ITT Industries Wins $50 Million Army Support Contract

White Plains, NY Tuesday, August 1, 2000

ITT Industries, Inc. (NYSE: IIN) has been awarded a $50 million contract to operate the Logistical Support Services at Fort Carson, Colorado.  Under the five-year contract, ITT Industries' Systems Division will provide management, labor, equipment, parts, services and supplies in the major functional areas of supply and services, equipment maintenance, and transportation. The work will be performed in Colorado Springs, Colorado.

Fort Carson is an Army Forces Command installation and the headquarters of the 7th Infantry Division, 3rd Armored Cavalry Regiment, and the 10th Special Forces Group.  The contract was awarded under the procedures of the Office of Management and Budget Circular A-76, Performance of Commercial Activities which allows industry to compete with the government for support contracts.

"As the military continues to outsource more support services, ITT Industries is well positioned to take advantage of this growing market as a full line supplier," said Jim Cameron, President of the Systems Division.  "We're excited about this opportunity to provide services to an important customer right in our backyard."

ITT Industries' Systems Division, headquartered in Colorado Springs, Colorado, provides select government, commercial and international customers value-added, total worldwide systems solutions for their air and missile defense, air traffic control, communications, command & control, range, spacelift and surveillance needs as well as full logistics support services for facilities and equipment.

ITT Industries, Inc. (www.ittind.com) supplies advanced technology products and services in key markets including: electronic interconnects and switches; defense communication, opto-electronics, information technology and services; fluid and water management and specialty products. Headquartered in White Plains,NY, the company generated $4.6 billion in 1999 sales, and employs approximately 38,000 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.

About ITT

ITT is a diversified leading manufacturer of highly engineered critical components and customized technology solutions for the energy, transportation and industrial 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. Founded in 1920, 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 2013 revenues of $2.5 billion. For more information, visit www.itt.com.

Press Contact
Kathleen Bark
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Melissa Trombetta
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melissa.trombetta@itt.com

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