ITT Corporation

ITT Industries Closes Sale of Its Barton Instruments Business

    4/15/1998

        WHITE PLAINS, N.Y., April 15 /PRNewswire/ -- ITT Industries (NYSE: IIN)
    announced today that it has completed the sale of its Barton fluid measurement
    business to Barton Instrument Systems, L.L.C., an affiliate of American
    Commercial Holdings, Inc. of Lexington, Kentucky.  ITT Industries announced it
    had signed an agreement to sell the unit on March 4, 1998.  This sale is
    another step in the company's continuing refinement of its portfolio of
    businesses.  Terms of the sale were not disclosed.
        Barton produces process measurement instruments and systems, most notably
    for the oil and gas industry.  It posted 1997 sales of $78 million, and
    employs 550 people at five locations in the U.S., Canada and Great Britain.
        ITT Industries ( http://www.ittind.com ) is a leading global 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 industry, ITT Industries is one of the world's largest
    independent suppliers of systems and components to automotive manufacturers.
    In the defense & electronics area, ITT Industries is a leader in the design,
    manufacture and support of high technology electronic systems and components,
    including Night Vision, tactical communications and mobile telecommunications.
    In fluid technology, ITT Industries is the world's leading manufacturer of
    pumps, systems and services for the movement, measurement and control of
    fluids.  Headquartered in White Plains, N.Y., ITT Industries employs more than
    58,000 people around the world.
        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' news releases are available at no
    charge via fax and the Internet.  For ITT Industries news and information on
    the Internet, visit http://www.ittind.com.  To receive releases by fax, call
    800-758-5804, extension 110006 for ITT Industries, or extension 114898 for ITT
    Fluid Technology.
    
    SOURCE  ITT Industries
    
    

    Web site: http://www.ittind.com
    CONTACT: Tom Glover of ITT Industries, 914-641-2160; or Bjorn Von
    Euler of ITT Fluid Technology, 201-670-3522

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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Jason Moss
tel +1 914-641-2030
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