ITT Corporation

ITT Industries' Partnership Commissions Nation's First Commercial Launch Facility


                        - First Launch Scheduled for Late '99 -
        WHITE PLAINS, N.Y., May 18 /PRNewswire/ -- Spaceport Systems International
    (SSI), a limited partnership between ITT Industries (NYSE: IIN) and California
    Commercial Spaceport, Inc., officially announced the operating capability of
    its Spaceport Launch Facility today in a commissioning ceremony at Vandenberg
    Air Force Base.
        "The nation's first commercial launch facility is open for business as a
    full service Spaceport and we're ready for our first satellite launch this
    fall," said Earl Severo, CEO, Spaceport Systems International.  "This is an
    important step to providing affordable, high quality launch services for both
    the commercial and government marketplace."
        The ceremony was attended by community leaders, U.S. Space industry
    leaders, and by representatives from NASA and the U.S. Air Force.
        Under a contract awarded by the U.S. Air Force, SSI will provide
    commercial range and launch site services for payloads being jointly developed
    by the U.S. Air Force Academy and Weber State University.  The satellite
    launch is scheduled for this fall.
        SSI's launch facility is located in the southern-most corner of Vandenberg
    Air Force Base and is ideally situated to support direct injection into a
    broad range of polar orbit inclinations.  The launch facility can handle
    24 small-to medium-class launch vehicles a year, and can accommodate multiple
    launch configurations.
        In addition to the launch facility, the Spaceport consists of an
    Integrated Processing Facility for payload processing, and other range and
    launch site services.  SSI's payload processing customers include Lockheed
    Martin and NASA.
        ITT Industries and the California Commercial Spaceport, Inc. formed a
    limited partnership that resulted in the formation of Spaceport Systems
    International L.P.  Since its formation, the company has focused its efforts
    to bring commercial space services to the central coast of California.
        ITT Industries ( 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.
        In addition to the New York Stock Exchange, ITT Industries' common stock
    is traded on the Midwest, Pacific, London, Frankfurt and Paris exchanges.
        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 or
    SOURCE  ITT Industries

    Web site:
    Company News On-Call:
    or fax, 800-758-5804, ext. 110006
    CONTACT: Tom Glover of ITT Industries, 914-641-2160; or Earl
    Severo of Spaceport Systems International, 805-733-7370

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