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Business/Financial

ITT Spinoff To Establish Headquarters In Fairfax County, Va.

By Cal Biesecker

Tuesday, July 19th, 2011

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Virginia Gov. Robert McDonnell (R) yesterday said ITT Corp.'s [ITT] Defense & Information Solution business segment will invest as much as $5 million to create a new corporate headquarters in the Tyson’s Corner area of Fairfax County once it completes its spinoff from the parent organization later this year. Earlier this month, ITT Corp. said the Defense & Information Solution segment would be renamed and rebranded as ITT Exelis--a new, stand-alone company that will be publically traded as “ XLS,” an…

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