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  • Wednesday, April 24, 2024

4th Time’s the Charm: ITT Picks Up $1.26 Billion NASA Deal… Again

ITT Corporation (NYSE: ITT)  was awarded the Space Communications Network Services (SCNS) contract by NASA Goddard Space Flight Center worth a maximum $1.26 billion.

ITT previously won the contract in 2008, 2009 and earlier this year, but the deal had been protested by incumbent Honeywell (NYSE: HON).

The firm will work to support NASA space and near-Earth networks.

According to ITT, “these networks provide most of the communications and tracking services for a wide range of Earth-orbiting spacecraft, including the International Space Station, the space shuttle, the Hubble Space Telescope and the Earth Observing System satellites.”

ITT will lead a team that includes ASRC, Boeing (NYSE: BA) and CSC (NYSE: CSC)

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