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White Plains, NY, United States, 2010/10/25 - ITT Corporation (NYSE: ITT) announced that it has received clearance from the Federal Aviation Administration for nationwide deployment of the satellite-based air traffic surveillance system, Automatic Dependent Surveillance — Broadcast (ADS-B). NYSE: ITT
ITT Corporation announced that it has received clearance from the Federal Aviation Administration (FAA) for nationwide deployment of the satellite-based air traffic surveillance system, Automatic Dependent Surveillance — Broadcast (ADS-B), marking a major milestone in air traffic management. Achievement of this In Service Decision milestone means that air traffic controllers can now more accurately separate aircraft in the United States with ADS-B coverage by displaying aircraft tracked through the new ADS-B global positioning technology, as well as displaying traditional radar monitoring.
Since 2007, ITT has been under contract to the FAA to deploy the ADS-B ground infrastructure in support of the FAA's overall Next Generation Air Transportation System (NextGen) initiative to modernize the U.S. National Airspace System.
"We are extremely proud of ITT's role in this achievement. ADS-B technology will not only enable greater airspace efficiencies through better coordinated takeoffs and landings and more direct routes that shorten flight times, but it will also enable airlines to conserve millions of gallons of fuel and eliminate millions of pounds of CO2 emissions every day. We have kept to an aggressive rollout schedule with an outstanding performance track record, and are honored to be a key partner with the FAA at the forefront of air traffic management modernization," said Steve Loranger, ITT chairman, president and chief executive officer. Â "As the last major milestone for the ground infrastructure between now and completion of nationwide rollout, display of aircraft tracked with new ADS-B technology opens the door for ADS-B data to be put on controllers' displays nationwide."
The commissioning of the system follows the successful ADS-B implementation by ITT at four key sites in Alaska, the Gulf of Mexico, Louisville and Philadelphia, and follows an In Service Decision milestone in 2008 for broadcast safety services. Extensive testing was conducted at the key sites to verify that the system meets its requirements and is safe and secure. Those sites were chosen by the FAA because they provided appropriate environments for operational testing or presented different challenges reflecting the complexity of the nation's airspace.
These installations have been a part of the broader program under which ITT has already installed more than 300 of the approximate 794 ADS-B ground stations that will comprise the entire network. Nationwide ADS-B coverage will be complete in 2013.
About ITT Corporation
ITT Corporation (itt.com) 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 reported 2009 revenue of $10.9 billion.
Investor Contact: Thomas Scalera / T: +1 914 641 2030 / E: thomas.scalera[.]itt.com.
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