ITT Industries has appointed new sales and marketing directors in its Fluid Handling Division at the Morton Grove, IL facility.

The ITT Industries, Inc. (NYSE: ITT) Board of Directors has voted to promote Brenda L. Reichelderfer to the position of Senior Vice President of the corporation. Reichelderfer is President of the company’s Motion & Flow Control businesses, and was elected Vice President of the corporation in 2001.

ITT Industries, Inc. (NYSE: ITT) Board of Directors named Ralph F. Hake a Director of the corporation. Hake, 53, is the Chairman and Chief Executive Officer of the Maytag Corporation (NYSE: MYG) in Newton, Iowa.

The Board of Directors of ITT Industries, Inc. (NYSE: ITT) today elected Scott A. Crum to the position of Senior Vice President, Director of Human Resources for the Corporation. Crum joined ITT Industries recently as Director of Human Resources, responsible for establishing policy and leading the company’s global human resources strategy.

ITT Industries’ Fluid Technology segment reported third quarter revenues of $484.7 million, up $37.7 million or 8 percent from the third quarter 2001. Operating income for the quarter rose $3.4 million or 6 percent to $63.9 million, reflecting higher volume and process improvements.

WHITE PLAINS, N.Y., — ITT Industries, Inc. (NYSE: ITT) announced that it has acquired Svedala Robot B.V., a leading manufacturer of high quality submersible pumps and pump systems used in wastewater applications. These pumps complement the range of pumps and pump systems that ITT Flygt currently offers to the wastewater market, and are expected to fuel additional growth for ITT Industries in this sector both in the US, Europe and Asia.

ITT Industries, Inc. (NYSE: ITT) announced that it has acquired Flowtronex PSI Inc., a leading global manufacturer of modular pumping systems for golf courses and other turf irrigation, sports fields, municipal and commercial properties.

Chairman Louis Giuliano announced that the company is in discussion with the State Environmental Protection Administration (SEPA) in China to sponsor China’s entry into the prestigious Stockholm Junior Water Prize starting in 2003.

Tarrytown, New York, May 7, 2002 – ITT Industries, Inc. (NYSE: ITT) Chairman, President and Chief Executive Officer Lou Giuliano told shareholders that the company, having completed a successful year in 2001, is confident in its ability to deliver another year of earnings growth in 2002. Giuliano delivered his remarks this morning at the seventh annual meeting of ITT Industries shareholders at Tappan Hill, Tarrytown, New York.

Tarrytown, New York, May 7, 2002- ITT Industries, Inc.’s (NYSE: ITT) Board of Directors today declared a $0.15 per share dividend for the second quarter of 2002.