ITT Inc, formerly ITT Corporation, is an American worldwide manufacturing company based in Stamford, Connecticut.
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ITT Inc, formerly ITT Corporation, is an American worldwide manufacturing company based in Stamford, Connecticut.
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ITT Inc produces specialty components for the aerospace, transportation, energy and industrial markets.
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ITT Inc divested its telecommunications assets in 1986, and in 1995 spun off its non-manufacturing divisions, later acquired by Starwood.
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In 1925, ITT Inc purchased several companies from Western Electric, as Bell had agreed to "divest" itself of its international operations.
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In 1951, ITT Inc purchased Philo Farnsworth's television company to break into that market.
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In 1965, ITT Inc attempted to purchase the ABC television network for $700 million.
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Under Geneen, ITT bought over 300 companies in the 1960s, including some hostile takeovers.
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ITT Inc absorbed smaller operations in auto parts, energy, books, semiconductors and cosmetics.
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When ITT attempted to acquire The Hartford insurance company in 1970, the US Justice Department filed suit, and ITT agreed to divest assets equal to those of Hartford's, including Avis.
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ITT Inc's sales grew from about $700 million in 1960 to about $8 billion in 1970, and its profit from $29 million to $550 million.
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ITT Inc became enmeshed in scandal in connection with the 1972 Republican National Convention.
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The resulting scandal, including a Senate investigation and the threat of criminal charges, caused ITT to withdraw its support for the San Diego convention.
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In March 2007, ITT Corporation became the first major defense contractor to be convicted for criminal violations of the U S Arms Export Control Act.
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ITT Inc Avionics was a division of ITT Inc Corporation in Nutley, New Jersey.
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Westinghouse and ITT Inc had worked together with the U S Government to develop the ASPJ.
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ITT Inc Schaub-Lorenz was behind the Digivision, the first television employing digital signal processing of the image.
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In 2007, ITT Inc was awarded a $207 million initial contract by the Federal Aviation Administration to lead a team to develop and deploy the Automatic Dependent Surveillance – Broadcast system.
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ITT Inc is responsible for overall system integration and engineering and under contract options will operate and maintain the system after deployment through September 2025.
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