ITT Agrees To Acquire Privately Held Aerospace Contacts For Purchase Price Of $31M

ITT, Inc.

ITT, Inc.

ITT

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ITT Inc. (NYSE:ITT) today announced the signing of a definitive agreement to acquire the privately held Aerospace Contacts LLC (Aerospace Contacts), a leading manufacturer of highly engineered contact systems and interconnect components, for a purchase price of $31 million.

Aerospace Contacts is a leading specialist in the manufacture of critical, high-reliability precision contacts used in connectors for the aerospace and defense market and is a long-standing supplier of ITT Cannon in Connect & Control Technologies (CCT). The pending acquisition will strengthen both companies' supply chain resilience while positioning ITT for further growth in this highly strategic market.

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