<PAGE>   1
 
   AS FILED WITH THE SECURITIES AND EXCHANGE COMMISSION ON SEPTEMBER 24, 1998
 
                                                     REGISTRATION NO.
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
                       SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D.C. 20549
                               ------------------
 
                                    FORM S-8
 
                             REGISTRATION STATEMENT
                                     UNDER
                           THE SECURITIES ACT OF 1933
                               ------------------
 
                              ITT INDUSTRIES, INC.
               (EXACT NAME OF ISSUER AS SPECIFIED IN ITS CHARTER)
 
<TABLE>
<S>                                            <C>
                   INDIANA                                       13-5158950
       (STATE OR OTHER JURISDICTION OF                        (I.R.S. EMPLOYER
        INCORPORATION OR ORGANIZATION)                      IDENTIFICATION NO.)
</TABLE>
 
                  4 WEST RED OAK LANE, WHITE PLAINS, NY 10604
                    (ADDRESS OF PRINCIPAL EXECUTIVE OFFICES)
                               ------------------
 
                         ITT INDUSTRIES INVESTMENT AND
                                SAVINGS PLAN FOR
                               SALARIED EMPLOYEES
                            (FULL TITLE OF THE PLAN)
                               ------------------
 
     GWENN L. CARR, VICE PRESIDENT, SECRETARY AND ASSOCIATE GENERAL COUNSEL
                              ITT INDUSTRIES, INC.
                              4 WEST RED OAK LANE
                             WHITE PLAINS, NY 10604
                    (NAME AND ADDRESS OF AGENT FOR SERVICE)
 
  TELEPHONE NUMBER, INCLUDING AREA CODE, OF AGENT FOR SERVICE: (914) 641-2000
 
                             ---------------------
 
                        CALCULATION OF REGISTRATION FEE
 
<TABLE>
<CAPTION>
------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------
                                                      PROPOSED            PROPOSED
                                       AMOUNT          MAXIMUM             MAXIMUM            AMOUNT OF
       TITLE OF SECURITIES             TO BE       OFFERING PRICE         AGGREGATE         REGISTRATION
        TO BE REGISTERED*            REGISTERED      PER SHARE**      OFFERING PRICE**           FEE
------------------------------------------------------------------------------------------------------------
<S>                                 <C>          <C>                 <C>                 <C>
Common Stock ($1 par value per
  share)..........................   7,500,000         $32.97           $247,275,000         $72,946.13
                                       shares
Series A Participating Cumulative
  Preferred Stock Purchase
  Rights..........................   7,500,000
                                      rights+
------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------
</TABLE>
 
      * In addition, pursuant to Rule 416(c) under the Securities Act of 1933,
this registration statement also covers an indeterminate amount of interests to
be offered or sold pursuant to the employee benefit plan described herein.
 
     ** Estimated solely for the purpose of determining the registration fee
and, in accordance with Rule 457(h), based upon the average of the high and low
sale prices of the Common Stock reported in the consolidated reporting system
for September 22, 1998.
 
      + The Series A Participating Cumulative Preferred Stock Purchase Rights
(the "Rights") are appurtenant to and trade with the Common Stock. The value
attributable to the Rights, if any, is reflected in the market value of the
Common Stock and the registration fee for the Rights is included in the fee for
the Common Stock.
 
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
<PAGE>   2
 
                                    PART II
 
               INFORMATION REQUIRED IN THE REGISTRATION STATEMENT
 
ITEM 3.  INCORPORATION OF DOCUMENTS BY REFERENCE.
 
     The following documents filed by the Company, and by the ITT Industries
Investment and Savings Plan for Salaried Employees (the "Plan") in the case of
item (e), with the Securities and Exchange Commission (the "Commission") (File
No. 1-5627) are hereby incorporated by reference in this registration statement:
 
          (a) Annual Report on Form 10-K for the year ended December 31, 1997;
 
          (b) Quarterly Reports on Form 10-Q for the quarters ended March 31 and
     June 30, 1998;
 
          (c) Proxy Statement for the Special Meeting of Shareholders on
     September 21, 1995 (Filed with the Commission on August 28, 1995);
 
          (d) Form 8-A dated December 20, 1995; and
 
          (e) Annual Report on Form 11-K for the year ended December 31, 1997.
 
     All documents subsequently filed by the Company or the Plan with the
Commission pursuant to Sections 13(a), 13(c), 14 and 15(d) of the Securities
Exchange Act of 1934 prior to the filing with the Commission of a post-effective
amendment which indicates that all securities offered have been sold or which
deregisters all securities then remaining unsold, shall be deemed to be
incorporated by reference in the registration statement and to be a part thereof
from the date of filing of such documents. Any statement contained in a document
incorporated or deemed to be incorporated by reference shall be deemed to be
modified or superseded to the extent that a statement contained in the
registration statement or in any other subsequently filed document which also is
incorporated or deemed to be incorporated by reference modifies or supersedes
such statement. Any such statement so modified or superseded shall not be
deemed, except as so modified or superseded, to constitute a part of this
registration statement.
 
