ITT Corporation

ITT Night Vision Wins Major Contract in Switzerland

    1/30/1997

        ROANOKE, Va., Jan. 30 /PRNewswire/ -- ITT Night Vision, in Roanoke, VA
    (USA), a unit of ITT Industries Inc. (NYSE: IIN), recently received a major
    contract from Leica AG in Heerbrugg, Switzerland, to supply Generation (Gen)
    III image intensifier tubes to the Swiss Armed Forces.
        Terms of this contract, valued at $26 Million (U.S.), require ITT Night
    Vision to supply image intensifier tubes to Leica, which will integrate the
    tubes into night vision systems it delivers to the Swiss Army.
        This five-year contract is the largest international contract received to
    date by ITT Night Vision, an operating unit of ITT Defense & Electronics.
    Since 1985, ITT Night Vision has consistently received the maximum allowable
    percentage of all night vision contracts awarded by the U.S. Army.  In
    February 1996, the Company was awarded 100% of the single-source OMNIBUS IV
    contract, the U.S. Government's most recent multiyear procurement of night
    vision devices.
        "ITT Night Vision's reputation as the leading supplier of night vision
    devices to the U.S. military provides unquestioned credibility in
    international markets," stated Neil A. Gallagher, ITT Night Vision President &
    General Manager.  "Receipt of this contract further illustrates our commitment
    to extending Gen III night fighting capabilities to our international allies."
        Recognized world-wide as a leader in the industry, ITT Night Vision's key
    strength lies in image intensifier development and manufacturing.  The image
    intensifier tube is the key component of night vision systems.  Via a three-
    stage process, the tube gathers available light -- present in the night sky
    but not visible to the unaided eye -- and intensifies it to a level of
    brightness that the human eye can see under otherwise dark conditions.
        ITT Defense & Electronics, headquartered in McLean, VA, is a leading
    supplier of high-technology commercial and defense electronic systems,
    semiconductors, standard and customized connectors, and operations and
    maintenance services, with customers in avionics, data communications,
    information systems, military/space and transportation.
        ITT Defense & Electronics is a business unit of ITT Industries, a leading
    worldwide diversified manufacturing company, with 1996 sales of $8.7 billion
    from its three primary business segments: automotive, defense and electronics,
    and fluid technology.  ITT Automotive is one of the world's largest
    independent suppliers of systems and components to automotive manufacturers.
    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.
        NOTE TO EDITORS:  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 Night Vision
    
    

    CONTACT: Laurel N. Holder of ITT Night Vision, 540-362-7374

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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