ITT Corporation

Spaceport Systems International L.P. Awarded World's First Commercial Spaceport License

    9/19/1996

    Spaceport Systems International L.P. Awarded World's First Commercial Spaceport License

              ITT FSC/CCSI Partnership Certified For satellite Launches
    
        WASHINGTON, DC, Sept. 19 /PRNewswire/ -- The Federal Aviation
    Administration has awarded the world's first commercial spaceport license to
    Spaceport Systems International L.P. (SSI) as the operator of the California
    Spaceport(TM) the first US Commercial Space Launch Center.  The license will
    permit SSI to provide service to conduct launch site operations for various
    vehicles up to the 6,000 LB Class Lockheed Martin Launch Vehicle 3.  SSI is a
    joint venture between the ITT Federal Services Corporation (FSC) and the
    California Commercial Spaceport, Inc. (CCSI).
        The license was presented today by Frank Weaver, deputy administrator,
    Office of Commercial Space Transportation during the opening of the Aerospace
    States Association quarterly meeting.  E. George Riedel, vice president of
    business development and government relations, ITT Defense & Electronics,
    accepted the license.
        "ITT FSC believes that commercial spaceports will make a significant
    difference because they offer an opportunity to achieve affordable, safe and
    reliable satellite launch services through streamlined launch facilities and
    processes," Riedel said.  "This license allows us to increase the
    international competitiveness of the US space industry."
        All future spaceports will be required to complete the licensing
    regulatory process in order to qualify as safe and reliable nodes of
    transportation.
        On November 28, 1994, ITT Federal Services Corporation and the California
    Commercial Spaceport, Inc. announced the limited partnership which resulted in
    the formation of Spaceport Systems International L.P., which operates The
    California Spaceport.
        The California Spaceport uses property leased from the US Government on
    Vandenberg Air Force Base to provide commercial launch services.  To date, the
    Spaceport's operational Integrated Processing Facility has processed two
    satellite payloads.  The Spaceport Launch Facility, currently under
    construction, will be capable of launching small to medium polar low earth
    orbit satellites.
        ITT Federal Services Corporation is headquartered in Colorado Springs,
    Colorado and provides management and technical services on a wide range of
    government contracts with the Department of Defense, Department of Labor,
    Department of State and the National Aeronautics and Space Administration.
    With over 5,000 employees, ITT FSC operates at 79 locations in the United
    States and eleven foreign countries.
        Headquartered in McLean, Va., ITT Defense & Electronics is a leading
    supplier of high technology commercial and defense electronic systems,
    semiconductors, standard and customized connectors and operations and
    maintenance services, with customers in avionics, data, communications,
    information systems, military/space and transportation.
        ITT Defense & Electronics is a business unit of ITT Industries
    (NYSE: IIN), a leading worldwide diversified manufacturing company, with 1995
    sales of $8.4 billion from its three primary business segments: automotive,
    defense & electronics and fluid technology.
        In addition to the New York Stock Exchange, ITT Industries' stock is
    traded under the symbol (IIN) on the Basel, Bern, Frankfurt, Geneva, Lausanne,
    London, Midwest, Pacific and Paris exchanges.  More detailed information on
    ITT Industries is available online at http://www.ittind.com
    
    SOURCE  ITT Industries
    
    

    CONTACT: Millie D. Rogers of ITT Industries, 703-790-6336

About ITT

ITT is a diversified leading manufacturer of highly engineered critical components and customized technology solutions for the transportation, industrial, and oil and gas markets. Building on its heritage of innovation, ITT partners with its customers to deliver enduring solutions to the key industries that underpin our modern way of life. ITT is headquartered in White Plains, N.Y., with employees in more than 35 countries and sales in a total of approximately 125 countries. The company generated 2016 revenues of $2.4 billion.

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