ITEM 4.  DESCRIPTION OF SECURITIES.
 
     Not applicable.
 
ITEM 5.  INTERESTS OF NAMED EXPERTS AND COUNSEL.
 
     The audited financial statements and schedules incorporated by reference in
this registration statement have been audited by Arthur Andersen LLP,
independent public accountants, as indicated in their reports with respect
thereto, and are incorporated herein by reference in reliance upon the authority
of said firm as experts in accounting and auditing in giving said reports.
Reference is made to the report dated January 26, 1998 on the consolidated
financial statements of ITT Industries, Inc. and subsidiaries included in ITT
Industries, Inc.'s Annual Report on Form 10-K for the year ended December 31,
1997, which includes an explanatory paragraph with respect to the change in the
method of accounting for reengineering costs incurred in connection with the
development of and installation of software for internal use in 1997 as
discussed in Note 2 to the financial statements.
 
     Robert W. Beicke, Esq., whose legal opinion with respect to the securities
registered hereunder is filed as Exhibit 5(a) hereto, is an employee of the
Company and participates in certain of its stock benefit plans.
 
ITEM 6.  INDEMNIFICATION OF DIRECTORS AND OFFICERS.
 
     Sections 23-1-37-8 and 23-1-37-13 of the Indiana Business Corporation Law
("IBCL") provide that the Company may indemnify any individual made a party to a
proceeding (including a proceeding by or in the right of the Company) because
the individual is or was a director, officer, employee or agent of the Company
against liability incurred in the proceeding if the individual acted in good
faith and reasonably believed (i) in the case of conduct in the individual's
official capacity with the Company, that the individual's conduct was in the
Company's best interests and (ii) in all other cases, that the individual's
conduct was at least not opposed to the Company's best interests. In the case of
any criminal proceeding, the individual must have had either reasonable cause to
believe the conduct was lawful or no reasonable cause to believe that it was
unlawful. The
 
                                      II-1
<PAGE>   3
 
Company's By-laws provide for the above indemnification of directors and
officers. Reference is made to the Company's By-laws filed with the Company's
Form 8-K Current Report dated June 5, 1997. In addition, Sections 23-1-37-9 and
23-1-37-13 of the IBCL provide that the Company, unless limited by its Articles
of Incorporation, must indemnify a director or officer who was wholly successful
in the defense of any proceeding to which the director or officer was a party
because the director or officer is or was a director or officer of the Company
against reasonable expenses incurred by the director or officer in connection
with the proceeding. The Company's Articles of Incorporation do not limit the
indemnification provided by the IBCL. Reference is made to the Company's
Restated Articles of Incorporation filed with the Company's Form 10-Q for the
quarterly period ended June 30, 1997.
 
     The Company also has provided liability insurance for the directors and
officers for certain losses arising from claims or charges made against them
while acting in their capacities as directors or officers and has entered into
an indemnification agreement with each of its directors. Under its form of
indemnification agreement, the Company agrees to indemnify its directors against
all expenses, liabilities or losses incurred by the directors in their capacity
as such: (i) to the fullest extent permitted by applicable law; (ii) as provided
in the By-laws of the Company as in effect on the date of such agreement; and
(iii) in the event the Company does not maintain the aforementioned insurance or
comparable coverage, to the full extent provided in the applicable policies as
in effect on the date of such agreement (the Company's obligations described in
(ii) and (iii) being subject to certain exceptions).
 
ITEM 7.  EXEMPTION FROM REGISTRATION CLAIMED.
 
     Not Applicable.
 
ITEM 8.  EXHIBITS.
 
     See Exhibit Index elsewhere herein.
 
ITEM 9.  UNDERTAKINGS.
 
(a) The undersigned registrant hereby undertakes:
 
     (1) to file, during any period in which offers or sales are being made, a
post-effective amendment to this registration statement:
 
           (i) to include any prospectus required by section 10(a)(3) of the
     Securities Act of 1933;
 
           (ii) to reflect in the prospectus any facts or events arising after
     the effective date of the registration statement (or the most recent
     post-effective amendment thereof) which, individually or in the aggregate,
     represent a fundamental change in the information set forth in the
     registration statement; and
 
          (iii) to include any material information with respect to the plan of
     distribution not previously disclosed in the registration statement or any
     material change to such information in the registration statement;
 
 provided, however, that paragraphs (a)(1)(i) and (a)(1)(ii) do not apply if the
registration statement is on Form S-3 or Form S-8 and the information required
to be included in a post-effective amendment by those paragraphs is contained in
periodic reports filed by the registrant pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934 that are incorporated by reference in the
registration statement;
 
     (2) that, for the purpose of determining any liability under the Securities
Act of 1933, each such post-effective amendment shall be deemed to be a new
registration statement relating to the securities offered therein, and the
offering of such securities at that time shall be deemed to be the initial bona
fide offering thereof; and
 
     (3) to remove from registration by means of a post-effective amendment any
of the securities being registered which remain unsold at the termination of the
offering.
 
