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ITT Industries


Self Description

November 2008: "The story of ITT...Following the conglomerate years, Rand Araskog, who served as CEO from 1979 to 1995, embarked on a continuous course of restructuring through strategic divestitures and acquisitions to organize the company into more manageable segments. It culminated in 1995 when ITT split into three separate, independent companies: ITT Corporation, which was focused on the hotel and gaming businesses, ITT Hartford which became a stand-alone insurance operation, and ITT Industries, which started as a collection of manufacturing companies.

One decade later, ITT Corporation had been acquired; ITT Hartford had changed its name; and ITT Industries continued its transformation. Since 1995, under the leadership of Travis Engen, Lou Giuliano and now Steve Loranger, ITT Industries — which changed its name back to ITT Corporation in 2006 — has dedicated itself to creating more livable environments, enabling communications and providing protection and safety."

http://www.itt.com/about/history/

March 2004: "ITT Industries, Inc. is a global engineering and manufacturing company with leading positions in the markets it serves, generating 2003 sales of $5.63 billion. ITT Industries is the world's premier supplier of pumps, systems and services to move and control water and other fluids. The company is a major supplier of sophisticated military defense systems, and provides advanced technical and operational services to a broad range of government agencies. ITT Industries also produces connectors, switches, keypads and cabling used in telecommunications, computing, aerospace and industrial applications, as well as network services. Further, ITT Industries makes industrial components for a number of other markets, including transportation, construction and aerospace. Based in White Plains, New York, ITT Industries employs approximately 39,000 people around the world."

http://www.itt.com/profile/fact.asp

Third-Party Descriptions

March 2007: This is the largest conviction of a big military contractor for violations of arms export controls, and ends a five-year federal investigation in which the government found ITT to have enlisted a front company to “set up an end run” around laws limiting the transfer of military technologies to other countries.

http://www.nytimes.com/2007/03/28/business/28vision.html

Relationships

RoleNameTypeLast Updated
Status/Name Change from ITT Corporation Organization Nov 21, 2008
Organization Head/Leader (past or present) Rand Araskog Person May 12, 2004
Organization Head/Leader (past or present) Travis Engen Person Nov 21, 2008
Organization Head/Leader (past or present) Lou Giuliano Person Nov 21, 2008
Organization Head/Leader (past or present) Steve R. Loranger Person Nov 21, 2008

Articles and Resources

Date Fairness.com Resource Read it at:
Mar 28, 2007 ITT Guilty of Revealing Classified Military Data

QUOTE: This is the largest conviction of a big military contractor for violations of arms export controls, and ends a five-year federal investigation in which the government found ITT to have enlisted a front company to “set up an end run” around laws limiting the transfer of military technologies to other countries.

New York Times
Aug 06, 2005 Threat to Divest Is Church Tool in Israeli Fight

New York Times
Feb 19, 2004 Recruiting Uncle Sam

QUOTE: Before government officials can begin negotiating jobs in the private sector, they must recuse themselves from making decisions that could have a financial impact on their potential employers....But the defense companies are so huge and the rules so elastic that loopholes exist.

Washington Post