David Magnone Joins Capstone Corp. as CTO; Rich White Comments

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David Magnone David Magnone has joined Capstone Corporation to provide technical vision and leadership across the company’s technology domains as Capstone’s chief technology officer. The more-than-30-year business, technology and engineering leader is also responsible for broadening Capstone’s offerings by introducing new innovative technology solutions into its services portfolio,...

Mary Beth Gustafsson Named ITT Corp. General Counsel; Denise Ramos Comments

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Mary Beth Gustafsson, formerly a general counsel, secretary and chief compliance officer at First Solar, has joined ITT Corp. (NYSE: ITT) as general counsel reporting directly to CEO Denise Ramos, ITT said Tuesday. The White Plains, N.Y.-based manufacturing company says Gustafsson will be part of the executive team and be in charge of all global legal functions, compliance, corporate governance and...

Army Offering $988M for Advanced Vehicle Radio Procurement

The U.S. Army is seeking contractors for a 8 million multiple award contract that will supply the branch with advanced vehicle radios for the next decade, reports NextGov. According to the Bob Brewin article, the award calls for single-channel vehicle radios that run the government-owned joint tactical radio system soldier radio waveform used in handheld Rifleman Radios and manpack sets, and can be...

November Executive Move Recap; 21 Moves all Across GovCon

No time to waste, see all 21 executive moves GovCon Wire covered in November below. Business Development  SRA International appointed Deb Alderson to guide the firm’s efforts to enter new markets and land large customer accounts in the newly created position of executive vice president of strategic development. CACI International Inc. (NYSE: CACI) appointed Krisstie Kondrotis as executive vice...

GovCon Wire’s October M&A Activity Recap: Active Tech Sector, One Big Spinoff

The technology sector was one to watch in October’s merger and acquisition landscape, and a dominant player in the government contracting industry completed a significant transformation. GovCon Wire recorded 10 acquisitions in October and the first week of November, up from the eight we covered in September. Acquisitions IBM (NYSE: IBM) looked to expand its big data analytics software offerings...

ITT Corp. Completes Acquisition of Blakers Pump Engineers

ITT Corp. (NYSE: ITT) announced today that it has completed its acquisition of Blakers Pump Engineers, a long-time distributor of ITT’s Goulds Pumps brand in Australia, for an undisclosed amount. ITT said the move will lengthen its reach and capabilities in the Australian oil, gas and mining industries. Blakers supplies process and industrial quality pumping equipment and provides technical and...

David Melcher Comments on Completed ITT Spinoffs

  David Melcher, ITT Exelis ITT Corp. (NYSE: ITT) has completed its previously announced separation plan, retaining its core industrial offerings and spinning off its defense and information solution business into ITT Exelis and its water technology and services business into Xylem. Open trading of Exelis (NYSE: XLS) and Xylem (NYSE: XYL) shares will begin Tuesday. ITT Corp. will now consist...

ITT 3Q Revenues Grow Across All Sectors Prior to Oct. 31 Spinoff

ITT Corp. (NYSE: ITT) released its third quarter financial results on Oct. 28, 2011. After subtracting $93 million in after-tax spinoff expenses and other adjustments, the company reported it realized $218 million in income from continuing operations, or $1.17 per share. That’s compared with $200 million or $1.08 per share in the prior-year period. The company also reported increases in revenue...

ITT Awarded $80M for Space Lift Range System Efforts

The U.S. Air Force has awarded ITT Systems Corp. (NYSE: ITT) an $80,707,449 contract modification to exercise an option for Space Lift Range System efforts from Nov. 1, 2011 to Oct. 31, 2012. ITT will provide: program and interface management systems engineering and integration depot maintenance transition product acquisitions and modifications instrument modernization for operational systems and...

ITT Selects Board Members for Exelis, Xylem Spinoffs

ITT Corporation (NYSE: ITT) has announced the members of the board of directors for ITT Exelis (NYSE: XLS) and Xylem Inc. (NYSE: XYL), which are planned to spin off from ITT on Oct. 31. Ralph Hake, former chairman and CEO of Maytag, will become chairman of the Exelis board. Hake has been an ITT director since 2002. Steve Loranger, the chairman, president and CEO of ITT, will also join the Exelis board. Other...