                                      II-2
<PAGE>   4
 
(b) The undersigned registrant hereby undertakes that, for purposes of
determining any liability under the Securities Act of 1933, each filing of the
registrant's annual report pursuant to Section 13(a) or 15(d) of the Securities
Exchange Act of 1934 (and, where applicable, each filing of an employee benefit
plan's annual report pursuant to Section 15(d) of the Securities Exchange Act of
1934) that is incorporated by reference in the registration statement shall be
deemed to be a new registration statement relating to the securities offered
therein, and the offering of such securities at that time shall be deemed to be
the initial bona fide offering thereof.
 
(c) Insofar as indemnification for liabilities arising under the Securities Act
of 1933 may be permitted to directors, officers and controlling persons of the
registrant pursuant to the foregoing provisions, or otherwise, the registrant
has been advised that in the opinion of the Securities and Exchange Commission
such indemnification is against public policy as expressed in the Act and is,
therefore, unenforceable. In the event that a claim for indemnification against
such liabilities (other than the payment by a registrant of expenses incurred or
paid by a director, officer or controlling person of the registrant in the
successful defense of any action, suit or proceeding) is asserted by such
director, officer or controlling person in connection with the securities being
registered, the registrant will, unless in the opinion of its counsel the matter
has been settled by controlling precedent, submit to a court of appropriate
jurisdiction the question whether such indemnification by it is against public
policy as expressed in the Act and will be governed by the final adjudication of
such issue.
 
                                      II-3
<PAGE>   5
 
                                   SIGNATURES
 
     PURSUANT TO THE REQUIREMENTS OF THE SECURITIES ACT OF 1933, THE REGISTRANT
CERTIFIES THAT IT HAS REASONABLE GROUNDS TO BELIEVE THAT IT MEETS ALL OF THE
REQUIREMENTS FOR FILING ON FORM S-8 AND HAS DULY CAUSED THIS REGISTRATION
STATEMENT TO BE SIGNED ON ITS BEHALF BY THE UNDERSIGNED, THEREUNTO DULY
AUTHORIZED, AND BY THE UNDERSIGNED IN THE CAPACITY INDICATED, IN THE CITY OF
WHITE PLAINS AND STATE OF NEW YORK ON THIS 22ND DAY OF SEPTEMBER, 1998.
 
                                          ITT Industries, Inc.
 
                                          By:             HEIDI KUNZ
 
                                            ------------------------------------
                                                         Heidi Kunz
                                              Senior Vice President and Chief
                                                      Financial Officer
                                            (Principal Financial and Accounting
                                                           Officer)
 
                               POWER OF ATTORNEY
 
     KNOW ALL MEN BY THESE PRESENTS, that each person whose signature appears
below constitutes and appoints VINCENT A. MAFFEO, GWENN L. CARR and ROBERT W.
BEICKE, and each of them, his or her true and lawful attorney-in-fact and agent,
with full power of substitution and resubstitution, for him or her and in his or
her name, place and stead, in any and all such capacities, to sign any and all
amendments to this registration statement, and to file the same, with all
exhibits thereto, and other documents in connection therewith, with the
Securities and Exchange Commission, granting unto said attorneys-in-fact and
agents, and each of them, full power and authority to do and perform each and
every act and thing requisite and necessary to be done in and about the
premises, as fully to all intents and purposes as he or she might or could do in
person, hereby ratifying and confirming all that said attorneys-in-fact and
agents, or any of them, or their or his or her substitute or substitutes, may
lawfully do or cause to be done by virtue hereof.
 
     PURSUANT TO THE REQUIREMENTS OF THE SECURITIES ACT OF 1933, THIS
REGISTRATION STATEMENT HAS BEEN SIGNED BY THE FOLLOWING PERSONS IN THE
CAPACITIES AND ON THE DATES INDICATED.
 
