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Eaton (ETN)

Eaton Corp. reported a 39% drop in third-quarter profit, as cost cuts failed to offset the impact of the auto-industry slump.
But the maker of electrical systems and hydraulics boosted its full-year earnings view, as the results topped its target. The company had slashed its 2009 projection in July.

Oct 19 · 9:36:00 AM · Source: Wall Street Journal
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by Larry Etter

GE (GE)

GE Consumer & Industrial's electrical business recently signed a "strategic alliance agreement" with Validus DC Systems, LLC, a leading provider of fully integrated Direct Current (DC) power infrastructure for datacenters and telecommunications facilities, to promote the new Validus DC Data Center System using advanced GE electrical components.
In addition to providing improved end-to-end reliability, the new system can lower facility costs for equipment, real estate and energy, effectively reducing the total cost of ownership by 30 to 50 percent.

Oct 19 · 9:23:00 AM · Source: Business Wire
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by Larry Etter

ITT (ITT)

ITT Corporation (NYSE: ITT) has been awarded a $72 million Indefinite Delivery, Indefinite Quantity (IDIQ) contract for its Aviator’s Night Vision Imaging Systems, night vision tubes and spare parts.
With this most recent award, ITT remains the sole supplier of aviation goggles and tubes to the U.S. Army.

Oct 16 · 4:32:00 PM · Source: Business Wire
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by Larry Etter

ITT (ITT)

ITT Corporation (NYSE: ITT) has been awarded a $19.3 million delivery order from the U.S. Army’s Research Development & Engineering Command Acquisition Center under the OMNI VII contract for AN/PVS-14 night vision monocular devices – ITT’s most popular and utilized night vision goggle. Eighty percent of these goggles are destined for the U.S. Air Force with the remaining quantities for the U.S. Navy and U.S. Army.

Oct 16 · 4:30:00 PM · Source: Business Wire
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by Larry Etter

Boeing (BA)

Boeing President Walt Skowronski announced today that he will retire from the company at the end of the year. Boeing has named Mike Cave to Skowronski's leadership role, effective January 1, reporting to Corporate President and Chief Financial Officer James Bell.
Beginning today, Cave will assume the role of deputy to Skowronski to ensure a smooth transition of customer and investor relationships. Shep Hill will assume Cave's responsibilities as senior vice president of Business Development and Strategy, while retaining his role as President, Boeing International.

Oct 16 · 11:10:00 AM · Source: PR Newswire
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by Michael Oliveto

GE (GE)

GE announced today third-quarter 2009 earnings from continuing operations of $2.5 billion, or $0.22 per share, including the effect of $0.05 in restructuring and other charges, down 51% from the third quarter of 2008. Revenues fell 20% to $37.8 billion.

Oct 16 · 8:01:00 AM · Source: Business Wire
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by Rich Pike

Caterpillar (CAT)

Caterpillar declared a quarterly dividend of $0.42 per share.
"Team Caterpillar's remarkable performance and rapid response to the global economic downturn over the last year has been a fundamental factor in our ability to maintain an attractive dividend," said Caterpillar Chairman and Chief Executive Officer Jim Owens. "Our financial strength during this recession enables Caterpillar to continue a long tradition of rewarding stockholders. In fact, over the last 10 years, our total stockholder return (stock appreciation plus dividends) is more than 200 percent."

Oct 15 · 11:40:00 AM · Source: Reuters
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by Michael Oliveto

Boeing (BA)

Boeing on Thursday received a $21.8 million engineering project contract from the Air Force.
The Air Force contract is for engineering development models for a network system that will provide secure and universal information exchange.

Oct 15 · 11:24:00 AM · Source: Reuters
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by Michael Oliveto

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