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ITT Announces Names of Companies That Will Result from Spinoffs of Water and Defense Businesses

Monday, July 18, 2011  
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ITT Corporation announced the future names for its water technology and services business and its Defense & Information Solutions segment, which will become standalone companies following the completion of a previously announced separation plan. Upon completion of the spinoffs, the future water company will be named Xylem and the future defense company will be named ITT Exelis. ITT's core industrial business will continue under the ITT Corporation name. More…

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