:

Business/Financial

ITT Separates Into Three Publicly Traded Companies

DDN

Thursday, January 13th, 2011

SHARE:

ITT Corp. [ITT] yesterday said its board of directors has unanimously approved a plan to separate the company's businesses into three distinct, publicly traded companies. Under the plan, ITT would execute tax-free spinoffs to shareholders of its water-related businesses and its Defense & information Solutions segment. Following completion of the transaction, ITT will continue to trade on the New York Stock Exchange as an industrial company that supplies highly engineered solutions in the aerospace, transportation, energy and industrial markets, the…

Space

Space Force PAE For Infrastructure Completing Move To Colorado Springs

U.S. Space Force Space Systems Command’s (SSC) Portfolio Acquisition Executive (PAE) for infrastructure–a $4 billion contracting hub for SSC–is completing a move from Los Angeles Air Force Base, Calif. to […]

Congress

Wisconsin GOP Lawmakers Urge Trump Admin Support For Marines’ JLTV Second Supplier Effort

Wisconsin’s GOP congressional delegation is urging the Trump administration to support legislative language enabling the Marine Corps to potentially bring in a second Joint Light Tactical Vehicle (JLTV) supplier. The […]

Congress

Senate’s CR Has Ship Construction Exemption, Forgoes White House’s Battleship, Munitions Requests

The Senate on Sunday released a bipartisan stopgap funding proposal to keep the government open through December 11, which would also secure additional funds to support ongoing shipbuilding efforts and […]

Congress

U.S. Fighter Fleet Will Expand By 2040 But More Stealth Aircraft Will Mean Less Availability, CBO Says

The number of fighter aircraft in the U.S. military inventory will decline over the next few years before expanding to a greater number than currently, but their availability for operational […]