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Random information on the term “ITT”:
ITT Inc., formerly ITT Corporation, is an American worldwide manufacturing company based in White Plains, New York. The company produces specialty components for the aerospace, transportation, energy and industrial markets. ITT’s three businesses include Industrial Process, Motion Technologies, and Connect and Control Technologies.
ITT has approximately 10,000 employees in more than 35 countries and serves customers in well over 100 countries. The company’s long-standing brands include Goulds Pumps, Cannon connectors, KONI shock absorbers and Enidine energy absorption components.
The company was founded in 1920 as International Telephone & Telegraph. During the 1960s and 1970s, under the leadership of CEO Harold Geneen, the company rose to prominence as the archetypal conglomerate, deriving its growth from hundreds of acquisitions in diversified industries.
ITT divested its telecommunications assets in 1986, and in 1995 spun off its non-manufacturing divisions, later purchased by Starwood Hotels & Resorts Worldwide. In 1996, the current company was founded as a spinoff of ITT as ITT Industries, Inc. It later changed its name to ITT Corporation in 2006.