{"id":8643,"date":"2023-05-04T17:03:40","date_gmt":"2023-05-04T09:03:40","guid":{"rendered":"https:\/\/wp-productionenv-bjg9h2g2bgg5b8aa.southeastasia-01.azurewebsites.net\/news\/itt-acquires-micro-mode-to-strengthen-its-defense-and-space-capabilities\/"},"modified":"2023-05-04T17:03:40","modified_gmt":"2023-05-04T09:03:40","slug":"itt-acquires-micro-mode-to-strengthen-its-defense-and-space-capabilities","status":"publish","type":"post","link":"https:\/\/starpath.global\/news\/itt-acquires-micro-mode-to-strengthen-its-defense-and-space-capabilities\/","title":{"rendered":"ITT Acquires Micro-Mode to Strengthen its Defense and Space Capabilities"},"content":{"rendered":"<p style=\"text-align: center;\" itemprop=\"image\" itemscope=\"\" itemtype=\"https:\/\/schema.org\/ImageObject\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/cdn.satnow.com\/news\/Micro_Mode_cover_638187752418327674.png\" width=\"712\" height=\"377\" alt=\"ITT Acquires Micro-Mode to Strengthen its Defense and Space Capabilities\" class=\"imageload removeImageattr\" data-original=\"https:\/\/cdn.satnow.com\/news\/Micro_Mode_cover_638187752418327674.png\" style=\"\"><meta itemprop=\"url\" content=\"https:\/\/cdn.satnow.com\/news\/Micro_Mode_cover_638187752418327674.png\"><meta itemprop=\"width\" content=\"712\"><meta itemprop=\"height\" content=\"377\"><\/p>\n<p>ITT Inc. announced the acquisition of privately held Micro-Mode Products, Inc. (Micro-Mode) for approximately $80 million, which closed on May 2. Micro-Mode is a specialty designer and manufacturer of high-bandwidth Radio Frequency (RF) connectors for harsh environment defense and space applications.<\/p>\n<p>Micro-Mode, a provider company of RF and Hermetic connectors for radar, satellite and smart defense systems, has been qualified on numerous U.S. space and defense programs for more than 30 years. Micro-Mode\u2019s differentiated miniature and high-frequency design capabilities will enhance ITT\u2019s product portfolio and customer base, specifically for long-term defense programs. Micro-Mode holds leading positions in the defense and space connector industries and its high-reliability connectors are the product of choice for many mission-critical applications.<\/p>\n<p>The acquisition of Micro-Mode grows ITT\u2019s existing North America connectors platform, which is part of its Connect &amp; Control Technologies (CCT) segment. Micro-Mode also provides ITT further access to attractive segments and applications in space and defense, with a total addressable market of more than $4 billion. With its proven engineering and quality capabilities, the company maintains a highly defensible niche with sole source positions on attractive U.S. defense programs.<\/p>\n<p>\u201cMicro-Mode has a proven business model that delivers value to customers in very demanding applications,\u201d said ITT\u2019s Chief Executive Officer and President Luca Savi. \u201cThe company\u2019s expertise is a great addition to our connectors business and strengthens our presence in defense systems, military aircraft and space applications. Micro-Mode customer sentiment is overwhelmingly positive, and we are excited to have the Micro-Mode team join ITT.\u201d<\/p>\n<p>Micro-Mode employs approximately 170 highly skilled professionals at a single manufacturing site near San Diego, California. It generated approximately $26 million in sales during 2022. There is no change to ITT\u2019s 2023 guidance as a result of the transaction.<\/p>\n<p><strong>Click Here to Learn More About ITT&#8217;s Connect &amp; Control Technologies (CCT).<\/strong><\/p>\n<p style=\"text-align: center;\"><span class=\"fr-video fr-deletable fr-fvc fr-dvb fr-draggable\" contenteditable=\"false\" draggable=\"true\"><iframe loading=\"lazy\" width=\"640\" height=\"360\" src=\"https:\/\/www.youtube.com\/embed\/p0x2Dm5T__E?&amp;wmode=opaque\" frameborder=\"0\" allowfullscreen=\"\" class=\"fr-draggable\"><\/iframe><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>ITT Inc. announced the acquisition of privately held Micro-Mode Products, Inc. (Micro-Mode) for approximately $80 million, which closed on May 2. Micro-Mode is a specialty designer and manufacturer of high-bandwidth Radio Frequency (RF) connectors for harsh environment defense and space applications. Micro-Mode, a provider company of RF and Hermetic connectors for radar, satellite and smart [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":"","_links_to":"","_links_to_target":""},"categories":[2],"tags":[20],"class_list":["post-8643","post","type-post","status-publish","format-standard","hentry","category-news","tag-satellite"],"acf":[],"_links":{"self":[{"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/posts\/8643"}],"collection":[{"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/comments?post=8643"}],"version-history":[{"count":0,"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/posts\/8643\/revisions"}],"wp:attachment":[{"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/media?parent=8643"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/categories?post=8643"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/tags?post=8643"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}