ITT Completes Separation Plan

ITT Corp. completed the previously announced spin-offs of its Defense and Information Solutions business and its Water Technology and Services business. With the spin-offs complete, ITT is now a $2 B company with four businesses that deliver highly engineered and customized products and services to the industrial, aerospace, transportation,...
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ITT Plans to Separate into Three Independent Companies

ITT Corp. announced that its board of directors has unanimously approved a plan to separate the company's businesses into three distinct, publicly traded companies. Under the plan, ITT would execute tax-free spinoffs to shareholders of its water-related businesses and its Defense & Information Solutions segment. Following completion of the...
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ITT Awarded Contract

The US Naval Sea Systems Command has awarded ITT Corp. a contract to produce 425 Band C systems and their related spares and equipment for $16.7 M. Band C is an upgrade for the US military’s installed base of vehicle-mounted systems that prevent the detonation of radio-controlled improvised explosive...
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ITT Announces Strategic Realignment of Defense Segment

ITT Corp. announced a strategic realignment of its defense segment, a move designed to better align the company with the emerging needs of its expanding global customer base, which is increasingly integrated and network-centric. The realignment will enable better integration of its product portfolio, encouraging a more coordinated market...
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