ITT Corporation

ITT Industries Announces 1997 College Scholarship Winners

    5/13/1997

        WHITE PLAINS, N.Y., May 13 /PRNewswire/ -- ITT Industries, Inc.
    (NYSE: IIN) today awarded 25 scholarships; 22 college and 3
    vocational/technical scholarships, to high school seniors, all children of ITT
    Industries employees.  Winners, selected on the basis of outstanding academic
    achievement and personal accomplishments, were chosen from a group of
    applicants from the families of over 24,000 U.S.-based ITT Industries
    employees.
        "As part of our continued commitment to our employees and their families,
    we are very pleased to award scholarships to these exceptional students.  We
    hope the scholarships will provide an opportunity to build on the excellent
    work the winners have already demonstrated,"  said Travis Engen, chairman,
    president and chief executive of ITT Industries.
        Under the program, the amount of each scholarship is based on the
    financial needs of the student recipient in attending the college of his or
    her choice.  This year, the average renewable scholarship was approximately
    $6,500.
        "The ITT Industries scholarship program is designed not only to recognize
    outstanding academic achievement, but also to help parents meet the growing
    cost of a college education," Mr. Engen said. "We are helping these students
    who deserve financial aid complete their undergraduate degree in their
    preferred area of study," he continued.
        The program is administered by an independent organization, the College
    Scholarship Service, a division of the Educational Testing Service in
    Princeton, NJ.  The scholarship recipients were selected by the College
    Scholarship Service after a thorough review of the applicants.  Children of
    members of ITT Industries' board of directors and senior officers of the
    corporation are not eligible for scholarships offered under this program.
        In the selection process, the College Scholarship Service considered
    academic achievement and promise, community service and demonstrated
    leadership.
        The typical recipient's parent has worked for the company for
    more than 15 years.  The parents hold a variety of positions, including:
    Designer, Tooling Engineer, Senior Systems Analyst and Machinist.
        ITT Industries (http://www.ittind.com) is a leading worldwide diversified
    manufacturing company, with 1996 sales of over $8.4 billion from its three
    primary business segments: automotive, defense & electronics, and fluid
    technology. ITT Industries, through its ITT Automotive unit, is one of the
    largest independent suppliers of systems and components of 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 largest 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, Pacific, London, Frankfurt and
    Paris exchanges.
        ITT Industries and its subsidiaries' press releases are available at no
    charge via fax and the Internet.  To receive releases by fax, call
    800-758-5804, extension 110006.  For ITT Industries' news on the Internet,
    visit http://www.ittind.com or http://www.prnewswire.com.
    
    SOURCE  ITT Industries
    
    

    CONTACT: 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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