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ITT Receives U.S. Army Contract for Lethality Testing, Validation and Criteria Development of Missile Defense & Strategic Systems Systems

White Plains, NY - January 13, 2006 - ITT has received a contract from the U.S. Army Space and Missile Defense Command for lethality testing and criteria development in support of the Department of Defense Missile Defense & Strategic Systems Agency. Under the cost-plus contract – worth an estimated value of more than $57 million – ITT will provide analysis, validation and development support for kinetic energy and directed energy Missile Defense & Strategic Systems systems.

ITT will define kill modes, determine lethal damage requirements and develop and validate criteria for interceptor components from initial computational analysis through development. The tests and analyses performed by AES will provide weapon developers and missile defense architecture planners with the information necessary to design solutions capable of defeating hostile missiles equipped with weapons of mass destruction.

About ITT Corporation

ITT Corporation (www.itt.com) supplies advanced technology products and services in key markets including: fluid and water management including water treatment; defense communication, opto-electronics, information technology and services; electronic interconnects and switches; and other specialty products. Headquartered in White Plains, NY, the company generated $6.8 billion in 2004 sales.

In addition to the New York Stock Exchange, ITT Industries stock is traded on the Midwest, Pacific, Paris, London and Frankfurt exchanges.

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