ITT Inc. announced on July 6, 2026, the completion of its acquisition of privately held Aerospace Contacts LLC for a purchase price of $31 million. The acquisition aims to strengthen supply chain resilience within ITT's Connect & Control Technologies business and position the company for further growth in the aerospace and defense end markets.

Aerospace Contacts is a recognized manufacturer of critical, high-reliability precision contacts. Its 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 sectors.

As a long-standing supplier of ITT Cannon, the integration of Aerospace Contacts is expected to enhance operational efficiencies. ITT operates through three value centers: Flow Technologies, Motion Technologies, and Connect & Control Technologies. The company is headquartered in Stamford, Connecticut, with employees in more than 40 countries and sales in approximately 125 countries.

Key Acquisition Details

ITT Inc. today announced the election of Bertrand Loy and Kevin Wheeler to its Board of Directors, effective August 1, 2026. The appointments reflect a disciplined approach to board refreshment and focus on adding directors with capabilities aligned with ITT's strategic direction and business goals. The Board also appointed Mr. Loy to the Audit Committee and Mr. Wheeler to the Nominating and Governance Committee, effective August 1, 2026.

Bertrand Loy is Executive Chairman and former Chief Executive Officer of Entegris, Inc., a global supplier of advanced materials and process solutions for the semiconductor and other high-technology industries. He served as Chief Executive Officer from 2012 to 2025 and was appointed Executive Chairman in 2025. Earlier in his tenure at Entegris, he held senior leadership roles, including Chief Operating Officer and Executive Vice President of Global Supply Chain and Manufacturing. Mr. Loy also serves as an independent director of Ashland Inc., where he is a member of the Audit Committee and the Governance and Nominating Committee. He holds an MBA from ESSEC Business School in France.

Kevin Wheeler is Executive Chairman and former Chief Executive Officer of A. O. Smith Corporation, a global water technologies manufacturer serving customers in more than 60 countries. He served as Chief Executive Officer from 2018 to 2025 and became Executive Chairman in 2025. During his more than 30-year career with A. O. Smith, Mr. Wheeler held leadership roles spanning sales, marketing, international business development, global operations, manufacturing and engineering. Mr. Wheeler also serves as an independent director of Graco Inc., where he is a member of the Management Organization and Compensation Committee and the Governance Committee. He holds a Bachelor of Science degree in Finance from the University of Nevada and completed the Advanced Management Program at Harvard Business School.

Board Appointments Overview

ITT is a diversified leading manufacturer of highly engineered critical components and customized technology solutions for the transportation, industrial, nutrition and health and energy markets. The company operates through three value centers: Flow Technologies, Motion Technologies and Connect & Control Technologies. ITT is headquartered in Stamford, Connecticut, with employees in more than 40 countries and sales in approximately 125 countries.