ITT Corporation

ITT Defense and Electronics Announces UK Decision on $3.2 Billion Bowman Program



    MCLEAN, Va., March 20 /PRNewswire/ — ITT Defense & Electronics announced
    today that the United Kingdom's Ministry of Defense (MOD) approved a change in
    their procurement strategy that will allow the MOD to negotiate with the joint
    venture of ITT Defence, Ltd., a unit of ITT Defense & Electronics; Racal Radio
    and Siemens Plessey Systems, to develop the Bowman Program, a $3.2 billion
    tactical communications system for the British Armed Forces.
    Last December, the principal players competing for the project, ITT
    Defence, Ltd. and the team of Siemens Plessey Systems and Racal Radio,
    announced an agreement in principle to form an alliance to address the Bowman
    requirements.  Under the joint venture, the companies agreed to pool their
    technical and manufacturing resources to provide the best technical and the
    most cost-effective solution for the Bowman Program.  With today's decision,
    the companies will now finalize their joint venture agreement and begin work
    on the Bowman requirements.  ITT Defence, Ltd. will be the largest shareholder
    in the joint venture.
        Commenting on today's announcement, Louis J. Giuliano, President and CEO
    of ITT Defense & Electronics said, "We welcome today's announcement and
    strongly believe the joint venture represents the best approach for the MOD to
    meet the technical challenges of the Bowman Project and will permit the
    earliest fielding of an advanced tactical communications network at reduced
    development cost."
        Giuliano also saw the joint venture as a positive for ITT Defense &
    Electronics.  "Through this alliance, ITT Defense & Electronics is assured a
    leading role in providing this comprehensive tactical communications networks
    to the United Kingdom," he said.  "And, as a leader in the US tactical
    communications market, ITT Defense & Electronics is well positioned through
    this alliance to leverage technology between the Bowman Program and similar US
    initiatives to the benefit of both our US and UK customers.  This industrial
    linkage also provides an unprecedented opportunity for improved communications
    interoperability between the UK and US for coalition operations."
        According to Giuliano, the joint venture further strengthens ITT D&E's
    global position and supports the company's goal at growing its international
        The Bowman network encompasses six different types of radios; several
    different types of computers; data terminals; navigation and position location
    equipment; security procedures and equipment and a network planning and
    management system to ensure optimum performance.  Elements of the Bowman
    network will be used by all UK forces from the dismounted infantry soldier at
    the front to the theater force commander at headquarters.  Fielding of the new
    system is expected to begin in 2002.  Equipment incorporating this technology
    also will be installed in aircraft, ships and land vehicles.
        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
        ITT Defense & Electronics is a business unit of ITT Industries
    (NYSE: IIN), a leading worldwide diversified manufacturing company, with 1996
    sales of $8.4 billion from its three primary business segments:  automotive,
    defense and electronics and fluid technology.  ITT Automotive is one of the
    world's largest independent suppliers of systems and components to automotive
    manufacturers.  ITT Fluid Technology is one of the world's leading
    manufacturers of products, systems and services for the movement, measurement
    and control of fluids.
        ITT Industries' stock is traded on the New York, Midwest, Pacific, London,
    Frankfurt and Paris exchanges.
        ITT Industries and its subsidiaries' press releases are available at no
    charge via fax and the Internet.  To receive releases by fax, call
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    SOURCE  ITT Defense & Electronics

    CONTACT: John Kirkwood, 219-487-6384, or Millie D. Rogers,
    703-790-6336, both of ITT Industries

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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