If ITT wins, Corning will be faced with instant competition from a knowledgeable well-financed tough competitor.
Bechtel, the engineering company, has subcontracted three wastewater jobs to ITT in Scotland in the past 18 months.
Below is a three month price history chart comparing the stock performance of ITT vs.
FORBES: ITT Corporation Larger Than S&P 500 Component First Horizon National
Selling near-complete systems may give ITT an advantage over individual equipment makers when bidding for jobs.
Since then the prices of ITT Corp. shares have declined by -50% from the estimated average.
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Formed venture with ITT Sheraton to manage and develop hotels in Germany, Switzerland and Spain.
Teams led by BAE Systems, ITT Defense, Northrop Grumman and Raytheon are all chasing the opportunity.
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Bechtel , the huge engineering company, subcontracted three wastewater jobs to ITT in Scotland in the last 18 months.
Giuliano, 55, joined ITT in 1988 as vice president of the defense unit before becoming ceo in February 2001.
Big ITT mixing fans keep the bacteria, waste and oxygen churned up to keep the soup from going septic.
ITT's electron side includes low-tech switches and high-tech radar-jamming systems and night vision gear for the military.
Corning would like to manufacture fiber to sell to ITT and has quoted ITT prices several times.
ITT's demise seems simply a matter of corporate evolution a casualty of the new age of core competencies.
At the closing bell, ITT is down about 1.9%, while APOL is trading flat on the day Thursday.
FORBES: ITT Corporation Larger Than S&P 500 Component Apollo Group
At the closing bell, ITT is down about 0.5%, while FHN is up about 0.3% on the day Friday.
FORBES: ITT Corporation Larger Than S&P 500 Component First Horizon National
Analysts are split on ITT, but three of eight analysts rate it hold.
Rand Araskog split the old ITT Corp. into four independent companies as he entered the twilight of his tenure.
Hero in this tale of environmental cleanup: ITT Industries , manufacturer of some oddball industrial products, including equipment to handle liquid waste.
Camera-shy and soft-spoken, Giuliano, 55, joined ITT in 1988 as vice president of the defense unit before becoming chief executive in February 2001.
And water handling is profitable: This side of ITT enjoys a pretax, preinterest profit margin of roughly 15%, versus auto's 5%.
The hero in this tale of environmental cleanup is ITT Industries, a manufacturer of some oddball industrial products, including equipment to handle liquid waste.
Last year ITT was broken up again into three publicly traded parts.
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Under Harold Geneen, an Englishman who headed the American company for many years, ITT simultaneously owned bakeries, telephone companies, hotels and a forest-products business.
It was the latter two concerns that led ITT to decide recently it should spin off its defense operations in response to investor pressure.
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GuruFocus rated ITT Corp. the business predictability rank of 4-star.
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Xylem, which was spun out of industrial conglomerate ITT Corp.
ITT, maker of the satellite's camera, has never suffered a failure.
In Duke's opinion ITT simply ignored Corning's patents, and Corning is suing ITT for patent infringement and the U.S. government for damages stemming from that infringement.
This has resulted in a four-way rivalry to develop the next-generation system between industry teams led by BAE Systems, Exelis (formerly ITT Defense), Northrop Grumman and Raytheon.
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These gigs are lucrative, but ITT takes on more risk--by not only selling the hardware, but sometimes installing it and guaranteeing the quality of the effluent and the power usage.
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