<TABLE>
<CAPTION>
                      SIGNATURE                                   TITLE                     DATE
                      ---------                                   -----                     ----
<S>                                                    <C>                           <C>
 
TRAVIS ENGEN                                             Chairman, President and     September 22, 1998
-----------------------------------------------------             Chief
Travis Engen                                              Executive and Director
(Principal Executive Officer)
 
RAND V. ARASKOG                                                  Director            September 22, 1998
-----------------------------------------------------
Rand V. Araskog
 
ROBERT A. BURNETT                                                Director            September 22, 1998
-----------------------------------------------------
Robert A. Burnett
 
CURTIS J. CRAWFORD                                               Director            September 22, 1998
-----------------------------------------------------
Curtis J. Crawford
 
S. PARKER GILBERT                                                Director            September 22, 1998
-----------------------------------------------------
S. Parker Gilbert
</TABLE>
 
                                      II-4
<PAGE>   6
 
<TABLE>
<CAPTION>
                      SIGNATURE                                   TITLE                     DATE
                      ---------                                   -----                     ----
<S>                                                    <C>                           <C>
EDWARD C. MEYER                                                  Director            September 22, 1998
-----------------------------------------------------
Edward C. Meyer
 
SIDNEY TAUREL                                                    Director            September 22, 1998
-----------------------------------------------------
Sidney Taurel
</TABLE>
 
     The Plan.  Pursuant to the requirements of the Securities Act of 1933, the
Plan has duly caused this registration statement to be signed on its behalf by
the undersigned, thereunto duly authorized, in the City of White Plains, and
State of New York, on the 22nd day of September, 1998.
 
                                          ITT Industries Investment and
                                          Savings Plan for Salaried Employees
 
                                          By:     /s/ THOMAS R. MASKERY
 
                                            ------------------------------------
                                                     Thomas R. Maskery
                                                       Administrator
 
                                      II-5
<PAGE>   7
 
                   CONSENT OF INDEPENDENT PUBLIC ACCOUNTANTS
 
To ITT Industries, Inc.:
 
     As independent public accountants, we hereby consent to the incorporation
by reference in this Registration Statement on Form S-8 of our report dated
January 26, 1998 on the consolidated financial statements of ITT Industries,
Inc. and subsidiaries included in ITT Industries, Inc.'s Annual Report on Form
10-K for the year ended December 31, 1997 and our report dated June 16, 1998
included in the ITT Industries Investment and Savings Plan for Salaried
Employees Annual Report on Form 11-K for the year ended December 31, 1997 and to
all references to our firm included in or made a part of this Registration
Statement.
 
                                          Arthur Andersen LLP
 
                                          Arthur Andersen LLP
 
Stamford, CT
September 22, 1998
 
                                      II-6
<PAGE>   8
 
                                 EXHIBIT INDEX
 
<TABLE>
<CAPTION>
EXHIBIT
NUMBER                            DESCRIPTION                                       LOCATION
-------                           -----------                                       --------
<S>      <C>                                                             <C>
 4. (a)  ITT Industries, Inc.'s Restated Articles of Incorporation.....  Incorporated by reference to
                                                                           Exhibit 3(i) to ITT
                                                                           Industries' Form 10-Q for the
                                                                           quarterly period ended June
                                                                           30, 1997 (CIK No. 216228,
                                                                           File No. 1-5627).
   (b)   Form of Rights Agreement between ITT Indiana, Inc. and The
         Bank of New York, as Rights Agent.............................  Incorporated by reference to
                                                                           Exhibit 1 to ITT Industries'
                                                                           Form 8-A dated December 20,
                                                                           1995 (CIK No. 216228, File
                                                                           No. 1-5627).
   (c)   ITT Industries, Inc.'s By-laws, as amended....................  Incorporated by reference to
                                                                           Exhibit 3(b) to ITT
                                                                           Industries' Form 8-K Current
                                                                           Report dated June 5, 1997
                                                                           (CIK No. 216228, File No.
                                                                           1-5627).
 5. (a)  Opinion re legality...........................................  Filed herewith.
   (b)   Internal Revenue Service determination letter.................  The Registrant will submit
                                                                           amendments to the Plan to the
                                                                           Internal Revenue Service (the
                                                                           "IRS") in a timely manner and
                                                                           will make all changes
                                                                           required by the IRS to
                                                                           maintain the qualification of
                                                                           the Plan.
15.      Letter re unaudited interim financial information.............  Not applicable.
23.      Consents of experts and counsel...............................  The consent of independent
                                                                         public accountants is filed
                                                                           herewith. The consent of
                                                                           counsel is incorporated by
                                                                           reference to Exhibit 5(a)
                                                                           filed herewith.
24.      Power of attorney.............................................  See page II-4 of this
                                                                         registration statement.
99.      Additional exhibits...........................................  None.
</TABLE>
[{"type": "S-8", "sequence": "1", "description": "ITT INDUSTRIES, INC.", "secsgml_size_bytes": 24429}]
{"company-data": {"conformed-name": "ITT INDUSTRIES INC", "cik": "0000216228", "assigned-sic": "3714", "irs-number": "135158950", "state-of-incorporation": "IN", "fiscal-year-end": "1231"}, "filing-values": {"form-type": "S-8", "act": "33", "file-number": "333-64161", "film-number": "98714007"}, "business-address": {"street1": "FOUR W RED OAK LANE", "city": "WHITE PLAINS", "state": "NY", "zip": "10604", "phone": "9146412000"}, "mail-address": {"street1": "FOUR W RED OAK LANE", "city": "WHITE PLAINS", "state": "NY", "zip": "10604"}, "former-company": [{"former-conformed-name": "ITT CORP", "date-changed": "19920703"}, {"former-conformed-name": "INTERNATIONAL TELEPHONE & TELEGRAPH CORP", "date-changed": "19840321"}]}
1
 
