Pedestrian View Of Los Angeles: Iteris, Inc. Reports Fourth Quarter Revenue of $16.4 Million

Pedestrian View Of Los Angeles

This blog focuses on rail lines in LA country that exist, are under construction or under consideration. The Californian high-speed rail project and southern CA to Vegas project will also be covered. Since most of the relevant developments in the news, rail websites and blogosphere take place on weekdays, this blog will be updated primarily Monday through Friday and occasionally on the weekends. Your comments, criticism and suggestions are encouraged. Miscellaneous stuff will also appear here.

Friday, June 5, 2009

Iteris, Inc. Reports Fourth Quarter Revenue of $16.4 Million

On January 28, 2009, the Company announced that the Los Angeles County Metropolitan Transportation Authority (Metro) authorized Metro’s CEO to negotiate a $4.5 million modification of its contract with Iteris, Inc. for further design development and engineering support services during construction for the Metro Orange Line (MOL) Extension Project, as well as for final design services to support acceleration of the MOL Extension Project. This modification increased the total contract value from approximately $6.0 million to $10.5 million.