ITT Corporation (ITT)

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ITT moves jobs to Seneca Falls ITT announced it will move a Pennsylvania pump assembly, testing, and order entry processing operation to Seneca Falls, NY, by the end of March. Three men indicted in scheme to illegally export night vision goggles to Vietnam Three men faced federal charges for a scheme to illegally export 55 ITT-manufactured night vision goggles to Vietnam in violation of the Arms Export Control Act. ITT Recommends Dividend Increase for 2009 ITT announced that it would recommend a dividend of $0.85 per share for 2009, an increase of 22% over the 2008 dividend. ITT also announced the extension of the company's $1 billion share repurchase program for an indefinite time period. ITT Completes First Rural Drinking Water Safety Project in China ITT announced the completion of two water treatment plants in China. Both plants were donated by ITT in an agreement with the Center for Rural Drinking Water Safety of China's Ministry of Water Resources. Lockheed Martin and ITT Team for U.S. Navy Electronic Warfare Competition Lockheed Martin announced that it teamed with ITT to compete for the U.S. Navy Surface Electronic Warfare Improvement Program Block 2 Upgrade. ITT wins $4.7 million contract ITT announced that it won a $4.7 million contract to install ultraviolet technology for treating nuclear plant wastewater in France. ITT awarded $206 million contract ITT announced that it was awarded a $206 million contract from the U.S. Naval Sea Systems Command to design a system to prevent the detonation of improvised explosive devices. ITT lowers 2008 outlook ITT announced that it has lowered its earnings outlook from continuing operations to be in the range of $3.97 to $4.03 per share, reducing expected earnings by $0.17 per share. ITT lowered revenue outlook to a range of $11.5 billion to $11.6 billion from a range of $11.6 billion to $11.7 billion. The company cited its restructuring activities during the fourth quarter as the main reason for lowering its outlook. ITT awarded NASA Space Communications Network Services Contract ITT announced that it has been selected by the NASA Goddard Space Flight Center to perform telemetry, tracking, and command services for near-Earth missions under the Space Communications Network Services contract. Falout of credit crisis ITT stock drops with rest of the market in wake of the lehman bankruptcy ITT wins $33.7M contract ITT was awarded a contract with the US Air Force to provide radar systems to detect drug trafficking across the US-Mexican border. ITT wins $111M contract with US Navy ITT was given a contract to provide US Navy's Super Hornets with countermeasure systems.

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