ITT Selected to Build Critical Elements for GPS OCX

(Rochester, N.Y., February 26, 2010) -- ITT Corporation (NYSE: ITT) announced that it has been selected by the U.S. Air Force Space and Missile Systems Center as part of the Raytheon Company (NYSE: RTN) team to provide components and services for the next generation of Global Positioning System (GPS). Under the contract agreement, ITT will provide navigation processing components, precision monitor station receivers, and key components of the system security design for the GPS Advanced Control Segment (OCX).

The segment will improve accuracy, availability and continuity of the GPS, and brings increased situational awareness to U.S. military users and consumers worldwide.

"Our industry-leading visualization capabilities and more than 35 years of successful GPS payload experience were critical to the U.S. Air Force's decision," said Mark Pisani, vice president and general manager, Navigation Systems, ITT Geospatial Systems. "With ITT's technology and resources, our nation's military and consumer GPS users globally will experience improved accuracy, security, reliability and timing precision."

This new contract represents Phase B of the program and will encompass system design, development, integration, and transition to operations. The contract represents the continuation of ITT's products and services delivery to the U.S. Air Force Space and Missile Systems Center, which selected ITT as part of the initial phase of the contract awarded in 2007.

ITT Corporation has a strong legacy of designing, developing, integrating and manufacturing GPS payloads for the highly successful U.S. Air Force Global Positioning System since 1974. ITT payloads have been on every GPS satellite ever launched and have accumulated nearly 500 years of on-orbit life without a single mission-related failure.

"ITT brings extensive GPS experience and knowledge to our team," said Bob Canty, GPS vice president and program manager for Raytheon. "We look forward to working with ITT and providing the Air Force a robust ground system that will provide new capabilities and ensure our warfighters have the most accurate system."

Source : ITT Corporation (NYSE: ITT) - click here for more information