ITT Corporation

ITT Industries Declares $0.15 Per Share First Quarter Dividend


        WHITE PLAINS, N.Y., Jan. 20 /PRNewswire/ -- ITT Industries, Inc.
    (NYSE: IIN), a global, diversified manufacturing company, today declared a
    cash dividend of $0.15 per share for the first quarter of 1998, payable
    April 1, 1998 to shareholders of record on February 27, 1998.
        ITT Industries is a leading worldwide 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.
    SOURCE  ITT Industries, Inc.

    Web site:
    CONTACT: Ralph D. Allen of ITT Industries, 914-641-2030
    NOTE TO EDITORS: This is ITT Industries (NYSE: IIN) not ITT
    Corporation (NYSE: ITT). Any shorthand reference to ITT will be

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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