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Press Release

FOR IMMEDIATE RELEASE
Media Contact:
Bernice Borrelli
585-269-5060 (voice)
bernice.borrelli@itt.com



  ITT Corporation
  West Red Oak Lane
  White Plains, NY 10604
  Phone: 914-641-2000
  Fax: 914-696-2950

ITT wins contract for next-generation GPS Command and Control Systems

White Plains, NY December 05, 2007 — ITT Corporation announced today that it has been awarded a contract for the next-generation Global Positioning System (GPS) Command and Control Systems designated OCX by the U.S. Air Force. ITT is part of a team led by Raytheon Company (NYSE: RTN). The team will develop a system design and prototype of the OCX system. A system design review and prototype demonstration is scheduled for early 2009.

Already renowned for its GPS payloads, which are on every GPS satellite launched to date, ITT is now beginning to emerge as a major competitor in other segments of the GPS program.

"This is a significant achievement for ITT," said Chris Young, president of ITT Space Systems Division. "OCX represents our first, strong push into the GPS control segment."

OCX is intended to improve command and control of the GPS constellation, improve mission capabilities, and provide a more user-oriented environment. Once implemented, Air Force Space Command can improve operational services for civil and military customers worldwide. The first phase of the contract will focus on defining the long-range architecture, technical requirements, concepts of operations, and fielding capabilities incrementally. Issues related to the introduction of future GPS III satellite blocks into the constellation also will be part of the OCX¹s first contract phase.

"The cornerstone of our solution is a versatile, service oriented architecture," said Young. "Our design will enable the government to implement low-cost, targeted software upgrades that won't ripple undesirably throughout the system."

ITT's Space Systems Division provides innovative remote sensing and navigation solutions to customers in the Department of Defense, Intelligence, Space Science and Commercial Aerospace to help them visualize and understand critical events happening on Earth, in the air, or in space in time to take effective action. Leveraging comprehensive capabilities, Space Systems' solutions span from image and data collection through processing and dissemination. Key applications include intelligence, surveillance and reconnaissance; high-resolution commercial imaging; space science; meteorology and Earth sciences; GPS navigation; and image and data processing and dissemination. For more information on ITT's Space Systems Division, please visit www.ssd.itt.com.

About ITT Corporation

ITT Corporation (www.itt.com) supplies advanced technology products and services in several growth markets. ITT is a global leader in the transport, treatment and control of water, wastewater and other fluids. The company plays a vital role in international security through its defense communications and electronics products; space surveillance and intelligence systems; and advanced engineering and related services. It also serves the growing leisure marine and electrical connectors markets with a wide range of products. Headquartered in White Plains, N.Y., the company generated $7.8 billion in 2006 sales. In addition to the New York Stock Exchange, ITT Corporation stock is traded on the Euronext and Frankfurt exchanges.

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Editor's Note: For additional information about ITT Industries Space Systems Division visit our Web site at http://www.ssd.itt.com/

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© ITT Industries, 2007.