ITT Corp. splits into three

Friday - 1/14/2011, 8:40am EST

Defense Contractor ITT is splitting into three separate companies.

The Washington Business Journal reports ITT's defense and information division, which is based in McLean, Virginia, will be one of the independent companies. ITT says the defense and IT operations will stay in McLean. It will be renamed and rebranded after the spinoff is complete.

The defense and IT division provides the military with everything from night vision goggles to surveillance and reconnaissance systems.

This story is part of Federal News Radio's daily DoD Report. For more defense news, click here.