Truth Street

ITT Corp: A Diversified Manufacturing Conglomerate

Posted on January 3rd, 2014 by TheTruthStreet

As a global diversified manufacturing company, ITT Corp started out as International Telephone & Telegraph (IT&T) in 1920. In the 1960s and 70s, the business rose to prominence as the archetypal conglomerate.

Based in White Plains, New York, the business has presence in the global market including in defense and security, water and fluids management and motion and control flow. The water business arm of the company is the world’s largest supplier of the systems to treat, control and transport water and other fluids. It is also the largest producer of pumps. Their defense electronics and services business is listed as one of the largest contractors in the country that provides defense and security systems. Components for transportation, aerospace and the industrial markets are the products of their motion and flow control business arm.

ITT Corporation is a component of the S&P 400 Index and has been awarded by Forbes the top spot of “America’s Best Managed Companies” in the year 2008.

Leave a Response