ITT Corporation

ITT Industries Declares $0.15 Per Share Second Quarter Dividend

    5/13/1999

        WHITE PLAINS, N.Y., May 13 /PRNewswire/ -- The Board of Directors of ITT
    Industries, Inc. (NYSE: IIN) today declared a cash dividend of $0.15 per share
    for the second quarter of 1999, payable July 1, 1999, to shareholders of
    record on May 28, 1999.
        ITT Industries, Inc. (http://www.ittind.com) is a global industrial
    manufacturing company with leading positions in the markets that it serves,
    generating 1998 global sales of $4.5 billion.  ITT Industries is the world's
    premier and largest producer of pumps and produces other systems and services
    to move and control fluids.  The company is also a leading supplier of
    sophisticated military defense systems, and provides advanced technical and
    operational services to a broad range of government agencies.  ITT Industries
    is a leading provider of connectors, switches and cabling used in
    telecommunications, computing, aerospace and industrial applications, as well
    as network services.  Further, ITT Industries provides industrial components
    for a number of other markets, including transportation, construction and
    aerospace.  Based in White Plains, NY, ITT Industries employs approximately
    33,000 people around the world.
        ITT Industries' stock 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 http://www.ittind.com.  To receive releases by fax, call
    800-758-5804, extension 110006.
    
    SOURCE  ITT Industries, Inc.
    
    

    Web site: http://www.ittind.com
    CONTACT: Tom Glover of ITT Industries, Inc., 914-641-2160,
    tglover@hq.ittind.com

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