UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): September 4, 2007
ITT CORPORATION
(Exact name of registrant as specified in its charter)
Indiana 1-5672 13-5158950
(State or other jurisdiction (Commission (I.R.S. Employer
of incorporation) File Number) Identification No.)
4 West Red Oak Lane
White Plains, New York 10604
(Address of principal (Zip Code)
executive offices)
Registrant's telephone number, including area code: (914) 641-2000
Check the appropriate box below if the Form 8-K filing is intended to
simultaneously satisfy the filing obligation of the registrant under any of the
following provisions (See General Instruction A.2. below):
[_] Written communications pursuant to Rule 425 under the Securities Act (17 CFR
230.425)
[_] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
240.14a-12)
[_] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange
Act (17 CFR 240.14d-2(b))
[_] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange
Act (17 CFR 240.13e-4(c))
Not Applicable
(Former name or former address, if changed since last report)
Item 8.01 Other Events
On August 30, 2007, the Company announced that it was awarded a $207
million initial contract by the Federal Aviation Administration (FAA) to lead a
team to develop and deploy the Automatic Dependent Surveillance - Broadcast
(ADS-B) system. ADS-B is a key component of the FAA's NextGen program intended
to increase safety and efficiency to meet the growing needs of air
transportation. The period of performance for the initial contract is three
years, with a contract value of $207 million. Under the contract, ITT will be
responsible for overall system integration and engineering and under contract
options will operate and maintain the system after deployment through September
2025. The contract has a potential value with all options exercised of $1.86
billion.
A copy of the press release announcing the transaction is attached and
incorporated by reference herein as Exhibit 99.1.
Item 9.01. Financial Statements and Exhibits
(c) Exhibits
99.1 Press release dated August 30, 2007.
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SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
ITT CORPORATION
By: /s/ Kathleen S. Stolar
--------------------------------
Kathleen S. Stolar
Its: Vice President, Secretary
and Associate General Counsel
Date: September 4, 2007
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