ITT\'s defense and information division will be one of the independent companies.
Defense Contractor ITT is splitting into three separate companies.
The Washington Business Journal reports ITT’s defense and information division, which is based in McLean, Virginia, will be one of the independent companies. ITT says the defense and IT operations will stay in McLean. It will be renamed and rebranded after the spinoff is complete.
The defense and IT division provides the military with everything from night vision goggles to surveillance and reconnaissance systems.
This story is part of Federal News Radio’s daily DoD Report. For more defense news, click here.
Copyright © 2024 Federal News Network. All rights reserved. This website is not intended for users located within the European Economic Area.