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ITT to acquire Airport Operations Solutions group from SRA International

ITT Corporation today announced it has reached a definitive agreement with SRA International, Inc. under which ITT will acquire SRA's Airport Operations Solutions (AOS) group, a leading provider of airport solutions in North America since 1974.         
Today more than 50 major airports enjoy the operational benefits of AOS's secure centrally managed web-based airport operation management platform, AirScene.com , which provides critical airport business functions such as revenue, surface operations and noise management. The AOS group reported revenue of approximately $3.5 million in the 12 months ended June 30, 2010 and employs 17 full time people located in Herndon, Va.; Austin, Texas; and Boston, Mass.

"The AOS group's strong customer relationships and deep operational experience, coupled with a proven suite of web-based applications, complements ITT's culture of providing superior solutions through engineering innovation," said Dave Melcher, president of ITT Defense and Information Solutions. "The addition of the AOS group will strengthen ITT's business portfolio as we accelerate our commercial strategy for growth in the air traffic management industry."

ITT recently launched its commercial aviation data service that is positioned to be a single, trusted source of nationwide real-time surveillance and flight information which, when integrated with a suite of aviation business intelligence applications, can be used to optimize and streamline operations of airport operators, airlines and aviation service companies.

"The fusion of ITT's complete, accurate, and rapidly updating data service that provides tracking and flight data of all aircraft operating in the U.S. national airspace system with the AirScene.com application suite on one centrally hosted platform will allow ITT to rapidly deliver cloud-based business intelligence solutions that solve our aviation customers' pressing operational needs," said John Kefaliotis, ITT's vice president of next generation transportation systems. "We believe this comprehensive yet intuitive web-based application suite can now be deployed much faster and at a significantly lower cost to almost any airport and airline customer while instantly delivering operational benefits."

The terms of the agreement were not disclosed. The transaction is expected to close within the fourth quarter of 2010, pending regulatory approvals.
Contact
Bernard Asare
From
ITT Corp
Website
www.itt.com
Date

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