   AS FILED WITH THE SECURITIES AND EXCHANGE COMMISSION ON SEPTEMBER 24, 1998
 
                                                     REGISTRATION NO.
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
                       SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D.C. 20549
                               ------------------
 
                                    FORM S-8
 
                             REGISTRATION STATEMENT
                                     UNDER
                           THE SECURITIES ACT OF 1933
                               ------------------
 
                              ITT INDUSTRIES, INC.
               (EXACT NAME OF ISSUER AS SPECIFIED IN ITS CHARTER)
INDIANA                                       13-5158950
       (STATE OR OTHER JURISDICTION OF                        (I.R.S. EMPLOYER
        INCORPORATION OR ORGANIZATION)                      IDENTIFICATION NO.)
4 WEST RED OAK LANE, WHITE PLAINS, NY 10604
                    (ADDRESS OF PRINCIPAL EXECUTIVE OFFICES)
                               ------------------
 
                         ITT INDUSTRIES INVESTMENT AND
                                SAVINGS PLAN FOR
                               SALARIED EMPLOYEES
                            (FULL TITLE OF THE PLAN)
                               ------------------
 
     GWENN L. CARR, VICE PRESIDENT, SECRETARY AND ASSOCIATE GENERAL COUNSEL
                              ITT INDUSTRIES, INC.
                              4 WEST RED OAK LANE
                             WHITE PLAINS, NY 10604
                    (NAME AND ADDRESS OF AGENT FOR SERVICE)
 
  TELEPHONE NUMBER, INCLUDING AREA CODE, OF AGENT FOR SERVICE: (914) 641-2000
 
                             ---------------------
 
                        CALCULATION OF REGISTRATION FEE
------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------
                                                      PROPOSED            PROPOSED
                                       AMOUNT          MAXIMUM             MAXIMUM            AMOUNT OF
       TITLE OF SECURITIES             TO BE       OFFERING PRICE         AGGREGATE         REGISTRATION
        TO BE REGISTERED*            REGISTERED      PER SHARE**      OFFERING PRICE**           FEE
------------------------------------------------------------------------------------------------------------
Common Stock ($1 par value per
  share)..........................   7,500,000         $32.97           $247,275,000         $72,946.13
                                       shares
Series A Participating Cumulative
  Preferred Stock Purchase
  Rights..........................   7,500,000
                                      rights+
------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------
* In addition, pursuant to Rule 416(c) under the Securities Act of 1933,
this registration statement also covers an indeterminate amount of interests to
be offered or sold pursuant to the employee benefit plan described herein.
 
     ** Estimated solely for the purpose of determining the registration fee
and, in accordance with Rule 457(h), based upon the average of the high and low
sale prices of the Common Stock reported in the consolidated reporting system
for September 22, 1998.
 
      + The Series A Participating Cumulative Preferred Stock Purchase Rights
(the "Rights") are appurtenant to and trade with the Common Stock. The value
attributable to the Rights, if any, is reflected in the market value of the
Common Stock and the registration fee for the Rights is included in the fee for
the Common Stock.
 
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
2
 
                                    PART II
 
               INFORMATION REQUIRED IN THE REGISTRATION STATEMENT
 
ITEM 3.  INCORPORATION OF DOCUMENTS BY REFERENCE.
 
     The following documents filed by the Company, and by the ITT Industries
Investment and Savings Plan for Salaried Employees (the "Plan") in the case of
item (e), with the Securities and Exchange Commission (the "Commission") (File
No. 1-5627) are hereby incorporated by reference in this registration statement:
 
          (a) Annual Report on Form 10-K for the year ended December 31, 1997;
 
          (b) Quarterly Reports on Form 10-Q for the quarters ended March 31 and
     June 30, 1998;
 
          (c) Proxy Statement for the Special Meeting of Shareholders on
     September 21, 1995 (Filed with the Commission on August 28, 1995);
 
          (d) Form 8-A dated December 20, 1995; and
 
          (e) Annual Report on Form 11-K for the year ended December 31, 1997.
 
