Systems Division Press Release
ITT Wins US Air Force Counter-drug Surveillance Contract
White Plains, NY March 08, 2007 — ITT Corporation (NYSE:ITT) today announced that it has been awarded the Forward Operating Location Base Operating Support (FOL-BOS) contract by the Headquarters Air Combat Command Acquisition Management and Integration Center, Langley AFB, VA. The phase-in and base period award is for $7.9 million, and with all options exercised, the contract has a potential value of $194 million. Work will be performed by Systems Division, headquartered in Colorado Springs, CO.
The FOL-BOS contract includes performing operations that support the aerial counter-drug surveillance mission of the US Southern Command. Multiple Government agencies and allied nations operate aircraft out of sites in the Netherlands Antilles and Ecuador. ITT will provide air traffic control, airfield operations, communications technical services, food service, billeting, civil engineering, emergency fire response and other support as necessary. Phase-in begins 1 April, and with options, the contract will extend to 2014.
"This vital mission is a key component of protecting our hemisphere from the threat of illegal drugs," stated Pete McKinney, President of ITT Systems Division. "ITT is proud to continue its 40-year legacy of partnership with Air Combat Command and its predecessor, Tactical Air Command-both in this theater and worldwide."
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, NY, the company generated $7.8 billion in 2006 sales. In addition to the New York Stock Exchange, ITT Corporation stock is traded on the Paris, London and Frankfurt exchanges.
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