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ITT Exelis Will Be Name For New Defense Company

Defense Daily Staff Defense Daily Staff
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ITT Corp. [ITT] yesterday said it the name for the future defense company that will result from the spin-off this year of its defense operations will be ITT Exelis and will have the stock ticker symbol “XLS” when it lists on the New York Stock Exchange (NYSE). “ITT Exelis is an energetic name that is derived from the word ‘excel,’ which is rooted in ‘ex,’ meaning ‘out in front’ or ‘beyond,’ ITT said. “The name ITT Exelis signifies the expeditionary…

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