ITT Corp. reported record net of $1.02...
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ITT Corp. reported record net of $1.02 billion for 1987, up 106% from the previous year. Revenue for the New York firm totaled $19.5 billion, up 12% from 1986. The company said the results were aided by tax benefits and the strength of all core businesses except the defense technology segment, where remedial actions are under way.
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