---

SPX Increases Share Repurchase Program to $250 Million

10 February 2000

SPX Increases Share Repurchase Program to $250 Million

    MUSKEGON, Mich., Feb. 10 -- SPX Corporation today
announced that its Board of Directors has authorized an increase in its share
repurchase program for up to $250 million.  The increased authorization is
effective immediately and was initiated in conjunction with a new financing
agreement led by Chase Securities Inc.  The new financing agreement provides
the company with improved financial flexibility for acquisitions, growth
investments, and share repurchases.  The exact timing and amount of share
repurchases will be subject to market conditions and other factors.
    SPX began its share repurchase program in April 1997 and repurchased 20.2%
of its outstanding stock through June 1998.  The program was suspended in July
1998 after the announcement of an acquisition.
    John B. Blystone, Chairman, President and Chief Executive Officer of SPX
Corporation said, "Today's announcement is consistent with our previously
communicated financial strategies and is a result of our focus on cash flow
growth and a reflection of our commitment to creating value for our
shareholders."
    SPX Corporation is a global provider of industrial products and services,
technical products and systems, service solutions and vehicle components.  The
Internet address for SPX Corporation's home page is http://www.spx.com