Home / Tag Archives: NYSE: ITT (page 6)

Tag Archives: NYSE: ITT

ITT’s David Melcher Talks ‘Spiral Developments, ‘ Innovation and the Future

ITT (NYSE: ITT) Defense and Information Solutions President David Melcher penned a column for The Huffington Post to discuss the leaner nature of the defense contracting business. Melcher pointed out that success in the future will depend on a firm’s ability to not only present needed innovation, but also to …

Read More »

CSC, IBM, General Dynamics, ITT Celebrate Contract Wins; Boeing Nabs Pair

According to the Department of Defense, “Boeing (NYSE: BA) was awarded a $43, 526, 000 firm-fixed-price contract.  The purpose of this contract modification is to exercise the option for two CH-47F new Chinook cargo helicopters, .  Work is to be performed in Ridley Park, Pa., with an estimated completion date …

Read More »

ITT Makes Strides as a ‘Global Citizen’

ITT Corporation (NYSE:ITT) released its 2009-2010 Global Citizenship Report, which sees the firm making progress in the realms of environmental, social and governance areas. “Our strong focus on global citizenship is vital to both our stakeholders and our long-term business strategy, ” said Steve Loranger, ITT’s chairman, president and chief …

Read More »

Swedish Military Accepts ITT’s Coastal Surveillance Radar

ITT Corporation (NYSE:ITT) successfully finalized preliminary testing on its new coastal surveillance radar system developed for the Swedish Defence Material Administration (FMV). Bill Devlin, vice president of ITT’s radar, reconnaissance and acoustic sensors business unit said “This successful milestone culminates more than three years of development work to upgrade Sweden’s …

Read More »

You Heard it Here First: L-3, Honeywell, Boeing, ITT Win DoD Contracts

According to the Department of Defense, “L-3 Communications (NYSE: LLL) was awarded a $90, 996, 144 contract which will exercise fiscal 2010 options for logistics support of the T-1A aircraft at Vance, Columbus Randolph, and Laughlin Air Force Bases and Pensacola Naval Air Station.  At this time, no money has …

Read More »

Boeing, ITT, Raytheon Snag Defense Work

According to the Department of Defense, “Boeing (NYSE: BA) is being awarded a maximum $48, 573, 000 firm-fixed-price contract to rotary wing head.  There are no other locations of performance.  Using service is Army.  There were originally two proposals solicited with two responses.  The date of performance completion is March …

Read More »

Harris, ITT, Booz Allen Hamilton Collect Valuable Contracts

According to the Department of Defense, “Harris (NYSE: HRS) is being awarded a $70, 000, 000 ceiling increase modification to a previously awarded indefinite-delivery/indefinite-quantity, firm-fixed-price contract (N00039-07-D-0001) for the procurement of the following Harris handheld, manpack, fixed mount, vehicular, and/or base station configuration of radio families:  AN/PRC-117, AN/PRC-150, AN/PRC-152, as …

Read More »

ITT Acquires O.I. Corporation; Boosts Analytics Offerings

ITT Corporation (NYSE:ITT) has reached an agreement with O.I. Corporation (OI) (NASDAQ:OICO) to purchase outstanding OI shares for approximately $29 million. The deal is projected to close late this year. OI focuses on providing “instrumentation for laboratory and environmental testing in the pharmaceutical, petrochemical, power and industrial markets.” ITT’s Analytics …

Read More »

ITT Finalizes Sale of CAS to Wyle; Dave Melcher Speaks

ITT Corporation (NYSE: ITT) wrapped up the sale of CAS, Inc., the firm’s systems engineering and technical assistance (SETA) services business, to Wyle for $235 million. “We are pleased to have completed the sale of this business to a company that can position it for future growth, ” Dave Melcher, …

Read More »