     All documents subsequently filed by the Company or the Plan with the
Commission pursuant to Sections 13(a), 13(c), 14 and 15(d) of the Securities
Exchange Act of 1934 prior to the filing with the Commission of a post-effective
amendment which indicates that all securities offered have been sold or which
deregisters all securities then remaining unsold, shall be deemed to be
incorporated by reference in the registration statement and to be a part thereof
from the date of filing of such documents. Any statement contained in a document
incorporated or deemed to be incorporated by reference shall be deemed to be
modified or superseded to the extent that a statement contained in the
registration statement or in any other subsequently filed document which also is
incorporated or deemed to be incorporated by reference modifies or supersedes
such statement. Any such statement so modified or superseded shall not be
deemed, except as so modified or superseded, to constitute a part of this
registration statement.
 
ITEM 4.  DESCRIPTION OF SECURITIES.
 
     Not applicable.
 
ITEM 5.  INTERESTS OF NAMED EXPERTS AND COUNSEL.
 
     The audited financial statements and schedules incorporated by reference in
this registration statement have been audited by Arthur Andersen LLP,
independent public accountants, as indicated in their reports with respect
thereto, and are incorporated herein by reference in reliance upon the authority
of said firm as experts in accounting and auditing in giving said reports.
Reference is made to the report dated January 26, 1998 on the consolidated
financial statements of ITT Industries, Inc. and subsidiaries included in ITT
Industries, Inc.'s Annual Report on Form 10-K for the year ended December 31,
1997, which includes an explanatory paragraph with respect to the change in the
method of accounting for reengineering costs incurred in connection with the
development of and installation of software for internal use in 1997 as
discussed in Note 2 to the financial statements.
 
     Robert W. Beicke, Esq., whose legal opinion with respect to the securities
registered hereunder is filed as Exhibit 5(a) hereto, is an employee of the
Company and participates in certain of its stock benefit plans.
 
ITEM 6.  INDEMNIFICATION OF DIRECTORS AND OFFICERS.
 
     Sections 23-1-37-8 and 23-1-37-13 of the Indiana Business Corporation Law
("IBCL") provide that the Company may indemnify any individual made a party to a
proceeding (including a proceeding by or in the right of the Company) because
the individual is or was a director, officer, employee or agent of the Company
against liability incurred in the proceeding if the individual acted in good
faith and reasonably believed (i) in the case of conduct in the individual's
official capacity with the Company, that the individual's conduct was in the
Company's best interests and (ii) in all other cases, that the individual's
conduct was at least not opposed to the Company's best interests. In the case of
any criminal proceeding, the individual must have had either reasonable cause to
believe the conduct was lawful or no reasonable cause to believe that it was
unlawful. The
 
                                      II-1
3
 
Company's By-laws provide for the above indemnification of directors and
officers. Reference is made to the Company's By-laws filed with the Company's
Form 8-K Current Report dated June 5, 1997. In addition, Sections 23-1-37-9 and
23-1-37-13 of the IBCL provide that the Company, unless limited by its Articles
of Incorporation, must indemnify a director or officer who was wholly successful
in the defense of any proceeding to which the director or officer was a party
because the director or officer is or was a director or officer of the Company
against reasonable expenses incurred by the director or officer in connection
with the proceeding. The Company's Articles of Incorporation do not limit the
indemnification provided by the IBCL. Reference is made to the Company's
Restated Articles of Incorporation filed with the Company's Form 10-Q for the
quarterly period ended June 30, 1997.
 
     The Company also has provided liability insurance for the directors and
officers for certain losses arising from claims or charges made against them
while acting in their capacities as directors or officers and has entered into
an indemnification agreement with each of its directors. Under its form of
indemnification agreement, the Company agrees to indemnify its directors against
all expenses, liabilities or losses incurred by the directors in their capacity
as such: (i) to the fullest extent permitted by applicable law; (ii) as provided
in the By-laws of the Company as in effect on the date of such agreement; and
(iii) in the event the Company does not maintain the aforementioned insurance or
comparable coverage, to the full extent provided in the applicable policies as
in effect on the date of such agreement (the Company's obligations described in
(ii) and (iii) being subject to certain exceptions).
 
ITEM 7.  EXEMPTION FROM REGISTRATION CLAIMED.
 
     Not Applicable.
 
ITEM 8.  EXHIBITS.
 
     See Exhibit Index elsewhere herein.
 
ITEM 9.  UNDERTAKINGS.
 
