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Tag Archives: ITT

Former Exelis CEO David Melcher Appointed AIA Chief Executive

David Melcher

David Melcher, formerly CEO of defense technology manufacturer Exelis (NYSE: XLS), will join the Aerospace Industries Association trade group as president and CEO on June 8, the AIA said Thursday. Melcher led McLean, Va.-based Exelis through its October 2011 spinoff from ITT Corp. (NYSE: ITT) into an independent company and May 2015 sale ...

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State Dept Clears US’ $130M Lockheed F-16 Upgrade Deal with Singapore

F16Fleet

Lockheed Martin (NYSE: LMT) will modernize Singapore’s F-16 Block 52 aircraft fleet after the State Department approved a potential $130 million foreign military sales agreement. The proposed FMS deal covers overhaul work on 60 F-16C/D/D+ planes and associated technology such joint helmet-mounted cueing systems, friend or foe devices, global positioning and inertial ...

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

Magnone_D

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, the company said Tuesday. ...

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

ITT logo

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 ...

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Army Offering $988M for Advanced Vehicle Radio Procurement

The U.S. Army is seeking contractors for a $988 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 ...

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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 ...

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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 ...

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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 ...

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David Melcher Comments on Completed ITT Spinoffs

  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. ...

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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 ...

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