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itt corp (ITTA) Details

ITT Corporation manufactures engineered critical components and customized technology solutions for the energy, transportation, and industrial markets in the United States and internationally. The company operates in four segments: Industrial Process, Motion Technologies, Interconnect Solutions, and Control Technologies. The Industrial Process segment manufactures industrial pumps, valves, and related equipment comprising centrifugal, chemical, slurry and process, and paper stock pumps, as well as vertical, axial flow, multi-stage, and other pumps; twin screw, multiphase boosting system, and progressive cavity pumps; and industrial knife-gate and sanitary diaphragm valves. This segment also offers aftermarket solutions, such as parts supply, inventory optimization, field service, energy and reliability assessments, repairs, upgrades, and overall equipment maintenance; and water treatment systems for offshore oil and gas production platforms. The Motion Technologies segment manufactures engineered and durable components comprising brake pads, shock absorbers, and damping technologies for the transportation industry. The Interconnect Solutions segment designs and manufactures engineered high performance, military-specification, and commercial electrical connectors of various types, such as circular, rectangular, radio frequency, fiber optic, D-sub miniature, micro-miniatur, and cable assemblies for applications in harsh environments that make possible to transfer signal and power. The Control Technologies segment provides engineered aerospace components and industrial products, including fuel management, actuation, and noise absorption components for the aerospace market; and motion control, energy absorption, and vibration isolation products for various industrial markets. The company was formerly known as ITT Industries, Inc. and changed its name to ITT Corporation in July 2006. ITT Corporation was founded in 1920 and is headquartered in White Plains, New York.

9,400 Employees
Last Reported Date: 02/21/14
Founded in 1920

itt corp (ITTA) Top Compensated Officers

Chief Executive Officer, President and Direct...
Total Annual Compensation: $890.4K
Chief Financial Officer and Senior Vice Presi...
Total Annual Compensation: $406.5K
Senior Vice President and President of Motion...
Total Annual Compensation: $487.2K
Executive Vice President and Interim Presiden...
Total Annual Compensation: $420.0K
Senior Vice President and President of Interc...
Total Annual Compensation: $276.9K
Compensation as of Fiscal Year 2013.

itt corp (ITTA) Key Developments

ITT Corporation to Showcase Micro-D Connector at the Farnborough International Air Show

ITT Corporation announced wireless RF transmission up to 6 GHz and maximizing connectivity inside and outside the cabin. With coming changes in the use of wireless devices, airline operators are preparing to offer services allowing passengers wireless connectivity in-flight. ITT and its Cannon brand are ready to connect those in flight to the ground below. ITT will showcase its smal, light, most durable Micro-D connector at the Farnborough International Air Show being held July 14-20. The ITT Cannon Micro Wireless Access Point High-Bandwidth RF Connector System features high-bandwidth RF technology enabling the use of flight-qualified connectors at wireless access points located inside and outside the cabin, delivering superior transmission of RF signal inside and outside an aircraft. This RF capability delivers exceptional high-bandwidth performance in a durable, rugged design that withstands high shock and vibration environments. The new series of lightweight ITT Cannon Micro-D connectors are capable of carrying 802.11n wireless transmission frequencies in a Micro-D package that opens up a world of wireless connectivity for passengers in-flight. The ITT Cannon difference is evident in the innovative design and easy integration into small PCB and Panel I/O applications with minimal space requirements. Constructed of lightweight, glass-filled thermoset materials and manufactured with strong high-performance dielectric material, the Cannon Micro Wireless Access Point High-Bandwidth RF Connector System is engineered to stay connected and endure in the harshest shock and vibration environments.

ITT Corporation and its Cannon Brand Unveils New Ruggedized Locking Coupling Technology at 2014 Farnborough Air Show

ITT Corporation and its Cannon brand will showcase new technologies and an expanded portfolio of customized interconnect solutions at the Farnborough International Air Show, the premier global aviation show being held July 14-20. ITT Cannon's K-Lock Ultra High Vibration Locking Coupling System is the latest innovation providing aircraft manufacturers with a locking coupling "twist and lock" mechanism that drastically reduces the possibility of decoupling during exposure to extreme high shock and vibration environments. The system offers superior resilience to shock, vibration and harsh environmental exposure with a design that can withstand more than 100 g of shock, 2,000 Hz of vibration and up to 2,000 hours of exposure to salt spray. The coupling mechanism is a sliding ratcheting coupling nut that securely locks in position when mated, delivering unmatched reliability to critical connections. With a twist of the coupling nut, the connector can easily be coupled and locked in position similar to a standard 38999 series III connector. Once coupled and tightened in position, the coupling nut is locked in position eliminating the need for pinning or wiring of the coupling nut and helping ensure it cannot decouple. The system can easily decouple when needed with a simple "pull and twist" release action mechanism. In addition, the inclusion of stainless steel components provides rugged resistance to corrosion in exposed environments. The ITT Cannon K-Lock Ultra High Vibration Locking Coupling System is engineered to stay connected and endure in the harshest shock, vibration and exposure environments. At Farnborough, ITT is also highlighting an expansive and broad portfolio of custom interconnects that are lightweight, reliable, ruggedized and efficient. These customized solutions help manufacturers optimize weight requirements to reduce fuel costs, increase communication data bandwidth and ensure critical systems operate reliably and efficiently. ITT's exhibit will be located in Reference Hall 4, Stand A11.

ITT and Servi Hydranor Design System to Absorb Shock During Resupply of North Sea Drilling Platform

ITT Corporation's Control Technologies business has partnered with Servi Hydranor AS to engineer a shock and vibration isolation system for protecting cargo transferred from ships to the Norwegian oil company Statoil's Gudrun Platform in the North Sea's Gudrun field. The Gudrun Platform, which was built by Aibel AS. As the crane operators hoist supplies from ships to the platform, containers (some weighing as much as 8,000 kg) move toward the Gudron Platform at speeds of up to 3 m/sec. The ITT-Servi Hydranor system, part of a barrier engineered by Aibel AS for the Gudrun Platform, includes highly tuned dampers that absorb the cargo's kinetic energy.


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Valuation ITTA Industry Range
Price/Earnings 8.8x
Price/Sales 1.7x
Price/Book 3.6x
Price/Cash Flow 8.8x
TEV/Sales 1.5x

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