<DOCUMENT>
<TYPE>EX-99.2
<SEQUENCE>3
<FILENAME>exh99_2.txt
<DESCRIPTION>PRESS RELEASE
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                                                               Exhibit 99.2

NEWS RELEASE
                                  [Graphic Omitted: Logo of SPX Corporation]

Contact:  Jeremy W. Smeltser (Investors)
          704-752-4478
          E-mail:  investor@spx.com

          Tina Betlejewski (Media)
          704-752-4454
          E-mail: spx@spx.com


               SPX NAMES TWO TO FINANCE LEADERSHIP POSITIONS

     CHARLOTTE, NC - December 10, 2004 - SPX Corporation (NYSE:SPW) today
announced that it has named Michael Reilly as Corporate Controller and
Chief Accounting Officer, with responsibility for the company's SEC
reporting, accounting and compliance. The company also named Jeremy
Smeltser as Director of Corporate Finance. Mr. Smeltser will continue to
lead the company's investor relations efforts and add responsibility for
SPX's global treasury and financial planning activities.

     Mr. Reilly joined SPX Corporation in May 2004 as Assistant Corporate
Controller. Prior to joining SPX, he was Vice President and Controller for
Kyrus Corporation based in Greenville, South Carolina. Previously he was
Director of Corporate Accounting & Analysis with Sterling Diagnostic
Imaging. His background also includes 11 years of public accounting
experience with Deloitte & Touche. Mr. Reilly holds a Bachelor of Business
Administration degree in accounting from Loyola College of Maryland and is
a certified public accountant.

     SPX's Chief Financial Officer, Patrick J. O'Leary said, "Mike has been
a key addition to the team. In September, when we asked Mike to take on the
additional responsibilities as interim controller, he successfully tackled
the challenge. His knowledge and strong leadership are an asset to the team
and will continue to serve SPX well."

     Mr. Smeltser joined SPX in September 2002 as Manager of Financial
Planning and Analysis after working in public accounting for five years,
most recently with Ernst & Young. In June 2003 he became head of the
company's investor relations activities. A graduate of Northern Illinois
University, he holds a Bachelor of Science degree in accounting and is a
certified public accountant.

     "Jeremy has done an outstanding job leading our investor relations
efforts over the past year and a half. His knowledge and experience will be
invaluable as he takes on the additional responsibilities for financial
planning and treasury," said Mr. O'Leary.

     SPX Corporation is a global provider of technical products and
systems, industrial products and services, flow technology, cooling
technologies and services, and service solutions. The Internet address for
SPX Corporation's home page is www.spx.com.

     SPX Corporation shareholders are strongly advised to read the proxy
statement relating to SPX Corporation's 2005 annual meeting of shareholders
when it becomes available, as it will contain important information.
Shareholders will be able to obtain this proxy statement, any amendments or
supplements to the proxy statement and any other documents filed by SPX
Corporation with the Securities and Exchange Commission for free at the
Internet website maintained by the Securities and Exchange Commission at
www.sec.gov. In addition, SPX Corporation will mail the proxy statement to
each shareholder of record on the record date to be established for the
shareholders' meeting. Copies of the proxy statement and any amendments and
supplements to the proxy statement will also be available for free at SPX
Corporation's Internet website at www.spx.com or by writing to Investor
Relations, SPX Corporation, 13515 Ballantyne Corporate Place, Charlotte,
North Carolina 28277, telephone (704) 752-4400.

     SPX Corporation, its executive officers and directors may be deemed to
be participants in the solicitation of proxies for SPX Corporation's 2005
annual meeting of shareholders. Information regarding these participants is
contained in a filing under Rule 14a-12 filed by SPX Corporation with the
Securities and Exchange Commission on December 9, 2004.

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