ITT Corp. [ITT] yesterday completed its acquisition of EDO Corp. for $1.7 billion, which includes the assumption of debt, giving it a range of new aerospace and defense capabilities.
The deal was expected to close early next year.
EDO gives ITT new capabilities in counter-improvised explosive device systems and technology, weapons release systems, anti-submarine warfare, mine countermeasures, tactical networking communications, antennas, composites and structures and more.