Exhibit 99.1

              ITT INDUSTRIES REAFFIRMS Q2 AND FY 2006 EPS GUIDANCE

         * Sees Q2 EPS at High End of Guidance, Excluding Special Items

    WHITE PLAINS, N.Y., June 6 /PRNewswire-FirstCall/ -- ITT Industries, Inc.
(NYSE: ITT) Chief Financial Officer George Minnich will today reaffirm the
company's earnings forecast for the second quarter and the full year of 2006.
Minnich's comments are to come during his presentation, scheduled to begin at
2:30pm EDT today, at the JP Morgan Basics & Industrial Conference in New York
City.

    "We are pleased with the continued growth in our water/wastewater business
and our defense segment," Minnich says. "This performance gives us increased
confidence that our second quarter earnings should be at the high end of our
previously stated range of $0.75 -- $0.77 per share, excluding special items."

    The second quarter forecast, excluding special items is $0.75 -- $0.77 per
share and the full year forecast is $2.91 -- $2.97 per share including the
impact of the adoption of FAS123R. Excluding the impact of the adoption of
FAS123R the forecast is $3.00 -- $3.06 per share for the full year. As
previously announced, the company expects to invest the first quarter gains from
the disposition of two businesses into restructuring actions throughout 2006.

    About ITT Industries

    ITT Industries, Inc. (http://www.itt.com) supplies advanced technology
products and services in key markets including: fluid and water management
including water treatment; defense communication, opto-electronics, information
technology and services; electronic interconnects and switches; and other
specialty products. Headquartered in White Plains, NY, the company generated
$7.4 billion in 2005 sales. In addition to the New York Stock Exchange, ITT
Industries stock is traded on the NYSE Arca, Paris, London and Frankfurt
exchanges.

    "Safe Harbor Statement" under the Private Securities Litigation Reform Act
of 1995 ("the Act"): Certain material presented herein includes forward-looking
statements intended to qualify for the safe harbor from liability established by
the Act. These forward-looking statements include statements that describe the
Company's business strategy, outlook, objectives, plans, intentions or goals,
and any discussion of future operating or financial performance. Whenever used,
words such as "anticipate," "estimate," "expect," "project," "intend," "plan,"
"believe," "target" and other terms of similar meaning are intended to identify
such forward-looking statements. Forward-looking statements are uncertain and to
some extent unpredictable, and involve known and unknown risks, uncertainties
and other important factors that could cause actual results to differ materially
from those expressed in, or implied from, such forward-looking statements.
Factors that could cause results to differ materially from those anticipated by
the Company include general global economic conditions, decline in consumer
spending, interest and foreign currency exchange rate fluctuations, availability
of commodities, supplies and raw materials, competition, acquisitions or
divestitures, changes in government defense budgets, employment and pension
matters, contingencies related to actual or alleged environmental contamination,
claims and concerns, intellectual property matters, personal injury claims,
governmental investigations, tax obligations, and changes in generally accepted
accounting principles. Other factors are more thoroughly set forth in Item 1.
Business, Item 1A. Risk Factors, and Item 7. Management's Discussion and
Analysis of Financial Condition and Results of Operations -- Forward-Looking
Statements in the ITT Industries, Inc. Annual Report on Form 10-K for the fiscal
year ended December 31, 2005, and other of its filings with the Securities and
Exchange Commission. The Company undertakes no obligation to update any
forward-looking statements, whether as a result of new information, future
events or otherwise.

SOURCE  ITT Industries, Inc.
    -0-                             06/06/2006
    /CONTACT:  Tom Martin,+1-914-641-2157, or tom.martin@itt.com /
    /Web site:  http://www.itt.com/
    (ITT)