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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 Dec. 2015 was $24 Mil. Its research and development for the trailing twelve months (TTM) ended in Dec. 2015 was $79 Mil.
This is the expense the company spent on research and development.
ITT Corp Research & Development for the trailing twelve months (TTM) ended in Dec. 2015 was 18.3 (Mar. 2015 ) + 18.9 (Jun. 2015 ) + 18 (Sep. 2015 ) + 23.7 (Dec. 2015 ) = $79 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||161||182||244||258||59||64||63||67||77||79|
ITT Corp Quarterly Data
|Research & Development||16||18||18||19||20||20||18||19||18||24|