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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…

Congress

With $1.5 Trillion Request, Army, Air Force, Navy’s Unfunded Lists Focus Solely On MILCON Projects

With the Trump administration’s push to massively increase defense spending to $1.5 trillion in fiscal year 2027, the Army, Air Force and Navy have eschewed submitting large unfunded priorities lists […]

Unmanned Systems

Bipartisan House Bill Would Give National Guard To Counter-Drone Authorities

Seeking to close gaps that may arise between state and local law enforcers in different jurisdictions, a bipartisan contingent of House members this week introduced a bill that would allow […]

Congress

Munitions Fired Represent Most of $25 Billion Spent By Pentagon on Iran War So Far

Munitions fired in the two-month old “Operation Epic Fury” against Iran represent most of the $25 billion cost the Pentagon has incurred thus far in the conflict, the acting Defense […]

Congress

Slotkin: Pentagon Should Use Anthropic’s Mythos To Spot Cyber Security Gaps

The Pentagon should be using Anthropic‘s recently announced Mythos artificial intelligence model to spot gaps in cyber security, Sen. Elissa Slotkin (D-Mich.) said on Tuesda. “I think the thing that […]