ITT Receives Additional Order for Systems to Thwart Improvised Explosive Devices

Business Wire, Oct 27, 2008

CLIFTON, N.J. -- ITT Corporation (NYSE:ITT) announced today it has been awarded a $206 million contract to produce an additional 2,866 CREW 2.1 Vehicle Receiver Jammers (CVRJ), vehicle-mounted systems designed to prevent the detonation of improvised explosive devices (IEDs). This award is the third option exercised under the requirement to build and deliver up to an additional 15,000 CREW 2.1 devices and spares for a total contract value of up to $1.042 billion. The contract was awarded by the U.S. Naval Sea Systems Command, and announced recently by the U.S. Department of Defense.

The CVRJ program is helping the Department of Defense meet urgent system requirements and increased production demands to prevent the detonation of radio controlled IEDs. These counter-IED devices will be mounted on various armored vehicles, and other military transport equipment, and deployed to current military operations in Iraq and Afghanistan.

"We greatly value the importance of this program and remain committed to producing the highest quality products that can be trusted by the men and women serving our nation," said Chris Bernhardt, president of ITT's Electronic Systems business.

The CREW 2.1 jammers are being built at ITT's Electronic Systems facility in Thousand Oaks, Calif.

ITT Electronic Systems is a leading supplier of information and electronic warfare (EW) technologies, systems and services that enable mission success and survivability. Key technologies include integrated EW systems for a variety of aircraft, reconnaissance and surveillance systems for air and sea-based applications, force protection and counter-IED systems, precision landing and air traffic systems for military applications, and under sea systems encompassing mine defense, naval command and sonar systems, and acoustic sensors.

About ITT Corporation

ITT Corporation (www.itt.com) is a diversified high-technology engineering and manufacturing company dedicated to creating more livable environments, enabling communications and providing protection and safety. The company plays an important role in vital markets including water and fluids management, global defense and security, and motion and flow control. Headquartered in White Plains, N.Y., the company employs approximately 40,000 people and generated $9 billion in 2007 sales.