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Tag Archives: NYSE: ITT

‘Tremendous Progress’ Drives ITT Fiscal Announcement

ITT Corporation (NYSE: ITT) released the following financial announcement: “[The firm] announced its full-year 2011 earnings forecast in the range of $4.62 to $4.82 per share, representing approximately 7 to 12 percent growth compared with its 2010 adjusted earnings per share guidance midpoint of $4.30. The company expects 2011 total …

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ITT Wins Deal to Support Norway Sub Fleet

ITT (NYSE: ITT) picked up a deal from the Norwegian Defense Logistics Organization to provide six tactical radar Electronic Support Measures (ESM) and surveillance systems for its Ula Class submarines. According to the firm, “ESM systems play an important role in a submarine’s defenses. By monitoring electromagnetic energy, the crew …

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Wyle Grabs $318 Million JSF Engineering, Integration Deal; Subcontractors Include GD, SAIC, ITT

Wyle claimed a five-year, $318 million contract to support engineering and integration services to the Joint Strike Fighter Program Office. The firm will oversee a broad range of tasks, including strategic planning for technology programs and activities, concept development and requirements analysis. “There is nothing more rewarding than being competitively …

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Wyle Snags $318 Million JSF Deal; SAIC, GD, ITT Join as Subcontractors

Wyle claimed a five-year, $318 million contract to support engineering and integration services to the Joint Strike Fighter Program Office. The firm will oversee a broad range of tasks, including strategic planning for technology programs and activities, concept development and requirements analysis. “There is nothing more rewarding than being competitively …

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SAIC Reports Army Contract; ITT Scoops Up Pair

According to the Department of Defense, “SAIC (NYSE: SAI) was awarded on Dec. 6, 2010, a $9, 879, 138 cost-plus-fixed-fee contract.  The overall objective of this task are to provide; environmental support; project schedule and cost controls support; action tracking support; quality assurance support; chemical laboratory and environmental monitoring support; …

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ITT Buys EchoStorm, Furthers Geospatial Portfolio

ITT (NYSE: ITT) has a deal in place to purchase the business operations of EchoStorm Worldwide, a firm specializing in video and data management technology. According to the firm, EchoStorm offers “a suite of secure, net-centric commercial products that enables users to capture, manage, and disseminate full-motion video in near …

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SRA Finalizes Airport Solutions Group Sale to ITT

SRA International (NYSE: SRX) has completed the sale of its Airport Operations Solutions (AOS) group to ITT (NYSE: ITT). Aviation Systems Vice President Bill Colligan will move with the group to ITT. Financial terms of the deal were not disclosed.

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ITT to Help F-16s Battle the Elements with New Deal

ITT (NYSE: ITT) picked up a deal from the U.S. Air National Guard to integrate an all-weather targeting pod in its F-16 fighter aircraft. The new Thunder Radar Targeting Pod will help pilots in tough weather conditions. According to the firm, “the system provides advanced Synthetic Aperture Radar capability to …

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ITT Soars with Air Force Deal; Raytheon Snaps Up Dual Navy Contracts

According to the Department of Defense, “ITT (NYSE: ITT) was awarded a maximum $74, 628, 309 contract modification, which will provide a space life range systems contract extension for one base year, which is Nov. 1, 2010 through Oct. 31, 2011; two six-month options (Nov. 1. 2011 through April 30, …

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ITT Raises Financial Guidance

ITT Corporation (NYSE: ITT) released the following financial statement: “[The firm] reported 2010 third-quarter revenue of $2.6 billion and net income of $145 million, or $0.78 per share. Income from continuing operations was $12 million, or $0.07 per share. Excluding the impact of special items, income from continuing operations for …

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