ITT awarded $800 million in Afghanistan National Security Forces facilities support contracts

Colorado Springs, CO Monday, August 2, 2010

ITT Corporation (NYSE: ITT) has received two contracts from the U.S. Army Corps of Engineers Middle East District to provide facilities operations, maintenance and training services for the Afghanistan National Security Forces (ANSF) in Afghanistan. Each award is for a one-year base period with options for four additional years. The contract for Northern Afghanistan is valued at up to $450 million and the contract for Southern Afghanistan is valued at up to $350 million for a total of up to $800 million if all options are exercised. The two contracts are independent of one another.

Under this award, ITT will provide operations and maintenance support for ANSF facilities, while simultaneously training Afghan personnel to assume responsibility for operating and maintaining the facilities at the completion of the contract.

Work will be performed by ITT'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.

"Under the unique structure of this award, we'll be providing a robust support capability for ongoing security operations in Afghanistan, while training and developing local ANSF personnel to eventually take over this critical support mission in the future," said Michael Gulino, president and general manager of ITT Systems.

About

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 reported 2009 revenue of $10.9 billion. For more information, visit: www.itt.com.

Press Contact:
B.J. Talley
tel +1 719 637 6375
william.talley@itt.com

Investor Contact:
Thomas Scalera
tel +1 914 641 2030
thomas.scalera@itt.com

About ITT

ITT is a diversified leading manufacturer of highly engineered critical components and customized technology solutions for the energy, transportation and industrial markets. Building on its heritage of innovation, ITT partners with its customers to deliver enduring solutions to the key industries that underpin our modern way of life. Founded in 1920, ITT is headquartered in White Plains, N.Y., with employees in more than 35 countries and sales in a total of approximately 125 countries. The company generated 2013 revenues of $2.5 billion. For more information, visit www.itt.com.

Press Contact
Kathleen Bark
tel +1 914-641-2103
 
Investor Contact
Melissa Trombetta
tel +1 914-641-2030
< Back to all news