ITT Corporation

ITT Industries Declares $0.15 Per Share Third Quarter Dividend


        WHITE PLAINS, N.Y., July 28 /PRNewswire/ -- ITT Industries, Inc.
    (NYSE: IIN), a global, diversified manufacturing company, today declared a
    cash dividend of $0.15 per share for the third quarter of 1998, payable
    October 1, 1998 to shareholders of record on August 28, 1998.
        ITT Industries is a leading worldwide diversified manufacturing company,
    with 1997 sales of $8.8 billion dollars from its three primary business
    segments:  automotive, defense & electronics, and fluid technology.  ITT
    Industries, through its automotive unit, is one of the largest independent
    suppliers of systems and components of automotive manufacturers. In the area
    of defense and 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 largest pump manufacturer and a leading producer of products,
    systems and services for the movement and control of fluids.  Based in White
    Plains, New York, ITT Industries employs more than 58,000 people around the
        ITT Industries' stock (IIN) is traded on the New York, 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  To receive releases by fax, call
    800-758-5804, extension 110006.
    SOURCE  ITT Industries, Inc.

    Web site:
    CONTACT: Tom Glover of ITT Industries, 914-641-2160

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
tel +1 914-641-2030


Laurent Lawrence
tel +1 914-304-1809