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Tag Archives: NYSE: ITT

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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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 …

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ITT Corp. Looks to Raise $100M in ‘Dutch Auction’ Debt Sale

ITT Corp. (NYSE: ITT) is seeking to raise $100 million in a “Dutch auction” bond offering of 7.4 percent debt instruments that come due in 2025. The company said that $87.5 million of principal had been tendered as of 5 p.m. EST on Oct. 3. ITT has retained J.P. Morgan Securities …

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ITT Completes Acquisition of Global Water Analytics Firm YSI Inc.

ITT Systems Corp. (NYSE: ITT) has completed its acquisition of YSI Inc., a developer and manufacturer of sensors, instruments, software and data collection platforms for environmental water monitoring. ITT said the move forms a water-focused analytics business approximately $300 million annual revenue. YSI reported 2010 global revenues of $101 million. …

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ITT to Support Radar Systems Program for Counter Drug, Terrorism Missions

The U.S. Air Force has awarded ITT Systems (NYSE: ITT) a $32, 196, 975 firm-fixed-price contract modification to provide resources for the tethered aerostat radar systems program. ITT resources will support counter drug and narco-terrorism efforts. The company will also support North American Aerospace Defense Command air sovereignty missions. Air Combat …

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ITT to Integrate Missile Defense, Space Surveillance Sensors Systems on $94M in Air Force Contracts

ITT Systems Corp. (NYSE: ITT) has won a $93, 926, 540 over two contract modifications to integrate system engineering and sustain ground-based missile warning, missile defense and space surveillance sensors. The two contracts cover the systems engineering and sustainment integrator operated by U.S. Strategic Command and Air Force Space Command. The awards …

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Army Names Awardees on $1B Force Protection IDIQ

The U.S. Army has awarded 16 contractors places on a $997 million indefinite-delivery/indefinite-quantity contract to provide force protection measures in theater and in the continental U.S. Awardees include: BAE Systems Technology Solutions & Services Co.,  North Charleston, S.C. DRS C3 & Aviation Company,  Gaithersburg, Md. ITT,  Colorado Springs, Colo. Science Applications …

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