ITT awarded NASA Space Communications Network Services contract

(McLean, Va., October 10, 2008) -- ITT Corporation (NYSE: ITT) today announced it has been selected by the NASA Goddard Space Flight Center to perform telemetry, tracking and command services for near-Earth missions under the Space Communications Network Services (SCNS) contract. 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.

This contract extends ITT's support of NASA's communications networks. For more than 25 years, ITT has provided engineering services for NASA's near-Earth communications networks, and since 2003, has provided maintenance and operations support services for its Deep Space Network, an international network of antennas that supports interplanetary spacecraft missions.

Under the SCNS contract, ITT will support NASA's Space and Near Earth Networks, which 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. The work will be performed by ITT's Herndon, Va.-based Advanced Engineering & Sciences business and its Colorado Springs, Colo.-based Systems business.

"The ITT team is pleased to apply our broad range of engineering and management experience to provide NASA with comprehensive support for this cornerstone program," said Hank Driesse, president of ITT's defense group. "This win allows us to leverage ITT's combined near-Earth network and Deep Space Network experience, and draw from the integrated capabilities of two of our businesses to unlock tremendous value in support of NASA's near-Earth missions."

Source : ITT Corporation

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