Tuesday, February 1, 2011
ITT Splits 3 Ways
ITT Corp. has unveiled plans to separate its business sectors into three distinct companies—ITT Corp., ITT Water Technology and ITT Defense and Information Solutions. Following the spinoff, ITT Corp. will include the company’s current Industrial Process, Motion Technologies, Interconnect Solutions and Control Technologies divisions. ITT will rename the new Defense & Information Solutions segment, with products and services to include night vision for helicopters, electronic warfare, radar, surveillance/reconnaissance systems, weather monitoring and navigation, as well as maintenance and engineering. (From February 2011 Rotorcraft Report)
For the full story, visit Rotor & Wing sister publication Avionics.