ITT, Fluor Win Army Deal - TheStreet

ITT, Fluor Win Army Deal

They'll provide logistics.
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ITT (ITT) - Get Report and prime contractor Fluor (FLR) - Get Report said they won an Army logistics support contract that could be worth as much as $5 billion annually.

The companies said they were one of three contracting teams selected under the U.S. Army Logistics Civil Augmentation Program (LOGCAP IV) contract, which covers one year with nine one-year renewal options.

"ITT is excited to be teamed with Fluor on this important contract and to build on our long track record of providing world-class logistics and operational support that is vital to mission success for America's warfighters," said Pete McKinney, president of ITT's Systems Division.