(a) The undersigned registrant hereby undertakes:
 
     (1) to file, during any period in which offers or sales are being made, a
post-effective amendment to this registration statement:
 
           (i) to include any prospectus required by section 10(a)(3) of the
     Securities Act of 1933;
 
           (ii) to reflect in the prospectus any facts or events arising after
     the effective date of the registration statement (or the most recent
     post-effective amendment thereof) which, individually or in the aggregate,
     represent a fundamental change in the information set forth in the
     registration statement; and
 
          (iii) to include any material information with respect to the plan of
     distribution not previously disclosed in the registration statement or any
     material change to such information in the registration statement;
 
 provided, however, that paragraphs (a)(1)(i) and (a)(1)(ii) do not apply if the
registration statement is on Form S-3 or Form S-8 and the information required
to be included in a post-effective amendment by those paragraphs is contained in
periodic reports filed by the registrant pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934 that are incorporated by reference in the
registration statement;
 
     (2) that, for the purpose of determining any liability under the Securities
Act of 1933, each such post-effective amendment shall be deemed to be a new
registration statement relating to the securities offered therein, and the
offering of such securities at that time shall be deemed to be the initial bona
fide offering thereof; and
 
     (3) to remove from registration by means of a post-effective amendment any
of the securities being registered which remain unsold at the termination of the
offering.
 
                                      II-2
4
 
(b) The undersigned registrant hereby undertakes that, for purposes of
determining any liability under the Securities Act of 1933, each filing of the
registrant's annual report pursuant to Section 13(a) or 15(d) of the Securities
Exchange Act of 1934 (and, where applicable, each filing of an employee benefit
plan's annual report pursuant to Section 15(d) of the Securities Exchange Act of
1934) that is incorporated by reference in the registration statement shall be
deemed to be a new registration statement relating to the securities offered
therein, and the offering of such securities at that time shall be deemed to be
the initial bona fide offering thereof.
 
(c) Insofar as indemnification for liabilities arising under the Securities Act
of 1933 may be permitted to directors, officers and controlling persons of the
registrant pursuant to the foregoing provisions, or otherwise, the registrant
has been advised that in the opinion of the Securities and Exchange Commission
such indemnification is against public policy as expressed in the Act and is,
therefore, unenforceable. In the event that a claim for indemnification against
such liabilities (other than the payment by a registrant of expenses incurred or
paid by a director, officer or controlling person of the registrant in the
successful defense of any action, suit or proceeding) is asserted by such
director, officer or controlling person in connection with the securities being
registered, the registrant will, unless in the opinion of its counsel the matter
has been settled by controlling precedent, submit to a court of appropriate
jurisdiction the question whether such indemnification by it is against public
policy as expressed in the Act and will be governed by the final adjudication of
such issue.
 
                                      II-3
5
 
                                   SIGNATURES
 
     PURSUANT TO THE REQUIREMENTS OF THE SECURITIES ACT OF 1933, THE REGISTRANT
CERTIFIES THAT IT HAS REASONABLE GROUNDS TO BELIEVE THAT IT MEETS ALL OF THE
REQUIREMENTS FOR FILING ON FORM S-8 AND HAS DULY CAUSED THIS REGISTRATION
STATEMENT TO BE SIGNED ON ITS BEHALF BY THE UNDERSIGNED, THEREUNTO DULY
AUTHORIZED, AND BY THE UNDERSIGNED IN THE CAPACITY INDICATED, IN THE CITY OF
WHITE PLAINS AND STATE OF NEW YORK ON THIS 22ND DAY OF SEPTEMBER, 1998.
 
                                          ITT Industries, Inc.
 
                                          By:             HEIDI KUNZ
 
                                            ------------------------------------
                                                         Heidi Kunz
                                              Senior Vice President and Chief
                                                      Financial Officer
                                            (Principal Financial and Accounting
                                                           Officer)
 
                               POWER OF ATTORNEY
 
     KNOW ALL MEN BY THESE PRESENTS, that each person whose signature appears
below constitutes and appoints VINCENT A. MAFFEO, GWENN L. CARR and ROBERT W.
BEICKE, and each of them, his or her true and lawful attorney-in-fact and agent,
with full power of substitution and resubstitution, for him or her and in his or
her name, place and stead, in any and all such capacities, to sign any and all
amendments to this registration statement, and to file the same, with all
exhibits thereto, and other documents in connection therewith, with the
Securities and Exchange Commission, granting unto said attorneys-in-fact and
agents, and each of them, full power and authority to do and perform each and
every act and thing requisite and necessary to be done in and about the
premises, as fully to all intents and purposes as he or she might or could do in
person, hereby ratifying and confirming all that said attorneys-in-fact and
agents, or any of them, or their or his or her substitute or substitutes, may
lawfully do or cause to be done by virtue hereof.
 
