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Tag Archives: NYSE: ITT

ITT Releases 2nd Quarter Financial Results; Loranger Comments

ITT Corp. (NYSE: ITT) released its second quarter 2011 financial results on July 29. ITT generated $220 million of income from continuing operations, or $11.8 per share, not including costs related to its upcoming spinoff of its defense and water businesses, for four percent year-over-year growth. The company generated revenue of …

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ITT Wins $268M Army Modification to Support Troops and Equipment in Kuwait

The U.S. Army has awarded ITT Systems Corp. (NYSE: ITT), Colorado Springs, Colo., a $267, 918, 208 cost-plus-award-fee contract to provide base operations and security support services for troops and equipment moving through Kuwait. The award modifies an existing contract. The bid was solicited through the Internet, with five bids received. Work will …

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ITT Announces Names, Provides Details of Spinoff Water and Defense Companies

ITT Corporation (NYSE: ITT) has announced the future names of the standalone water and defense companies that are expected to separate from ITT’s current corporate structure later this year. ITT shareholders will own shares in all three corporations following the completion of the tax-free spinoffs. ITT’s current water and wastewater, residential and commercial water and flow control …

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ITT to Sustain Air Force Space and Missile Sensors, Provide System Engineering

The U.S. Air Force has awarded ITT Systems Corp. (NYSE: ITT), Colorado Springs, Colo., a $7, 745, 642 modification to a cost-plus-award-fee contract. The company will provide system engineering integration and sustain ground-based missile warning, missile defense and space surveillance sensors. Work will be performed at Colorado Springs, Colo. Peterson …

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ITT Registers Businesses and Segment with SEC; Moves Forward with Separation into 3 Companies

ITT Corp (NYSE: ITT) has provided the U.S. Securities and Exchange Commission with details of the three publicly-traded companies it plans to separate into. The company filed Form 10 registration statements for its water-related businesses and information and solutions segment. ITT plans to list the two new companies on the New York Stock …

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ITT to Acquire YSI Inc., Strengthen Water Business

ITT Corporation (NYSE: ITT) has reached an agreement to acquire YSI Incorporated,  who develops and manufactures data collection platforms, software and sensors for environmental water monitoring. YSI had 2010 global revenues of $101 million and employs 390 people in the U.S., Europe and Asia. The acquisition is expected to close in the 3rd quarter …

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ITT to Provide Air Force with Systems Software and Equipment for Pakistan

ITT Systems Corporation (NYSE: ITT) Clifton, N.J., has won a firm-fixed-price U.S. Air Force contract not to exceed $49, 097, 182. The contract is a foreign military sales requirement for Pakistan. The company will provide systems software and support equipment for the ALQ-211 (v)9 Pod, including: 18 pods 4 pod …

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ITT Corp Wins $68M Army Contract to Provide SW Asia Mission Support, Kuwait Stocks

The U.S. Army has awarded ITT Systems Corp. (NYSE: ITT), Colorado Springs, Colo., a $68, 020, 223 cost-plus-fixed-fee and firm-fixed-price contract. The award modifies an existing contract. ITT will provide maintenance, supply and transportation services in support of the Army preposition stocks Kuwait and direct theater support for southwest Asia missions. Work will …

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ITT Wins $21M Air Force Contract to Sustain Space and Missile Sensors, Provide Engineering Integration

The U.S. Air Force has awarded ITT Systems Corp. (NYSE: ITT), Colorado Springs, Colo., a $20, 876, 842 cost-plus-award-fee contract modification. ITT will integrate system engineering and sustain ground-based missile warning, missile defense and space surveillance sensors.   Work will be performed at Colorado Springs, Colo. Peterson Air Force Base, Colo., is the …

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ITT Corp Wins 2 Army Night Vision Awards for $25M Purse

ITT Corporation (NYSE: ITT) has won two awards worth a total of $25 million from the U.S. Army Research, Development and Engineering Command for AN/AVS-6(V)3 aviator night vision goggles and spare image intensifier tubes. The night vision system is designed for use by special operations ground systems. “ITT has increased …

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