Company Overview Visit itt.com website
ITT Industries, known more simply as ITT, is an American company that manufactures and supplies technology-based products for the military. The company was founded in 1920 by Sam E. Workman Jr., who named the enterprise after his initials. Workman's first major investment in the company was $1,000 he had acquired through inheritance.
ITT Industries acquired many companies over the years to expand their market globally. Their new acquisitions included divisions of Hughes Aircraft Company (1950), International Telephone & Telegraph (1975), Bendix Corporation (1982), Exego Group PLC (1992) and Pennzoil-Quaker State Co. (1997). ITT also ran factories in various locations around the world, Brunswick Corporation 's shipyards in Florida, Virginia and New Jersey.
In its early beginnings, ITT was a conglomerate of mainly five businesses: commercial telephone systems, electronic components, defense electronics and aircraft engine components.