ITT Industries
Headquarters:
4 West Red Oak Lane
White Plains, NY 10604
Employees: 42,000
CEO: Steven Loranger
Website: http://www.itt.com
Stock Symbol:
ITT
Career
Page
ITT Industries, Inc. is a global engineering
and manufacturing company. ITT is the world's premier supplier
of pumps, systems and services to move, control and treat water
and other fluids. The company is a major supplier of sophisticated
military defense systems, and provides advanced technical and
operational services to a broad range of government agencies.
ITT also produces connectors, switches,
keypads and cabling used in telecommunications, computing, aerospace
and industrial applications, as well as network services. The
company also makes industrial components for a number of other
markets, including transportation, construction and aerospace.
In addition to the New York Stock Exchange,
ITT's common stock is traded on the London, Midwest, Pacific,
Frankfurt and Paris exchanges.
History
ITT Industries was formed when the parent
company ITT Corp. split into 3 separate public companies:
- ITT Corp - In 1997, ITT Corp completed
a merger with Starwood Hotels & Resorts Worldwide, selling
off its non-hotel and resorts business.
- ITT Hartford (insurance) - Today ITT Hartford
is still a major insurance company although it has dropped the
ITT from its name altogether. The company is now know as The
Hartford
- ITT Industries - ITT Industries still
operates under this name and is a major manufacturing and defense
contractor businesses.
Since becoming an independent company in
1995, ITT has taken major steps to strengthen its key businesses
with significant potential for profitability and growth. Through
a series of acquisitions (Goulds Pumps, Kaman Sciences, Stanford
Telecom and C&K Components, among others) and divestitures
(non-core businesses primarily in automotive), the company has
positioned itself for leadership in its chosen businesses.
In September of 1998, the Company sold
its automotive Electrical Systems business to Valeo SA (France)
for $1.7 billion and its Brake and Chassis business to Continental
AG (Germany) for $1.9 billion. Together, the two businesses accounted
for approximately $4 billion in annual sales.
Benefits
Employees enjoy medical and dental coverage,
a company paid retirement plan, 401 K savings plan, life insurance
protection, sickness and accident income protection, a generous
vacation and holiday program, a tuition reimbursement program,
and a program that allows you to use tax-free dollars to pay
for many health care and dependent care expenses.
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