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ITT Investing To Expand Its Composites Business

By Cal Biesecker

Monday, June 20th, 2011

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ITT [ITT] today is announcing an approximately $120 million investment in a new facility for their defense and commercial composites business at the Paris Air Show, a company official said. Jim Barber, vice president and general manager of ITT Electronic Systems’ Integrated Structures, said the investment will expand company capabilities in producing carbon fiber, and new automated material placement machines will make production more reliable and quicker. “We’ve begun the process, acquiring machines, laying the ground work for the future…

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