ITT Acquires Micro-Mode to Strengthen its Defense and Space Capabilities

ITT Acquires Micro-Mode to Strengthen its Defense and Space Capabilities

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 defense systems, has been qualified on numerous U.S. space and defense programs for more than 30 years. Micro-Mode’s differentiated miniature and high-frequency design capabilities will enhance ITT’s 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.

The acquisition of Micro-Mode grows ITT’s existing North America connectors platform, which is part of its Connect & 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.

Micro-Mode has a proven business model that delivers value to customers in very demanding applications,” said ITT’s Chief Executive Officer and President Luca Savi. “The company’s 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.”

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’s 2023 guidance as a result of the transaction.

Click Here to Learn More About ITT's Connect & Control Technologies (CCT).


Publisher: SatNow
Tags:-  Satellite

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beidou

Satellite NameOrbit Date
BeiDou-3 G4Geostationary Orbit (GEO)17 May, 2023
BeiDou-3 G2Geostationary Orbit (GEO)09 Mar, 2020
Compass-IGSO7Inclined Geosynchronous Orbit (IGSO)09 Feb, 2020
BeiDou-3 M19Medium Earth Orbit (MEO)16 Dec, 2019
BeiDou-3 M20Medium Earth Orbit (MEO)16 Dec, 2019
BeiDou-3 M21Medium Earth Orbit (MEO)23 Nov, 2019
BeiDou-3 M22Medium Earth Orbit (MEO)23 Nov, 2019
BeiDou-3 I3Inclined Geosynchronous Orbit (IGSO)04 Nov, 2019
BeiDou-3 M23Medium Earth Orbit (MEO)22 Sep, 2019
BeiDou-3 M24Medium Earth Orbit (MEO)22 Sep, 2019

galileo

Satellite NameOrbit Date
GSAT0223MEO - Near-Circular05 Dec, 2021
GSAT0224MEO - Near-Circular05 Dec, 2021
GSAT0219MEO - Near-Circular25 Jul, 2018
GSAT0220MEO - Near-Circular25 Jul, 2018
GSAT0221MEO - Near-Circular25 Jul, 2018
GSAT0222MEO - Near-Circular25 Jul, 2018
GSAT0215MEO - Near-Circular12 Dec, 2017
GSAT0216MEO - Near-Circular12 Dec, 2017
GSAT0217MEO - Near-Circular12 Dec, 2017
GSAT0218MEO - Near-Circular12 Dec, 2017

glonass

Satellite NameOrbit Date
Kosmos 2569--07 Aug, 2023
Kosmos 2564--28 Nov, 2022
Kosmos 2559--10 Oct, 2022
Kosmos 2557--07 Jul, 2022
Kosmos 2547--25 Oct, 2020
Kosmos 2545--16 Mar, 2020
Kosmos 2544--11 Dec, 2019
Kosmos 2534--27 May, 2019
Kosmos 2529--03 Nov, 2018
Kosmos 2527--16 Jun, 2018

gps

Satellite NameOrbit Date
Navstar 82Medium Earth Orbit19 Jan, 2023
Navstar 81Medium Earth Orbit17 Jun, 2021
Navstar 78Medium Earth Orbit22 Aug, 2019
Navstar 77Medium Earth Orbit23 Dec, 2018
Navstar 76Medium Earth Orbit05 Feb, 2016
Navstar 75Medium Earth Orbit31 Oct, 2015
Navstar 74Medium Earth Orbit15 Jul, 2015
Navstar 73Medium Earth Orbit25 Mar, 2015
Navstar 72Medium Earth Orbit29 Oct, 2014
Navstar 71Medium Earth Orbit02 Aug, 2014

irnss

Satellite NameOrbit Date
NVS-01Geostationary Orbit (GEO)29 May, 2023
IRNSS-1IInclined Geosynchronous Orbit (IGSO)12 Apr, 2018
IRNSS-1HSub Geosynchronous Transfer Orbit (Sub-GTO)31 Aug, 2017
IRNSS-1GGeostationary Orbit (GEO)28 Apr, 2016
IRNSS-1FGeostationary Orbit (GEO)10 Mar, 2016
IRNSS-1EGeosynchronous Orbit (IGSO)20 Jan, 2016
IRNSS-1DInclined Geosynchronous Orbit (IGSO)28 Mar, 2015
IRNSS-1CGeostationary Orbit (GEO)16 Oct, 2014
IRNSS-1BInclined Geosynchronous Orbit (IGSO)04 Apr, 2014
IRNSS-1AInclined Geosynchronous Orbit (IGSO)01 Jul, 2013