Industrial technology company ITT announced on June 16, 2026, an agreement to acquire Aerospace Contacts, a specialist manufacturer of electrical connectors used in aircraft and defense systems, for $31 million in a cash transaction.
Aerospace Contacts produces high-reliability connector and interconnect components certified to meet stringent aerospace standards. ITT said the acquisition strengthens its Connect and Control Technologies segment by adding niche connector expertise aligned with growing demand from commercial aviation and defense prime contractors.
The transaction is expected to close in the third quarter of 2026, subject to customary regulatory conditions. ITT characterized the deal as a bolt-on acquisition consistent with its strategy of building specialized capabilities that complement existing product lines without requiring large capital outlays that would strain the balance sheet.
Connector and interconnect components have attracted acquisition interest from industrial conglomerates seeking to deepen positions in defense supply chains at a time of elevated global defense spending across NATO member states and allied nations.
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Sources:
https://www.rttnews.com/list/mergers.aspx