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Tag Archives: NYSE: ITT

ARINC, ITT Secure Defense Deals

According to the Department of Defense, “ARINC was awarded a $41, 722, 209 cost-plus-fixed-fee contract.  The award will provide for one year of contractor logistics services option for the MI-17 aircraft.  Work will be performed in Iraq, with an estimated completion date of March 31, 2012.  One bid was solicited …

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ITT Makes Financial Announcements

ITT (NYSE: ITT) released the following statement: The firm’s board of directors “declared a cash dividend of $0.25 per share for the first quarter of 2011. This cash dividend will be payable on April 1, 2011 to shareholders of record on March 2, 2011. “The board of directors has also …

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ITT to Feature Offerings at Abu Dhabi Conference

ITT (NYSE: ITT) plans to discuess its ISR, tactical communications, electronic warfare and night vision capibilities at next week’s International Defence Exhibition and Conference in Abu Dhabi. “The Middle East is a critical growth market for ITT’s defense business, and we look forward to continuing to provide the best solutions …

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Monday DoD Winners Include Northrop Grumman, ITT

According to the Department of Defense, “Northrop Grumman (NYSE: NOC) was awarded a $14, 762, 658 cost-plus-award-fee contract.  The award will provide for engineering changes to the Army – Defense Integrated Human Resource System, Personal and Pay System contract for information technology services.  Work will be performed in Alexandria, Va., …

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ITT Rolls Out Fiscal Stats

ITT Corporation (NYSE: ITT) reported the following financial news: “2010 fourth-quarter revenue of $3 billion and income from continuing operations of $272 million, or $1.46 per share. Excluding special items, income from continuing operations was $253 million, or $1.36 per share, reflecting year-over-year growth of 42 percent. “For the full …

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ITT Schedules Fiscal Call

ITT Corporation (NYSE: ITT) released the following financial statement. The firm “will release its fourth- quarter and full-year 2010 financial results at 7 a.m. EST, Thursday, Feb. 3, 2011. At 9 a.m. EST, senior management will review financial and operating results, comment on current conditions and answer questions during an …

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Transition Planning Underway for ITT Spinoffs

ITT’s (NYSE: ITT) communications team has entered the planning phase for the corporation’s planned spinoff of its defense and water technology businesses, according to a report in PRWeek. The defense firm, which has yet to be named, will be led by Dave Melcher. Angela Buonocore, ITT’s communications lead, told PRWeek …

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Loud & Clear: Navy Radio Deal for ITT

ITT Corporation (NYSE: ITT) won a contract from the U.S. Naval Sea Systems Command to produce 425 Band C systems and their related spares and equipment for $16.7 million. According to the firm, “Band C is an upgrade for the U.S. military’s installed base of vehicle-mounted systems that prevent the …

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ITT Files Army Contract Victory

ITT (NYSE: ITT) won a deal from the Army Rock Island Contracting Center, Rock Island, Ill., to maintain Army pre-positioned stocks, and repair and return equipment in Doha, Qatar. The deal carries a value of $34.8 million, a one-year base term and and four one-year options. ITT will oversee equipment …

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ITT’s EchoStorm Acquisition a Done Deal

ITT (NYSE: ITT) has finalized its planned purchase of EchoStorm Worldwide’s business operations. Terms of the acquisition were not disclosed. According to ITT, “EchoStorm, founded in 2003, provides a suite of secure, net-centric commercial products that enables users to capture, manage, and disseminate full-motion video in near-real time as well …

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