ITT picks energetic name for defense spinoff

Separate company called ITT Exelis

Following completion of ITT’s three-way split, the new defense company will be named ITT Exelis, the parent company announced on July 14.

The government contractor announced earlier this week that it has filed Form 10 Registration Statements with the Securities and Exchange Commission to spin off its water-related businesses and ITT’s Defense & Information Solutions segment.

The new company, which will trade on the New York Stock Exchange, will continue to specializing in Command, Control, Communications, Computers, Intelligence, Surveillance and Reconnaissance (C4ISR) products and systems, as well as information and technical services.

According to the announcement, ITT Exelis was chosen because it is an energetic name derived from the word “excel,” which is rooted in “ex,” meaning “out in front” or “beyond.”

ITT Corp., of White Plains, N.Y., ranks No. 16 on Washington Technology’s 2011 Top 100 list of the largest federal government contractors.

About the Author

David Hubler is the former print managing editor for GCN and senior editor for Washington Technology. He is freelance writer living in Annandale, Va.

Reader Comments

Please post your comments here. Comments are moderated, so they may not appear immediately after submitting. We will not post comments that we consider abusive or off-topic.

Please type the letters/numbers you see above

What is your e-mail address?

My e-mail address is:

Do you have a password?

Forgot your password? Click here
close
 Top 100 Promo 2016
contracts DB
SEARCH

Trending

  • Dive into our Contract Award database

    In an exclusive for WT Insider members, we are collecting all of the contract awards we cover into a database that you can sort by contractor, agency, value and other parameters. You can also download it into a spreadsheet. Our databases track awards back to 2013. Read More

  • Navigating the trends and issues of 2016 Nick Wakeman

    In our latest WT Insider Report, we pull together our best advice, insights and reporting on the trends and issues that will shape the market in 2016 and beyond. Read More