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ITT Inc. today announced the completion of its acquisition of the privately held Aerospace Contacts LLC (Aerospace Contacts), a recognized manufacturer of critical, high-reliability precision contacts, for a purchase price of $31 million.
Aerospace Contacts’ product portfolio primarily consists of custom contacts, housings and shells, with specialized capabilities supporting high-mix, custom contact requirements for harsh-environment connector applications. The majority of its annual sales are generated from customers in the Americas serving the aerospace and defense end markets.
Aerospace Contacts is a long-standing supplier of ITT Cannon and will strengthen supply chain resilience as part of ITT's Connect & Control Technologies business while also positioning ITT for further growth in this highly strategic market.
