ITT Receives Contract from Air Force to Begin Development of Modernized Space Receiver
GPS receiver will operate in space on low-earth orbit satellites
White Plains, NY and Rochester, NY – November 3, 2006- ITT Corporation (NYSE: ITT) was one of two successful bidders for a contract from the GPS Wing of the US Air Force to begin to develop a Modernized Space Receiver (MSR), a GPS receiver that will operate in space on low-earth orbit satellites and will be able to receive new, modernized GPS signals.
The GPS wing is part of the Space and Missile Center, which is part of the US Air Force’s Space Command.
Under Phase A of the contract, each of the selected suppliers will prepare a proposal for full-scale development of the MSR to be presented to the GPS Wing in mid-2007. After an opportunity to update the proposals, one of the contractors will be chosen to complete the project.
ITT’s Phase A work will be done at a Space Systems Division facility, and in concert with NASA’s Jet Propulsion Laboratory (JPL) in Pasadena, California.
ITT has a strong legacy in GPS systems, having designed, developed, integrated and manufactured payloads for the highly successful US Air Force NAVSTAR Global Positioning System since 1974. ITT payloads have been on every GPS satellite ever launched and have accumulated nearly 300 years of on-orbit life without a single mission related failure. Similarly, JPL has a long history of building high-performance GPS receivers, and the ITT proposal included a technology transfer from JPL to the MSR program.
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 electronic components markets with a wide range of products. Headquartered in White Plains, NY, the company generated $7.0 billion in 2005 sales. In addition to the New York Stock Exchange, ITT Corporation stock is traded on the NYSE Arca, Paris, London and Frankfurt exchanges.
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Media Contact:
Bernice Borrelli
585-269-5060
bernice.borrelli@itt.com
Or
Tom Glover
703-790-6334
Tom.Glover@itt.com
