Several major U.S. technology giants are looking at Egypt as an IT outsourcing destination, pledging training and other support, including a $10 million investment.
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.
The company best known for its radio communications products will become two separate entities, Motorola Mobility and Motorola Solutions, within the first few weeks of January.
Motorola Inc. will provide communications equipment and technology for the Homeland Security Department’s Customs and Border Protection agency efforts under a $30 million contract.
Dynamics Research Corp. will provide Lean Six Sigma management assistance to the Defense Logistics Agency under a five-year contract with an estimated value of $4.2 million.