ITT Industries, Inc.
Industry: Conglomerates

ITT Industries, Inc. (http://www.itt.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 other specialty products. sales.

Business Summary
ITT Industries, Inc. is a global multi-industry engaged in the design and manufacture of a range of engineered products, and in the provision of related services. Its four business segments are Fluid Technology, Defense Electronics and Services, Motion and Flow Control and Electronic Components. Fluid Technology is a global provider of fluid systems and solutions for the water, wastewater, treatment, building trades, industrial and process and BioPharm markets. Defense Electronics and Services develops, manufactures and supports electronic systems and components for worldwide defense and commercial markets, and provides communications systems and engineering and applied research. Motion and Flow Control consists of a group of units operating in the motion control and flow control market segments. Electronic Components segment provides products and services for the areas of communications, industrial, transportation, military/aerospace, commercial aircraft, computer and consumer uses.

Financial Summary
ITT Industries is engaged in the design and manufacture of a wide range of engineered products focused on the segments of the connectors & switches, defense products & services, pumps & complementary products and specialty products. For the 6 months ended 6/30/05, revenues rose 22% to $3.87B. Net income from cont. ops. rose 30% to $264.1M. Results reflect higher volume in all segments and higher interest income.