Monique Davis Strayer University – Online Campus FIN 534 Professor Ronal Lentz Monique Davis December 11, 2011
Company profile

ITT Corporation (NYSE: ITT) is a global manufacturer and top 10 U.S. defense contractor specializing in electronics and fluids with annual revenues of about $11 billion. As the largest supplier of pumps and systems in the transport and treatment of water, ITT offers its services to local governments in the U.S. and to the governments of developing nations. ITT also manufactures electronics such as night vision goggles and communication systems for the U.S. military.

The future of ITT's fluids business depends on the global demand for clean water, especially in developing countries such as China and India. The growth in agriculture, increasingly wealthy populations, and widespread pollution in these developing countries have contributed to the rising demand for clean water. ITT is just one of many competitors working to bring clean water to developing nations.

(WIKI Invest, 2011) provides that during the financial period about 58% of ITT's revenue is generated by its defense and information solutions business segment. As a result, a significant proportion of ITT's revenues come directly from U.S. government contracts. Since the September 11, 2001 terrorist attacks, U.S. defense spending has risen over 35%, reaching $896.2 billion in 2010. ITT consists of three business segments: Defense Electronics & Services, Fluid Technology, and Motion & Fluid Control. (WIKI Invest, 2011)

Generating $6.3 billion in 2009, Defense Electronics & Services specializes in sensing and surveillance, communications, space, and advanced engineering and integrated services. The defense electronics segment manufactures equipment ranging from tactical attack and defense telecommunication systems