ITT Announces Names of Companies That Will Result from Spinoffs of Water and Defense Businesses
Monday, July 18, 2011
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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