ITT Corporation

ITT Industries Declares $0.15 Per Share Second Quarter Dividend


        WHITE PLAINS, N.Y., April 15 /PRNewswire/ -- ITT Industries, Inc.
    (NYSE: IIN), a global, diversified manufacturing company, today declared a
    cash dividend of $0.15 per share for the second quarter of 1997, payable
    July 1 to shareholders of record on May 30, 1997.
        ITT Industries is a leading global diversified manufacturing company, with
    1996 sales of $8.4 billion dollars 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.
        ITT Industries' stock (IIN) is traded on the New York, 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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Laurent Lawrence
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