PRZOOM - /newswire/ -
Colorado Springs, CO, United States, 2011/02/18 - The U.S. Small Business Administration (SBA) recently honored ITT's Information Systems business with its Award of Distinction. NYSE: ITT
This award was established in 1985 to recognize large federal contractors that have exceptional small business subcontracting programs which exceed the goals of the Small Business Act in utilizing small businesses on federal projects. Less than two percent of the large contractors overseen by the SBA are recipients of this award.
"ITT's aggressive and successful small business program is clearly indicative not only of management support, but of the support of all involved personnel," said Daniel Hannaher, SBA's Region VIII administrator. "ITT's ongoing efforts to identify and promote opportunities for small businesses have far exceeded government goals."
"ITT recognizes that working with small businesses can bring our customers innovative and cost-effective solutions," said Mike Wilson, president of ITT's Information Systems business. "Proactively securing small business partnerships helps ITT to satisfy our customers' needs with the added benefit of supporting the broader growth and prosperity of small businesses."
The SBA reviews large contractors to ensure compliance with subcontracting laws and regulations and then rates each company based on its participation in outreach activities, internal training and subcontracting goals. Any company rated outstanding may be nominated for the Award of Distinction. ITT has been rated outstanding for the past three years.
ITT's innovative small business program includes policies, procedures, and incentives that achieve consistently high levels of meaningful small business participation. The company maintains innovative outreach programs to ensure that all small business concerns have equal opportunity to compete for subcontracts. For those interested in partnering with ITT on small business initiatives, please contact Diana Choffy, ITT Information Systems small business liaison, at Diana.Choffy[.]itt.com or (719) 599-1756.
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 2010 revenue of $11 billion.