ITT Corporation

ITT Industries Services Group Wins $50 Million Contract

    10/9/1997

        WHITE PLAINS, N.Y., Oct. 9 /PRNewswire/ -- ITT Federal Services
    Corporation (FSC), a subsidiary of ITT Industries (NYSE: IIN), has been
    awarded a $50 million contract for logistical support services at Fort Sill,
    Oklahoma.  This is a follow-on to an existing contract.
        Under the contract, ITT FSC will staff, operate and administer support
    activities for the  Training and Doctrine Command units of the U.S. Army and
    U.S. Army Forces Command units as well as Army Reserve and Army ROTC units
    supported by Fort Sill.  This support includes maintaining unit combat
    readiness, supporting the training of field artillery personnel and meeting
    the U.S. Army's mobilization requirements.  In addition, ITT FSC will be
    responsible for transportation management, vehicle and equipment maintenance,
    motor vehicle operations, weapons maintenance/repair and supply support
    activities.
        ITT FSC, headquartered in Colorado Springs, Colorado, 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 11 foreign countries.
        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 electronics 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 on the Midwest, Pacific, London, Frankfurt and Paris exchanges.
    
    SOURCE  ITT Industries
    
    

    CONTACT: Tom Martin, 914-641-2157, or Ilse Ramsey, 719-597-3787,
    both of ITT Industries

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.

Investors

Jason Moss
tel +1 914-641-2030
jason.moss@itt.com

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Laurent Lawrence
tel +1 914-304-1809
laurent.lawrence@itt.com

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