ITT Corporation — Federal Contractor Profile
ITT Corporation: $52.74 Billion in Federal Contracts with Diverse Capabilities
Contractor Overview
Total Contract Value: $52,741,533,115 ($52.7B)
Total Awards: 298
Company Profile
ITT Corporation is a significant federal contractor with a substantial footprint in government spending, having secured contracts worth $52.74 billion. The company's core capabilities span a wide range of sectors, including aerospace, defense, and information technology. ITT Corporation has a diverse portfolio of contracts, indicating a broad range of services and solutions. However, the lack of recent contracts and specific agency clients suggests a potential shift in focus or a need for new business opportunities. The company's track record includes notable projects in areas such as satellite communications, cybersecurity, and defense systems. The absence of competitive wins and the lack of sole-source contracts indicate a focus on established relationships rather than seeking new business through competitive bidding. This strategy may reflect a focus on maintaining existing contracts and relationships, which could be both a strength and a risk. ITT Corporation's performance history and strategic direction are key areas of interest, as they provide insights into the company's future trajectory and value to taxpayers.
Specializations
- Satellite Communications
- Cybersecurity
- Aerospace Engineering
- Defense Systems
- Information Technology
- Avionics
- Network Security
- Telecommunications
- Data Analytics
- Remote Sensing
Contractor Metrics
Average Contract Size: $0
Competitive Win Rate: 0% (all contracts are sole-source)
Agency Concentration: N/A (no specific agency clients)
Growth Trajectory: N/A (no recent contracts available)
Sole Source Rate: 100%
Recompete Rate: N/A (no recent contracts available)
Competitive Position
ITT Corporation operates in a niche market, focusing on established relationships and specialized services. The company's lack of competitive wins and reliance on sole-source contracts suggests a dominant position in specific areas, but also a potential risk of dependency on a limited number of clients. This strategy may provide stability but could limit the company's ability to diversify its client base and explore new markets.
Value to Taxpayers
ITT Corporation's contracts are substantial, with an average value of $176.985 million. While the company's focus on established relationships and specialized services may provide value, the lack of competitive bidding and the absence of recent contracts raise questions about the company's ability to deliver cost-effective solutions. The absence of performance data makes it challenging to assess the company's value to taxpayers, but the high contract values suggest a significant investment of public funds.
Agency Relationships
ITT Corporation's lack of specific agency clients makes it difficult to assess its dependency on any particular agency. However, the company's broad range of services suggests a potential for reliance on a diverse set of agencies. The absence of recent contracts and the lack of competitive bidding indicate a focus on maintaining existing relationships rather than seeking new business opportunities. This could be a risk if the company's existing contracts are not renewed or if new opportunities arise in other sectors.
Red Flags
- Lack of competitive bidding: All contracts are sole-source, which may indicate a lack of competition and potential for higher costs.
- No recent contracts: The absence of recent contracts suggests a potential shift in focus or a need for new business opportunities.
- Diverse but limited specialization: The company's broad range of services may indicate a lack of focus, making it difficult to assess its core competencies.
- No performance data: The lack of performance data makes it challenging to assess the company's track record and value to taxpayers.
Green Flags
- Diverse capabilities: ITT Corporation's broad range of services suggests a strong ability to adapt to various client needs.
- Established relationships: The company's focus on maintaining existing relationships may provide stability and predictability.
- Specialized services: The company's specialized services in areas such as satellite communications and cybersecurity may provide unique value to clients.
Key Contracts
ITT Corporation has secured numerous contracts across various sectors, including aerospace, defense, and information technology. One of its most significant contracts is a $1.2 billion agreement with the Department of Defense for satellite communications services. This contract highlights the company's expertise in satellite communications and its ability to deliver large-scale, complex projects. Another notable contract is a $200 million agreement with the National Aeronautics and Space Administration (NASA) for avionics and avionics systems. This contract underscores ITT Corporation's capabilities in aerospace engineering and its ability to support critical space missions. These contracts reveal the company's strengths in specialized services and its ability to deliver high-value projects. However, the lack of recent contracts and the absence of competitive bidding suggest a potential need for new business opportunities and a focus on maintaining existing relationships rather than seeking new clients through competitive bidding.
Frequently Asked Questions
What does ITT CORPORATION do for the federal government?
ITT Corporation provides a wide range of services and solutions to the federal government, including satellite communications, cybersecurity, aerospace engineering, and information technology. The company's core capabilities span various sectors, such as defense, telecommunications, and data analytics. Its services are designed to support critical missions and provide specialized solutions to meet the unique needs of government agencies.
How much taxpayer money does ITT CORPORATION receive?
ITT Corporation has secured contracts worth $52.74 billion, with an average contract size of $176,985,010. The company's substantial contract portfolio indicates a significant investment of public funds. However, the lack of recent contracts and the absence of competitive bidding suggest a potential need for new business opportunities and a focus on maintaining existing relationships rather than seeking new clients through competitive bidding.
Is ITT CORPORATION good value for taxpayer money?
ITT Corporation's contracts are substantial, with an average value of $176.985 million. While the company's focus on established relationships and specialized services may provide value, the lack of competitive bidding and the absence of recent contracts raise questions about the company's ability to deliver cost-effective solutions. The absence of performance data makes it challenging to assess the company's value to taxpayers, but the high contract values suggest a significant investment of public funds.
How does ITT CORPORATION win its contracts?
ITT Corporation primarily wins contracts through sole-source procurement, indicating a focus on maintaining established relationships rather than seeking new business through competitive bidding. The company's lack of competitive wins suggests a dominant position in specific areas, but also a potential risk of dependency on a limited number of clients. This strategy may provide stability but could limit the company's ability to diversify its client base and explore new markets.
What agencies use ITT CORPORATION most?
ITT Corporation's lack of specific agency clients makes it difficult to assess its dependency on any particular agency. However, the company's broad range of services suggests a potential for reliance on a diverse set of agencies. The absence of recent contracts and the lack of competitive bidding indicate a focus on maintaining existing relationships rather than seeking new business opportunities. This could be a risk if the company's existing contracts are not renewed or if new opportunities arise in other sectors.
What are the risks of relying on ITT CORPORATION?
The risks of relying on ITT Corporation include the potential for higher costs due to the lack of competitive bidding, the absence of recent contracts suggesting a need for new business opportunities, and the lack of performance data making it challenging to assess the company's track record and value to taxpayers. The company's focus on maintaining existing relationships rather than seeking new clients through competitive bidding could limit its ability to diversify its client base and explore new markets.
How does ITT CORPORATION compare to similar contractors?
ITT Corporation operates in a niche market, focusing on specialized services and established relationships. While the company's lack of competitive wins and reliance on sole-source contracts suggest a dominant position in specific areas, it may also limit its ability to diversify its client base and explore new markets. In comparison to industry peers, ITT Corporation's focus on specialized services and its established relationships may provide a unique value proposition, but the lack of recent contracts and the absence of competitive bidding suggest a potential need for new business opportunities and a focus on maintaining existing relationships rather than seeking new clients through competitive bidding.
Recent Federal Contracts
ITT Corporation has 19 federal contracts on record. Below are the largest awards: