ITT Re-Awarded NASA Space Communications Network Services Contract

ITT Corporation (NYSE:ITT) today announced that it has again been awarded the Space Communications Network Services (SCNS) contract by NASA Goddard Space Flight Center to support NASA space and near-Earth networks. These networks provide most of the communications and tracking services for a wide range of Earth-orbiting spacecraft, including the International Space Station, the space shuttle, the Hubble Space Telescope and the Earth Observing System satellites.

ITT was previously awarded the SCNS contract in October 2008 and again in April 2009 and July 2010, but commencement of the contract work was delayed due to a number of protests filed by the incumbent contractor. The contract has a base period of performance of five years and three months, with two, one-year option periods, and a maximum potential value with all options exercised of $1.26 billion.

The ITT team includes its partners ASRC, The Boeing Company, Braxton Technologies, CSC, LJT & Associates Inc., Orbital Sciences Corporation and SaiTech Inc.

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.