The limited partnership between ITT Corporation (NYSE: ITT) and California Commercial Spaceport, Inc., named Spaceport Systems International (SSI) was awarded a contract to provide spaceport launch services to the U.S. Air Force Space and Missile Systems Center Launch Test Squadron. The total value of the 5-year contract is $48 million and actual revenue will depend on the services requested under the contract.
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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.
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