ITT Corporation

ITT Federal Services Corporation Awarded $600 Million in Government Contracts

    9/11/1996

    ITT Federal Services Corporation Awarded $600 Million in Government Contracts

        WHITE PLAINS, N.Y., Sept. 11 /PRNewswire/ -- ITT Federal Services
    Corporation (FSC), a wholly owned subsidiary of ITT Industries (NYSE: IIN),
    has recently been awarded technical services contracts from the US Government
    valued at approximately $600 million.
        "This award to ITT Federal Services Corporation illustrates ITT
    Industries' strategy of diversification as a worldwide manufacturer and
    provider of services," said Travis Engen, chairman, president and chief
    executive of ITT Industries.  "The softness in the Automotive and Fluid
    Technology sectors of our business referred to at the time of the release of
    our 2nd Quarter results in July is continuing.  However we are pleased with
    the long term stability in the Defense and Electronics unit.  The service
    sector is experiencing rapid growth as the defense world becomes more reliant
    on companies with specific service expertise, both here and abroad.  ITT
    Federal Services, through these contract awards, has demonstrated once again
    that it is a significant force in this industry."
        The recent contracts awarded to ITT FSC cover military facilities in
    California, Hawaii, the United Kingdom and Germany.
        "These significant contract wins allow us to continue to increase our
    technical capabilities and provide a larger base from which to produce
    profitable growth in the expanding services industry,"  said Lou Giuliano,
    president of ITT Defense & Electronics.  ITT FSC is an operating unit of ITT
    Defense & Electronics (D&E).  This business raises the D&E projected
    year-end backlog to $2.2 billion, up from $1.9 billion at year end 1995.
        ITT FSC maintains its role as a major player in the missile launch range
    business by winning the Range Operation/Maintenance and Support Services
    Contract (ROMSCC) for Air Force Space Command's Western Range.  The five year
    contract has a potential value of $307 million.  ITT FSC will provide the
    operation, maintenance and support of Western Range systems at Vandenberg Air
    Force Base, California and at other supporting locations in California and the
    Hawaiian Islands.
        ITT FSC remains a major US Government service contractor in Europe with
    the win of the Operation, Maintenance and Supply Support-Europe contract
    awarded by the US Army Information Systems Command at Ft. Huachuca, Arizona.
    ITT FSC will provide operations, maintenance and supply support to European
    communications sites for the US Army 5th Signal Command over a five year
    period.  The contract value is $128 million.
        The remaining two contracts represent new business wins.  ITT FSC received
    a $156 million contract to provide logistics support services to the Army
    National Training Center and Fort Irwin, California.  ITT FSC will perform
    equipment maintenance, supply, transportation and administrative functions at
    the National Training Center and will support rotational units under
    simulated combat conditions at Ft. Irwin.
        The $6.3 million United Kingdom Communications, Operations and Maintenance
    (UKCOMM) contract calls for ITT FSC to provide the operation and
    maintenance of two manned and twelve unmanned US Air Force communications
    facilities located throughout England, with the anticipated addition of the
    Mildenhall and Lakenheath systems control facilities during the term
    of the contract.  The award was made by the US Air Forces Europe (USAFE) at
    Ramstein Air Base, Germany and is for a period of one year with four one
    year options.
         ITT FSC is headquartered in Colorado Springs, Colorado and provides
    management and technical services on a wide range of government contracts
    with the Department of Defense, Department of Labor, Department of State and
    the National Aeronautics and Space Administration.  With over 5,000 employees,
    ITT FSC operates at 79 locations in the United States and eleven foreign
    countries.
        Headquartered in McLean, Va., 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 transportation.
        ITT Defense & Electronics is a business unit of ITT Industries
    (NYSE: IIN), a leading worldwide diversified manufacturing company, with 1995
    sales of $8.4 billion from its three primary business segments: automotive,
    defense & electronics and fluid technology.  ITT Industries, through its
    Automotive subsidiary, is one of the world's largest independent suppliers of
    systems and components to automotive manufacturers.  The Company, through ITT
    Fluid Technology, is one of the world's leading manufacturers of products,
    systems and services for the movement, measurement and control of fluids.
        In addition to the New York Stock Exchange, ITT Industries' stock is
    traded under the symbol (IIN) on the Basel, Bern, Frankfurt, Geneva, Lausanne,
    London, Midwest, Pacific and Paris exchanges.  More detailed information on
    ITT Industries is available on line at http:\\www.ittind.com.
    
    SOURCE  ITT Industries
    
    

    CONTACT: Millie Dunn Rogers of ITT Defense ''&'' Electronics,
    703-790-6336; or Thomas Martin of ITT Industries, 914-641-2157

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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