ITT awarded contract to provide support to Army pre-positioned stocks

Colorado Springs, CO Monday, January 3, 2011

ITT Corporation (NYSE: ITT) has been awarded a contract by the U.S. Army Rock Island Contracting Center, Rock Island, Ill., to maintain authorized Army pre-positioned stocks, and repair and return equipment in Doha, Qatar. The $34.8 million award includes the base year and four one-year option periods.  This work is currently being performed by ITT Systems under the Field and Installation Readiness Support Team (FIRST) umbrella contract.

Under the cost-plus-fixed-fee contract, the fifth major support operations contract awarded to ITT in 2010, ITT will ensure equipment is received, accounted for, configured, stored, maintained and issued in support of the U.S. Army’s force projection strategy.  This work will be performed in Doha, Qatar by ITT’s Systems business unit 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.

“Keeping the Army’s forward deployed elements supplied with reliable equipment is core to our support efforts,” said Michael Gulino, president and general manager of ITT Systems. “We take great pride in assuring the readiness of the Army’s pre-positioned stocks.”

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About ITT Corporation

ITT Corporation is a high-technology engineering and manufacturing company operating on all seven continents 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. www.itt.com.

Press Contact:
George Rhynedance
tel +1 719-637-4182
george.rhynedance@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
kathleen.bark@itt.com

Investor Contact
Melissa Trombetta
tel +1 914-641-2030
melissa.trombetta@itt.com

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