The actions we have taken, and those we will take over the next year, demonstrate clearly the degree to which ITT Industries is committed to increasing shareholder value.

205

These charges are driven by the impact of significant external cost increases and competitive pressures on some of our businesses in 2005.

68

Will have access to the full range of infrastructure- related and industrial markets.

56

The strong results for the second quarter reflect our steady progress against industry-wide cost pressures.

44

This was a solid performance in the face of continuing stiff headwinds from rising raw material and energy costs and currency movements, and reflects a sharp focus on managing the things within our control and the steady execution of our operating agenda.

40