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Monday, Jun 16, 2025
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Iteris Gets Virginia Contract Worth Up to $20M+

Transport Department deal for traffic, traveler services

Santa Ana-based Iteris Inc. (Nasdaq: ITI), which provides high-tech systems and sensors to improve traffic flow, has been awarded a new contract by the Virginia Department of Transportation for smart mobility, safety and sustainability programs.

The deal begins its initial phase of a multi-year contract with an $11.4 million order and the eventual total contract value is expected to exceed $20 million, Iteris said in a statement.

Iteris said it will deliver services including an extensive data portal, real-time traveler information, weather data, and continued operations and maintenance of video and data distribution services.
Shares in Iteris rose almost 1% to $2.84 apiece for a market cap of $121 million today.

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Kevin Costelloe
Kevin Costelloe
Tech reporter at Orange County Business Journal
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