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ITT Automotive Is Top Contributor of SCORE Program

7 August 1998

ITT Automotive Is Top Contributor of Cost Savings For Chrysler's 1998 Model Year S.C.O.R.E. Program

    AUBURN HILLS, Mich., Aug. 6 --  ITT Automotive, a unit of ITT
Industries, Inc. , said today that it was the leading contributor
of cost savings under Chrysler's Supplier Cost Reduction Effort
(SCORE) program for the 1998 model year.
    During the year, ITT Automotive produced cost savings of more than $31.4
million.  Those savings are on top of cost reductions totaling more than $134
million that ITT Automotive's operations have generated for Chrysler in the
three prior years.
    ITT Automotive is one of Chrysler's largest global suppliers and systems
integrators.  That includes managing the integration program for the entire
brake system of the new 1999 Jeep(R) Grand Cherokee.  ITT Automotive also
supplies Chrysler's global manufacturing operations with a wide range of brake
and chassis, electrical and fluid handling systems and other components.
    Chrysler achieved $2.1 billion in cost savings through its 1998 SCORE
program, representing a $600 million increase over its original goal of
$1.5 billion and up $900 million over last year's $1.2 billion total.
    The SCORE contribution is the eighth major honor that ITT Automotive has
received this year from Chrysler.  Earlier this year, Chrysler awarded seven
of ITT Automotive's plants with Gold Pentastar Awards for their high
performance in meeting the automaker's needs for quality, cost reduction, on-
time deliveries and other supplier excellence criteria.
    ITT Automotive is a unit of ITT Industries, Inc. (http://www.ittind.com),
a leading worldwide diversified manufacturing company, with 1997 sales of
$8.8 billion from its three primary business segments: automotive, defense &
electronics and fluid technology.  In the automotive area, ITT Industries is
one of the largest independent suppliers of systems and components to
automotive manufacturers.  ITT Industries' defense and electronics business is
a leader in the design, manufacture and support of high technology electronic
systems and components for defense and commercial markets.  ITT Industries'
fluid technology business is the world's leading manufacturer of pumps,
systems and services for the movement, measurement and control of fluids.
Based in White Plains, New York, ITT Industries employs more than 58,000
people around the world.
    In addition to the New York Stock Exchange, ITT Industries' stock is
traded under the symbol ("IIN") on the 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; for ITT Automotive visit
http://www.ittautomotive.com.  To receive releases by fax, call 800-758-5804,
extension 110006 for ITT Industries, or extension 437525 for ITT Automotive.