ITT Signs Agreement to Acquire Aerospace Contacts LLC, A Leading Provider of Specialized, High-Reliability Contacts
ITT Inc. signed a definitive agreement to acquire privately held Aerospace Contacts LLC for $31 million to strengthen its Connect & Control Technologies segment. Aerospace Contacts manufactures high-reliability precision contacts for the aerospace and defense markets and employs approximately 140 people in Gilbert, Arizona.
Key figures
- Deal Value Usd
- 31000000
- Employee count
- 140
AI analysis
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