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ITT Part of Team Awarded NASA Range Operations Contract

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^{Published in Stocks and Investing on Thursday, July 15th 2010 at 12:35 GMT by Market Wire}  

COLORADO SPRINGS, Colo.--([ BUSINESS WIRE ])--ITT Corporation (NYSE: ITT), as a subcontractor to LJT & Associates, Inc., is part of a team that has been awarded a contract to provide comprehensive range operations services at the NASA Wallops Flight Facility in Virginia. The award is for a five-year base period with an estimated value of $117 million to the entire LJT team.

"It adds yet another range to the portfolio of launch and test facilities we support, and also expands our business with NASA, a customer we hope to serve further in the future."

Work will be performed by ITTa™s Systems business, based in Colorado Springs, Colo., a global leader in providing maintenance, sustainment and operations support for U.S. government facilities, vehicles, equipment, ranges, communication networks and information systems. ITTa™s share of the work from this award will include systems engineering services, as well as operations and sustainment for radar, telemetry, communications and meteorological systems.

aThis is an important strategic win for ITT on several levels,a said Michael Gulino, president and general manager of ITT Systems. aIt adds yet another range to the portfolio of launch and test facilities we support, and also expands our business with NASA, a customer we hope to serve further in the future.a

About ITT Corporation

ITT Corporation is a high-technology engineering and manufacturing company operating around the globe in three vital markets: water and fluids management, global defense and security, and motion and flow control. With a heritage of innovation, ITT partners with its customers to deliver extraordinary solutions that create more livable environments, provide protection and safety and connect our world. Headquartered in White Plains, N.Y., the company generated 2009 revenue of $10.9 billion. For more information, visit: [ www.itt.com ].