ITT Corp.'s Defense & Information Solutions business segment, which is being spun off as a separate entity renamed ITT Exelis, will establish its headquarters in the Tysons Corner area of Fairfax County.
ITT Corp. has taken the next required step in its plan to separate into three distinct, publicly traded companies by filing Form 10 Registration Statements with the Securities and Exchange Commission.
ITT Corporation will separate the company’s businesses into three distinct, publicly traded companies following unanimous approval of the plan by the board of directors. Under the plan, the company would execute tax-free spinoffs to shareholders of its water-related businesses and its Defense & Information Solutions segment.
NCI Information Systems Inc. has gotten two task orders from the Defense Department’s Network Centric Solutions contract that have a cumulative value of about $18.5 million.
ITT Corp. has named Kenneth Hunzeker vice president of government relations for the company’s Defense and Information Solutions segment in McLean, Va. He will report to David Melcher, president of ITT Defense and Information Solutions.
SRA International Inc. is selling its Airport Operations Solutions group to ITT Corp., a high-tech engineering and manufacturing company. Financial terms of the deal were not disclosed.
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