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This is the expense the company spent on research and development. ITT Corp's research and development for the three months ended in Jun. 2014 was $19 Mil. Its research and development for the trailing twelve months (TTM) ended in Jun. 2014 was $71 Mil.
This is the expense the company spent on research and development.
ITT Corp Research & Development for the trailing twelve months (TTM) ended in Jun. 2014 was 16.1 (Sep. 2013 ) + 18.4 (Dec. 2013 ) + 17.7 (Mar. 2014 ) + 18.6 (Jun. 2014 ) = $71 Mil.
If competitive advantage is created by a patent or tech advantage, at some point it will disappear.
High R&D usually dictates high SG&A which threatens the competitive advantage.
ITT Corp Annual Data
|Research & Development||634||178||161||182||244||258||253||66||63||67|
ITT Corp Quarterly Data
|Research & Development||17||17||16||13||16||16||16||18||18||19|