ITT Corp. (NYSE: ITT) has completed its previously announced separation plan, retaining its core industrial offerings and spinning off its defense and information solution business into ITT Exelis and its water technology and services business into Xylem. Open trading of Exelis (NYSE: XLS) and Xylem (NYSE: XYL) shares will begin Tuesday. ITT Corp. will now consist of businesses

ITT Corp. (NYSE: ITT) released its third quarter financial results on Oct. 28, 2011. After subtracting $93 million in after-tax spinoff expenses and other adjustments, the company reported it realized $218 million in income from continuing operations, or $1.17 per share. That’s compared with $200 million or $1.08 per share in the prior-year period. The company

The U.S. Air Force has awarded ITT Systems Corp. (NYSE: ITT) an $80, 707, 449 contract modification to exercise an option for Space Lift Range System efforts from Nov. 1, 2011 to Oct. 31, 2012. ITT will provide: program and interface management systems engineering and integration depot maintenance transition product acquisitions and modifications instrument modernization