ITT to Provide Night Vision to U.S. Navy and Coast Guard Through 2012

WHITE PLAINS, N.Y., Sept. 10 /PRNewswire-FirstCall/ -- ITT Corporation (NYSE: ITT) today announced that it received a contract to provide night vision equipment to the U.S. Navy and Coast Guard through 2012.

The Naval Surface Warfare Center, Crane Division, Crane, Ind., awarded the indefinite delivery indefinite quantity (IDIQ) contract for submersible AN/PVS-14 night vision monocular devices. The contract has a potential total value of $37 million. Work for the contract will be performed at ITT Night Vision, based in Roanoke, Va.

ITT's AN/PVS-14 is a monocular Generation (Gen) 3 device, which allows the user to adjust the gain control for improved clarity of vision in varying light conditions. The unit can be handheld, head-mounted, weapon-mounted or adapted to a camera or camcorder. The submersible version will be provided on this contract.

"We are excited about serving the U.S. Navy and Coast Guard with our Gen 3 night vision technology," said Mike Hayman , president and general manager. "Ensuring the safety and success of naval missions and maritime homeland security operations is paramount to our nation's security."

ITT Night Vision (www.nightvision.com), 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.

About ITT Corp.

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, N.Y., the company generated $7.8 billion in 2006 sales. In addition to the New York Stock Exchange, ITT Corporation stock is traded on the Euronext and Frankfurt exchanges.

SOURCE ITT Corporation



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