oducts are sold direct to the customer by its in-house sales force. The company’s products are custom designed for specific customer applications. Its energy absorption products use patented technology to provide solutions, such as self-compensating valves to allow for load variations. CT Aerospace sells a range of products to the aerospace industry and has various customers worldwide. The company’s customers are primarily commercial airframe manufacturers, airframe systems manufacturers, interior manufacturers, seat manufacturers, commercial airlines, and defense contractors. It has positions with major commercial airframe and systems manufacturers, such as Boeing, Airbus, B/E Aerospace, Parker-Hannifin Corporation, Eaton, Woodward, Safran, and Honeywell. Competition: CT Aerospace competitors include Circor Aerospace, Inc.; Hydra Electric; Lord Corporation; and Hutchinson Worldwide. CT Industrial CT Industrial designs and manufactures energy absorption, precision motion control, and natural gas regulators, primarily for the automation, heavy industry, infrastructure, and oil and gas markets. The company’s energy absorption products consist of customized shocks absorbers, vibration isolators and dampers. Its precision motion control products consist of servomotors, actuators, and controllers. CT Industrial has solid positions in China, Europe, and North America. It has a customer base, including end-users, OEMs, and distributors. Channels to market include direct, commissioned representation and buy-resell distributors. Business Strategies The elements of the company’s strategy are disciplined organic growth through global market expansion and new product development, combined with operational improvements through the IMS that focus on reducing costs and cycle times and improving productivity, quality, and safety on a continuing basis. The company’s strategy to achieve profitable growth goals consists of various major areas, such as differentiated customer experience; focused geographic and aftermarket market expansion; and operational excellence, which focuses on integrated execution and continuous improvement processes to drive customer loyalty and productivity. In addition to the major elements of the company’s growth strategy, the company leverages its set of resources and capabilities across its businesses in order to improve the company’s value creation potential. Research and Development During 2014, the company recognized research and development expenses of $76.6. Seasonality The company’s businesses experience limited seasonal variations, with demand generally at an annual low during summer months (its third quarter (year ending December 2014)) primarily attributable to manufacturing shutdowns and the planned industrial maintenance activities of its customers. Revenue impacts from the limited seasonal variations are mitigated by its backlog of orders that allow the company to adjust levels of production across the summer months. Environmental Matters The company is subject to stringent federal, state, local, and foreign environmental laws and regulations concerning air emissions, water discharges and waste disposal. In the U.S., these include, but are not limited to, the Federal Clean Air Act; the Clean Water Act; the Resource, Conservation and Recovery Act; and the Comprehensive Environmental Response, Compensation and Liability Act. History The company was founded in 1920. It was incorporated in 1920. The company was formerly known as ITT Industries, Inc. and changed its name to ITT Corporation in 2006.
itt corp (ITT:New York Consolidated)
1133 Westchester Avenue
White Plains, NY 10604
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