ITT Corp. to invest another $20M in China auto facilities, China Daily says ITT Corp, announced that it would invest an additional $20M in its braking-technology production base and a research & development center, both of which are.in China, according to China Daily. Reference Link ITT
ITT Corp. receives civil subpoena from the Department of Defense The Company has received a civil subpoena from the Department of Defense, Office of the Inspector General requesting documents pertaining to certain products manufactured by the Company’s Interconnect Solutions segment that are purchased or used by the U.S. government. The Company is cooperating with the request. The inquiry is in the early stages and the Company is unable to estimate the timing or outcome of the matter.