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Last $40.40 USD
Change Today -0.73 / -1.77%
Volume 561.6K
ITT On Other Exchanges
As of 8:04 PM 04/24/15 All times are local (Market data is delayed by at least 15 minutes).

itt corp (ITT) Snapshot

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09/8/14 - $49.42
52 Week Low
01/29/15 - $35.30
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itt corp (ITT) Details

ITT Corporation manufactures and sells engineered critical components and customized technology solutions for the energy, transportation, and industrial markets worldwide. 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 assessment, repair, upgrade, and overall equipment maintenance services; and water treatment systems. The Motion Technologies segment manufactures engineered and durable components comprising brake pads, shock absorbers, and damping technologies for passenger cars, light and heavy-duty commercial and military vehicles, buses, and rail transportation markets. The Interconnect Solutions segment designs and manufactures engineered connectors and cable assemblies, including electrical connectors of various types, such as circular, rectangular, radio frequency, fiber optic, D-sub miniature, micro-miniature, and cable assemblies. The Control Technologies segment provides flow control and actuation components, as well as motion control, energy absorption, and vibration isolation products for commercial aerospace, military, and other markets; and energy absorption, precision motion control, and natural gas regulators primarily for the automation, heavy industry, infrastructure, and oil and gas 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: 02/20/15
Founded in 1920

itt corp (ITT) Top Compensated Officers

Chief Executive Officer, President and Direct...
Total Annual Compensation: $942.3K
Chief Financial Officer and Senior Vice Presi...
Total Annual Compensation: $426.6K
Senior Vice President and President of Motion...
Total Annual Compensation: $539.2K
Executive Vice President and President of Ind...
Total Annual Compensation: $428.5K
Senior Vice President and President of Interc...
Total Annual Compensation: $276.9K
Compensation as of Fiscal Year 2014.

itt corp (ITT) Key Developments

ITT Corporation and BIW Connector Systems Introduce New High-Temperature Wellhead Penetrator System for Extreme Temperature Applications

ITT Corporation and its BIW Connector Systems brand will introduce a new high-temperature wellhead penetrator system for extreme temperature applications at the Electric Submersible Pump workshop, booth 50-52, April 22, 2015 to April 24, 2015 in The Woodlands, Texas. Metal-Lok Ultra with k-PaC Technology comprises a completely redesigned wellhead penetrator and an advanced design downhole connector suitable for use in temperatures of up to 500 degrees Fahrenheit/260 degrees Celsius and pressures of up to 3000 psi. The system allows electrical power to pass safely and reliably to submerged pumps through the well pressure barrier while withstanding extreme temperature applications. Metal-Lok Ultra with k-PaC Technology works at extreme temperatures previously unprecedented for penetrator systems. With the use of this technology, production operations such as steam-assisted gravity drainage can explore techniques that deliver higher production and higher profitability with confidence. Successful trials have already been completed with positive results. BIW's patented k-PaC Technology is also debuting at ESP 2015 along with the Presta family of mechanical splices. Metal-Lok Ultra with k-PaC Technology offers ease of installation and use and is completely compatible with BIW's existing line of high-temperature and surface connectors. It joins BIW's existing line of Metal-Lok and Metal-Lok High Temp electrical feedthru systems.

ITT and its BIW Connector Systems Brand to Introduce Breakthrough Electrical Penetrator Technology at ESP Workshop 2015

ITT Corporation and its BIW Connector Systems brand will introduce a sophisticated new electric submersible pump (ESP) cable penetrator technology at the Society of Petroleum Engineers’ ESP Workshop, booth 50-52, April 22-24 in The Woodlands, Texas. ITT’s BIW Connector Systems’ k-PaC™ Technology is the result of years of research, development and extensive lab and field-testing. The patented technology answers a pressing need for increased product lifetimes and reliability in the upstream artificial lift market, while also offering significantly improved ease of use and installation in the field. Applicable to a variety of electrical penetrator systems, k-PaC™ Technology establishes a pressure balance between the well conditions and the electrical connection. This balance eliminates forces on the cable and connector insulators and prevents conductive well fluids from damaging the connection. Eliminating these common sources of failure in existing penetrator technology allows systems with k-PaC™ Technology to operate with a longer life in harsher conditions, thereby ensuring continuous oil production.

ITT Corporation Makes Additional $20 Million Investment in Wuxi, China Facility

ITT Corporation announced that it is investing approximately $20 million to further expand its braking technology production capabilities in Wuxi, Jiangsu Province, China, bringing its total investment in the facility to nearly $50 million over the past three years. The investment in the company’s Motion Technologies business demonstrates ITT’s ongoing commitment in China as it ensures the facility is prepared for future opportunities to support customers and the automotive market in the region. ITT’s Motion Technologies business produces and supplies braking and friction technologies for all categories of passenger cars for major vehicle manufacturers in China and around the world. The investment also reflects the contributions and successes of Wuxi team, who are continually developing and applying their expertise to raising industry standards for safety and performance while partnering with OEMs and brake manufacturers to create the most effective solution for an efficient and high-performing brake system.


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