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In Transition Year, ITT Defense Chief Says Business Segments Won’t Lose Focus

By Calvin Biesecker As ITT Corp. [ITT] prepares to break-up the multi-national conglomerate into three separate publicly traded companies, the head of the new defense company that will emerge from the split says that his business won't be losing sight of its customers' needs or the need to drive value creation. The operating groups within ITT's defense business, which will eventually be renamed and rebranded once it goes public later this year, will be focused on managing their businesses, David…

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