EDO now calls the CVRJ (CREW Vehicle Receiver/Jammer). The Pentagon refers to Spiral 2.1 Vehicle Mounted CREW systems, which are one element of the DoD’s Joint Counter RCIED Electronic Warfare program. As the USA buys and fields more mine-resistant MRAP vehicles, IED jammers like the CVRJ and “Lockheed’s” Symphony are a natural accompaniment. A fact that should make EDO’s new owner ITT very happy – and has, thanks to a new contract worth up to $1 billion.
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