ITT recognized as top corporate citizen in government contracting

Monday, 26 Jul 2010

WHITE PLAINS, N.Y., July 26, 2010 – ITT Corporation (NYSE:ITT) was recognized by CR magazine as a Best Corporate Citizen in Government Contracting. This inaugural list recognizes publicly traded companies that exemplify transparency and accountability while serving the United States government. 

This list analyzes Russell 1000 companies that are also among the largest 100 contractors and is based on the methodology of CR’s 100 Best Corporate Citizens List, on which ITT has been recognized for the past three years. ITT was selected on the basis of its performance across seven categories: environment, climate change, human rights, philanthropy, employee relations, financial performance and governance.

“We are honored to be named one of the leading corporate citizens in government contracting,” said Ann Davidson, vice president of corporate responsibility at ITT. “As a long-standing government contractor, we are committed to continuing to enhance our accountability and transparency to ensure that we remain a trusted partner.”

ITT’s work with the government touches many important aspects of its businesses, which address vital human needs in the areas of global defense and security, water and fluids management, and motion and flow control. For example, as a top-tier U.S. defense contractor, ITT works to ensure a safer and more secure world by providing a broad range of mission-critical products and services -- from space-based sensors and imaging/positioning systems to services that support critical government programs to technologies that protect our service people in the air, on the ground and at sea. ITT was also awarded a $1.86 billion contract by the Federal Aviation Administration (FAA) to develop and deploy the Automatic Dependent Surveillance-Broadcast (ADS-B) system, which brings advanced GPS technology to U.S. air traffic management.

Grounded in its values of respect, responsibility and integrity, ITT is dedicated to ensuring that its people, processes, policies and systems are fair and accountable. The company demonstrates its larger commitment to global citizenship through its efforts to safeguard the planet’s climate, communities and resources, its focus on sustainable growth and development, its philanthropic efforts and its accountability to its stakeholders and employees.

To view the complete list of the companies on the Best Corporate Citizens in Government Contracting, visit: http://www.thecro.com/content/cr-magazine-announces-best-corporate-citizens-government-contracting

About ITT Corporation

ITT Corporation is a high-technology engineering and manufacturing company operating on all seven continents in three vital markets: water and fluids management, global defense and security, and motion and flow control. With a heritage of innovation, ITT partners with its customers to deliver extraordinary solutions that create more livable environments, provide protection and safety and connect our world. Headquartered in White Plains, N.Y., the company generated 2009 revenue of $10.9 billion. www.itt.com.

Press Contact:

Jenny Schiavone
(914) 641-2160
jennifer.schiavone@itt.com