     PURSUANT TO THE REQUIREMENTS OF THE SECURITIES ACT OF 1933, THIS
REGISTRATION STATEMENT HAS BEEN SIGNED BY THE FOLLOWING PERSONS IN THE
CAPACITIES AND ON THE DATES INDICATED.
SIGNATURE                                   TITLE                     DATE
                      ---------                                   -----                     ----
TRAVIS ENGEN                                             Chairman, President and     September 22, 1998
-----------------------------------------------------             Chief
Travis Engen                                              Executive and Director
(Principal Executive Officer)
 
RAND V. ARASKOG                                                  Director            September 22, 1998
-----------------------------------------------------
Rand V. Araskog
 
ROBERT A. BURNETT                                                Director            September 22, 1998
-----------------------------------------------------
Robert A. Burnett
 
CURTIS J. CRAWFORD                                               Director            September 22, 1998
-----------------------------------------------------
Curtis J. Crawford
 
S. PARKER GILBERT                                                Director            September 22, 1998
-----------------------------------------------------
S. Parker Gilbert
II-4
6
SIGNATURE                                   TITLE                     DATE
                      ---------                                   -----                     ----
EDWARD C. MEYER                                                  Director            September 22, 1998
-----------------------------------------------------
Edward C. Meyer
 
SIDNEY TAUREL                                                    Director            September 22, 1998
-----------------------------------------------------
Sidney Taurel
The Plan.  Pursuant to the requirements of the Securities Act of 1933, the
Plan has duly caused this registration statement to be signed on its behalf by
the undersigned, thereunto duly authorized, in the City of White Plains, and
State of New York, on the 22nd day of September, 1998.
 
                                          ITT Industries Investment and
                                          Savings Plan for Salaried Employees
 
                                          By:     /s/ THOMAS R. MASKERY
 
                                            ------------------------------------
                                                     Thomas R. Maskery
                                                       Administrator
 
                                      II-5
7
 
                   CONSENT OF INDEPENDENT PUBLIC ACCOUNTANTS
 
To ITT Industries, Inc.:
 
     As independent public accountants, we hereby consent to the incorporation
by reference in this Registration Statement on Form S-8 of our report dated
January 26, 1998 on the consolidated financial statements of ITT Industries,
Inc. and subsidiaries included in ITT Industries, Inc.'s Annual Report on Form
10-K for the year ended December 31, 1997 and our report dated June 16, 1998
included in the ITT Industries Investment and Savings Plan for Salaried
Employees Annual Report on Form 11-K for the year ended December 31, 1997 and to
all references to our firm included in or made a part of this Registration
Statement.
 
                                          Arthur Andersen LLP
 
                                          Arthur Andersen LLP
 
Stamford, CT
September 22, 1998
 
                                      II-6
8
 
                                 EXHIBIT INDEX
EXHIBIT
NUMBER                            DESCRIPTION                                       LOCATION
-------                           -----------                                       --------
4. (a)  ITT Industries, Inc.'s Restated Articles of Incorporation.....  Incorporated by reference to
                                                                           Exhibit 3(i) to ITT
                                                                           Industries' Form 10-Q for the
                                                                           quarterly period ended June
                                                                           30, 1997 (CIK No. 216228,
                                                                           File No. 1-5627).
   (b)   Form of Rights Agreement between ITT Indiana, Inc. and The
         Bank of New York, as Rights Agent.............................  Incorporated by reference to
                                                                           Exhibit 1 to ITT Industries'
                                                                           Form 8-A dated December 20,
                                                                           1995 (CIK No. 216228, File
                                                                           No. 1-5627).
   (c)   ITT Industries, Inc.'s By-laws, as amended....................  Incorporated by reference to
                                                                           Exhibit 3(b) to ITT
                                                                           Industries' Form 8-K Current
                                                                           Report dated June 5, 1997
                                                                           (CIK No. 216228, File No.
                                                                           1-5627).
 5. (a)  Opinion re legality...........................................  Filed herewith.
   (b)   Internal Revenue Service determination letter.................  The Registrant will submit
                                                                           amendments to the Plan to the
                                                                           Internal Revenue Service (the
                                                                           "IRS") in a timely manner and
                                                                           will make all changes
                                                                           required by the IRS to
                                                                           maintain the qualification of
                                                                           the Plan.
15.      Letter re unaudited interim financial information.............  Not applicable.
23.      Consents of experts and counsel...............................  The consent of independent
                                                                         public accountants is filed
                                                                           herewith. The consent of
                                                                           counsel is incorporated by
                                                                           reference to Exhibit 5(a)
                                                                           filed herewith.
24.      Power of attorney.............................................  See page II-4 of this
                                                                         registration statement.
99.      Additional exhibits...........................................  None.