ITT Corporation

ITT Industries to Announce Growth Plans, Financial Targets

    6/28/1999

        WHITE PLAINS, N.Y., June 28 /PRNewswire/ -- Travis Engen, Chairman and
    Chief Executive of ITT Industries, Inc. (NYSE: IIN) will outline the company's
    growth strategy at a meeting of financial analysts tomorrow morning in New
    York City.  Engen's presentation will include specific financial targets the
    company expects to achieve through 2003.
        Other executives, including President and Chief Operating Officer Louis J.
    Giuliano and Executive Vice President and Chief Financial Officer Heidi Kunz,
    will elaborate on their plans to achieve these goals.
        ITT Industries, Inc. (http://www.ittind.com) is a global industrial
    manufacturing company with leading positions in the markets that it serves,
    generating 1998 sales of $4.5 billion.  ITT Industries is the world's largest
    producer of pumps and also produces systems and services to move and control
    water and other fluids.  The company is also a major 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 http://www.ittind.com or http://www.prnewswire.com.
    
    SOURCE  ITT Industries, Inc.
    
    

    Web site: http://www.ittind.com
    Company News On-Call: http://www.prnewswire.com/comp/110006.html
    or fax, 800-758-5804, ext. 110006
    CONTACT: Tom Glover of ITT Industries, Inc., 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.

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