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Forbes Raves About ‘Virginia Mecca’ of Defense Contractors

Forbes.com recently sought out to answer why northern Virginia has become the mecca for military contractors. The publication identifies the 1991 migration of General Dynamics from St. Louis to Falls Church, Va., as the start of a domino effect that has seen the majority of the 20 largest U.S. military contractors …

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Markos Tambakeras to be Chairman of ITT Water Business Spin-Off Xylem

ITT Corp. (NYSE: ITT) has announced Markos Tambakeras will serve as non-executive chairman of the board of Xylem, the company which ITT’s water technology businesses will spin off into. Tambakeras is the former chairman, president and CEO of Kennametal, Inc. and has been a member of ITT’s board of directors …

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ITT Announces Names, Provides Details of Spinoff Water and Defense Companies

ITT Corporation (NYSE: ITT) has announced the future names of the standalone water and defense companies that are expected to separate from ITT’s current corporate structure later this year. ITT shareholders will own shares in all three corporations following the completion of the tax-free spinoffs. ITT’s current water and wastewater, residential and commercial water and flow control …

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