WHITE PLAINS, N.Y., July 9, 2012 — ITT Corporation (NYSE: ITT) is an industry leader in providing essential products and services to customers in growing end markets including the aerospace industry. This week, the company is showcasing its capabilities at the Farnborough International Airshow, a global event that provides a platform for exhibitors to demonstrate aircraft, equipment and technologies.
“As a global diversified industrial company, ITT has a strong presence in aerospace and defense, which represented about 15 percent of our total revenue in 2011,” said Munish Nanda, president of ITT’s Control Technologies business. “We are well-positioned in this market with a solid portfolio, strong brand equity and global reach.”
ITT designs and manufactures highly engineered technologies for the aerospace industry, including valves, pumps and switches for fluid and environmental control systems and utility actuators that open and close exterior doors with improved fuel efficiency and reduced noise, as well as custom engineered components that minimize vibrations and noise, control overhead stowage bins, allow seats to recline and return to the upright position with the touch of a button, and contribute to in-flight entertainment systems.
At Farnborough, ITT will be highlighting several new technologies including a Mil-DTL 38999 composite connector that offers a 30 percent weight reduction to end users compared to its aluminium counterpart, an advanced damping system that allows critical components, such as aircraft sensors and electronics to function properly, a compact RAM door actuator that improves system fuel efficiency, and a strut integrated isolator that combines isolation with next-level assemblies to meet both noise and structural requirements in a lower-cost, reduced-weight package.
“ITT products focus on improving passenger comfort and convenience while at the same time optimizing aircraft manufacturers’ weight objectives and lowering airline fuel costs,” said Bill Taylor, president of ITT’s Interconnect Solutions business. “As fuel efficiency and noise requirements continue driving new aircraft designs, modifications and upgrades, ITT will have additional opportunities for growth in the equipment and interior market segments we serve.”
ITT has components on major aircraft platforms, regional and business jets, helicopters, satellites and space explorations, as well as military vehicles, submarines and ships. A portion of ITT’s business is also focused on supplying aftermarket services for maintenance, repair and overhaul to meet the critical need of airlines to update equipment and keep planes running safely and efficiently.