COLORADO SPRINGS, Colo., Oct. 22 /PRNewswire/ -- ITT Federal Services
International Corporation, a subsidiary of ITT Federal Services Corporation
(ITT FSC), along with the Abdulla Fouad Company, Ltd., and the Tamimi Group
announced today they have formed a Saudi Arabian Joint Venture Company named
ITT Federal Services Arabia, Ltd. The commercial registration forming the
company was issued in September. The new company's headquarters will be
located in the city of Dammam in the Kingdom of Saudi Arabia.
ITT Federal Services Arabia, Ltd. will combine the expertise and unique
work experience of three internationally recognized companies. Its major
focus will be to provide management and technical services for integration,
installation, and operations and maintenance of communications, electronic and
mechanical systems. The company will also provide logistics support and
facilities maintenance services. ITT Federal Services Arabia will serve both
government and commercial customers in the Kingdom of Saudi Arabia.
ITT FSC, headquartered in Colorado Springs, Colorado, provides management
and technical services on a wide range of government contracts with the U.S.
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 12 foreign countries.
ITT FSC is a wholly owned subsidiary of ITT Industries. ITT Industries
(http://www.ittind.com) is a leading worldwide-diversified manufacturing
company with 1996 sales of $8.4 billion from its three primary business
segments: Automotive, Defense & Electronics and Fluid Technology. ITT
Automotive is one of the largest independent suppliers of systems and
components to automotive manufacturers. ITT Defense & Electronics is a leader
in the design, manufacture and support of high technology electronic systems
and components for defense and commercial markets. 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 Midwest, London, Frankfurt and Paris
The Abdulla Fouad Group was formed 50 years ago in Ras Tanura, Saudi
Arabia. From its beginnings as a small construction company, the Group has
grown to include diversified activities consisting of manufacturing,
engineering, computing, service, real estate, investment and commercial
trading. This group of companies represents one of the most successful
ventures in the Gulf Region and is ranked among the top 100 companies within
Saudi Arabia. Currently headed by its founder, Sheikh Abdulla Fouad, the
Abdulla Fouad Group is headquartered in Dammam, Saudi Arabia, with regional
sales and service locations throughout the Kingdom of Saudi Arabia and a
network of procurement offices in the United States, Europe and Asia. Sheikh
Abdulla Fouad is the Chairman of the Board of Directors of ITT Federal
Services Arabia, Ltd.
The Tamimi Group of companies, also one of the top 100 companies in Saudi
Arabia, was founded in 1953 by the late Sheikh Ali A. Tamimi and is wholly
owned by the Tamimi family. The founder's four sons manage this group of
companies. With over 7,000 employees throughout the Kingdom, the Tamimi Group
specializes in engineering and construction, life support, catering,
operations and maintenance services, supermarkets, food services, luxury
hotels, laundries, insurance, fabrication of industrial insulation materials,
blending of oils and chemicals for the petroleum industry, and the development
and application of corrosion inhibiting thermoplastic coatings and related
ITT Federal Services Arabia, Ltd. has commenced operations and is actively
pursuing business opportunities throughout the Kingdom of Saudi Arabia.
SOURCE ITT Federal Services Corporation
Web site: http://www.ittind.com
NOTE TO EDITORS: This is ITT Industries -- NYSE: IIN -- not ITT
Corporation -- NYSE: ITT. Any shorthand reference to ITT will be
incorrect. This release and any additional information is also
available through fax on demand by dialing 800-546-4698.
CONTACT: Ilse Ramsey of ITT Industries, 719-597-3787