GRDC News - July 2005
 

Welcome New Members

The GRDC is pleased to welcome two new members, ITT Industries Space Systems Division and PRISM International.

ITT Industries, Inc. is a global engineering and manufacturing company with leading positions in the markets it serves, generating 2004 sales of $6.8 billion.

Building on 50 years of experience, Space Systems' mission is to continue to provide innovative solutions to customers in Department of Defense, Intelligence, Space Science and Commercial Aerospace to help them visualize and understand critical events happening on earth, in the air, or in space in time to take effective action.

ITT Industries is the world's premier supplier of pumps, systems and services to move, control and treat water and other fluids. The company is a major supplier of sophisticated military defense systems, and provides advanced technical and operational services to a broad range of government agencies. ITT Industries also produces connectors, switches, keypads and cabling used in telecommunications, computing, aerospace and industrial applications, as well as network services. Further, ITT Industries makes industrial components for a number of other markets, including transportation, construction and aerospace. Based in White Plains, New York, ITT Industries employs approximately 44,000 people around the world.

In addition to the New York Stock Exchange, ITT Industries' common stock is traded on the London, Midwest, Pacific, Frankfurt and Paris exchanges.

Since becoming an independent company in 1995, ITT Industries has taken major steps to strengthen its key businesses with significant potential for profitability and growth. Through a series of acquisitions (Goulds Pumps, Kaman Sciences, Stanford Telecom and C&K Components, among others) and divestitures (non-core businesses primarily in automotive), the company has positioned itself for leadership in its chosen businesses. In September of 1998, the Company sold its automotive Electrical Systems business to Valeo SA (France) for $1.7 billion and its Brake and Chassis business to Continental AG ( Germany) for $1.9 billion. Together, the two businesses accounted for approximately $4 billion in annual sales.

The Company reports its financial results under four reporting segments: Electronic Components, Defense Electronics & Services, Fluid Technology, and Motion & Flow Control. The four segments highlight the diversity and balance of the Company's portfolio, and better reflect each of the businesses that will be going forward.

Representing ITT Industries, Space Systems Division is Pamela Hines, VP, Director VBSS Champion. She can be reached at 1447 St. Paul Street, Rochester, NY 14653, Phone 585-269-6232, Fax 585-269-5664, E-mail: Pamela.Hines@ITT.com. See Pamela Hines Profile.

PRISM International, Inc. is a WBENC certified, full-service provider of innovative, proven consulting services and training programs and products for:

• Leveraging Diversity & Inclusion
• Increasing Cross Cultural Effectiveness
• Preventing Harassing & Discriminatory Behaviors
• Ensuring Compliance & Creating Representation

Our organizational, strategic and tactical focus, process and expertise provide a total solution for connecting diversity for results.

PRISM serves Fortune 1000 and Global 500 organizations in thirteen countries on six continents. Our services and programs are offered in a variety of languages and dialects.

Our goal is to provide strategies and tactics that connect to the organizational business plan resulting in growth, profitability and competitive advantage in the workplace and marketplace.

Our mission is to make a difference in quality of worklife and organizational performance by helping people create inclusive workplaces where all individuals are valued for their diverse contributions.

Our vision is to be the recognized diversity leader for significantly increasing client results in their workforce, workplace and marketplace.