ITT awarded Systems and Missions Support II contract by the U.S. Air Force

HERNDON, Va., August 11, 2008 - ITT Corporation (NYSE: ITT) today announced it is one of six prime contractors that have been awarded an indefinite delivery, indefinite quantity contract by the U.S. Air Force to provide mission and requirements support to United States Strategic Command (USSTRATCOM). The total contract is valued at up to $900 million over a period of five years. ITT’s work will be managed out of its Bellevue, Neb. office.

Under the USSTRATCOM Systems and Missions Support (USAMS) II contract, the ITT team will provide management and professional support services, including analysis, engineering and technical services. These combined services contribute to the accomplishment of USSTRATCOM missions including deterrence, space operations, global strike, and cyber defense. The USAMS II contract supports USSTRATCOM as well as its agencies and supporting commands.

"ITT is pleased to have the opportunity to provide advisory and assistance services to USSTRATCOM," said Mike Wilson, president of ITT Advanced Engineering and Sciences. "We look forward to serving USSTRATCOM in support of their key mission areas to help ensure the security of the United States and military operations around the world."

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. ITT employs approximately 40,000 people serving customers in more than 50 countries. Headquartered in White Plains, N.Y., the company generated $9 billion in 2007 sales.

Contact:

Thomas Scalera
tel +1 914 641 2030
thomas.scalera@itt.com