The invention discloses a production process for military diesel No. -10 and industrial white oil No. 5. The production process comprises the following steps: (1) moving up the extraction outlet of adiesel side stripping tower T3, subjecting diesel to treatment through the diesel side stripping tower T3, and carrying out heat-exchanging and cooling so as to obtain the military diesel No. -10; and(2) adding a side extraction outlet and a return opening at a product fractionating tower T1 for industrial white oil, allowing the industrial white oil extracted from the fractionating tower T1 to automatically flow into an added industrial white oil side stripping tower T4, carrying out stripping through the white oil side stripping tower T4, allowing tower-top gas of the white oil side stripping tower T4 to return to the fractionating tower T1, allowing a tower-bottom product of the white oil side stripping tower T4 to be extract out to enter a dehydrating tank V1 for vacuum dehydration, and carrying out pressurizing, heat-exchanging and cooling treatment so as to obtain the industrial white oil No. 5. The process provided by the invention can simultaneously produce the military dieseloil No. -10 and the industrial white oil No. 5; and the military diesel oil No. -10 and the high-quality industrial white oil No. 5 obtained by using the process provided by the invention have high initial boiling points, are high in yield, and reach the quality of a premium grade.