ITT to buy EDO for $1.7B for role in new technology
ITT BUYING EDO: ITT Corp. said Sept. 17 it will buy EDO Corp., another aerospace and defense company, in a deal valued by ITT at $1.7 billion in stock purchases and debt. ITT said the deal positions it to play an important role on some of the U.S. military's "vital transformational" initiatives...
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