ITT Corporation

ITT Industries Awarded $70 Million in Government Service Contracts

    6/22/1998

        WHITE PLAINS, N.Y., June 22 /PRNewswire/ -- ITT Industries (NYSE: IIN) has
    been awarded two technical services contracts from the U.S. Air Force totaling
    $70 million.  The contracts cover military facilities in Colorado, California,
    New Hampshire, the United Kingdom and Germany.
        The U.S. Air Force Space Command has awarded ITT Federal Services
    Corporation (FSC), a unit of ITT Systems, a $57.9 million five-year contract
    to provide communications, operations and maintenance and other technical
    support to the 50th space wing organizations at three locations.  Under this
    contract, ITT FSC will support the direct conversion of communications
    operations and maintenance functions for government personnel to the private
    sector at Schriever Air Force Base, Colorado and New Boston Air Station, New
    Hampshire.  In addition, ITT FSC will provide for the ongoing support of
    communications upgrades at Onizuka Air Station, California.
        ITT FSC becomes the main provider of long haul communications support to
    the U.S. Air Force in Europe with the win of a $12.2 million five-year
    contract to provide wideband communications operations and maintenance,
    systems control, and management of the facility control offices for the U.S.
    Air Force - Europe in the United Kingdom and Germany.  The contract, called
    NORTHCOMM, combines UKCOM, on which ITT FSC is the incumbent, with the
    communications sites in Germany, currently being operated and maintained
    directly by the U.S. Air Force.
        ITT Systems is a division of ITT Industries.  ITT Industries
    (http://www.ittind.com) is a leading worldwide diversified manufacturing
    company, with 1997 sales of $8.8 billion in its three primary business
    segments:  Automotive, Defense & Electronics, and Fluid Technology.  In the
    automotive area, ITT Industries is one of the largest independent suppliers of
    systems and components to automotive manufacturers.  In defense & electronics,
    ITT Industries is a leader in the design, manufacture and support of high
    technology electronic systems and components for defense and commercial
    markets.  In fluid technology, ITT Industries is the world's leading
    manufacturer of pumps, 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.
    
        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 Industries
    
    

    Web site: http://www.ittind.com
    CONTACT: Tom Glover, 914-641-2160, or Millie Rogers,
    703-790-6336, or Ilse Ramsey, 719-637-4214, all for 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

Media

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

MEDIA