"We believe the integration of the AOS group's proven suite of web-based applications will enhance ITT's ability to rapidly deliver cloud-based business intelligence solutions that solve our aviation customers' pressing operational needs," said Mike Wilson, president of ITT Information Systems. "This transaction strengthens ITT's business portfolio as we accelerate our commercial strategy for growth in the air traffic management industry."
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 terms of the sale were not disclosed.
About ITT Information Systems
ITT Information Systems provides networked decision support solutions to government and commercial customers through sophisticated information integration and protection, such as next generation air traffic management solutions and cyber security. ITT is currently under contract with the FAA to deploy, operate and maintain the Automatic Dependent Surveillance-Broadcast (ADS-B) system, the cornerstone technology of the FAA's Next Generation Air Transportation System initiative that will transform the ground-based air traffic control system of today to a more efficient, satellite-based system. ITT is fully meeting all ADS-B contract milestones in accordance with an aggressive schedule set by the FAA in 2007.
About ITT Corporation
ITT Corporation (itt.com) is a high-technology engineering and manufacturing company operating on all seven continents in three vital markets: water and fluids management, global defense and security, and motion and flow control. With a heritage of innovation, ITT partners with its customers to deliver extraordinary solutions that create more livable environments, provide protection and safety and connect our world. Headquartered in White Plains, N.Y., the company reported 2009 revenue of $10.9 billion.
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