ITT Corporation

ITT Industries Declares $0.15 Per Share First Quarter Dividend


        WHITE PLAINS, N.Y., Jan. 14 /PRNewswire/ -- ITT Industries, Inc.
    (NYSE: IIN), a global, diversified manufacturing company, today declared a
    cash dividend of $0.15 per share for the first quarter of 1997, payable
    April 1 to shareholders of record on February 28, 1997.
        The company also fixed March 14, 1997 as the record date for its 1997
    Annual Meeting, which will be held at 10:30 a.m. EST on Thursday, May 15, 1997
    at ITT Automotive's administrative facility, 3000 University Drive, Auburn
    Hills, Michigan.
        ITT Industries is a leading worldwide diversified manufacturing company,
    with 1995 sales of $8.4 billion dollars from its three primary business
    segments: Automotive, Defense & Electronics, and Fluid Technology. ITT
    Automotive is one of  the world's  largest independent suppliers of systems
    and components to automotive manufacturers. ITT Defense & Electronics is a
    world 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, 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 or"
    SOURCE  ITT Industries, Inc.

    CONTACT: Ralph D. Allen of ITT Industries, 914-641-2030

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.


Jason Moss
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