ITT ITT Inc

ITT Corporation (NYSE:ITT) today announced that its night vision division was awarded a $5.5 million Majorbus order from the U.S. Army Communications and Electronics Command (CECOM) Acquisition Center in Fort Monmouth, N.J. ITT was awarded 100 percent of the order for aviation image tubes, which is the heart of the night vision goggle. The order will provide replacement spares in support of the military�s reset initiative to repair and refurbish all battle-worn equipment. The spare Generation 3 image intensifier tubes are for aviation night vision goggles, such as the AN/AVS-6 and AN/AVS-9. All U.S. military service branches will requisition their need for spare image tubes from this supply, maintained by the CECOM Life Cycle Management Command (LCMC). In accordance with current military specifications, ITT�s Generation 3 image intensifier tube is the highest performing aviation tube on the market. �This award exemplifies our commitment to serve military aviation on what we believe to be the first of many aviation orders in support of reset initiatives,� said Mike Hayman, president and general manager of ITT Night Vision. �We are pleased to provide our highest performing aviation tube to help protect our nation�s warfighters.� ITT Night Vision, based in Roanoke, Va., is the world�s leading developer, producer and supplier of Generation 3 image intensifier technology for U.S. and allied military forces as well as the homeland security market. The company has provided premier night vision solutions to the U.S. military for more than 45 years, and produced and delivered its one millionth Generation 3 image intensifier tube in 2007. 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. Safe Harbor Certain material presented herein includes forward-looking statements intended to qualify for the safe harbor from liability established by the Private Securities Litigation Reform Act of 1995 ("the Act"). These forward-looking statements include statements that describe the Company's business strategy, outlook, objectives, plans, intentions or goals, and any discussion of future operating or financial performance. Whenever used, words such as "anticipate," "estimate," "expect," "project," "intend," "plan," "believe," "target" and other terms of similar meaning are intended to identify such forward-looking statements. Forward-looking statements are uncertain and to some extent unpredictable, and involve known and unknown risks, uncertainties and other important factors that could cause actual results to differ materially from those expressed in, or implied from, such forward-looking statements. Factors that could cause results to differ materially from those anticipated by the Company include general global economic conditions, decline in consumer spending, interest and foreign currency exchange rate fluctuations, availability of commodities, supplies and raw materials, competition, acquisitions or divestitures, changes in government defense budgets, employment and pension matters, contingencies related to actual or alleged environmental contamination, claims and concerns, intellectual property matters, personal injury claims, governmental investigations, tax obligations, and changes in generally accepted accounting principles. Other factors are more thoroughly set forth in Item 1. Business, Item 1A. Risk Factors, and Item 7. Management's Discussion and Analysis of Financial Condition and Results of Operations - Forward-Looking Statements in the ITT Corporation Annual Report on Form 10-K for the fiscal year ended December 31, 2006, and other of its filings with the Securities and Exchange Commission. The Company undertakes no obligation to update any forward-looking statements, whether as a result of new information, future events or otherwise.