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Tag Archives: Dave Melcher

David Melcher Comments on Completed ITT Spinoffs

  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. …

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Transition Planning Underway for ITT Spinoffs

ITT’s (NYSE: ITT) communications team has entered the planning phase for the corporation’s planned spinoff of its defense and water technology businesses, according to a report in PRWeek. The defense firm, which has yet to be named, will be led by Dave Melcher. Angela Buonocore, ITT’s communications lead, told PRWeek …

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ITT to Split into Three Separate Public Firms; David Melcher to Lead Defense Firm

ITT Corporation (NYSE: ITT) is moving forward with a plan to split the firm into a trio of “distinct, publicly traded” companies. Following the shift, the “ITT Corporation” brand will live on as a diversified global manufacturer of highly engineered industrial products and high-tech solutions. The firm’s water technology business …

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ITT Moves to Purchase SRA’s Airport Ops Solutions Group; Dave Melcher Comments

ITT Corporation (NYSE:ITT) has an agreement in place with SRA International, Inc. (NYSE:SRX) to acquire SRA’s Airport Operations Solutions (AOS) group. According to ITT, “the AOS group reported revenue of approximately $3.5 million in the 12 months ended June 30, 2010 and employs 17 full-time people located in Herndon, Va.; …

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ITT Finalizes Sale of CAS to Wyle; Dave Melcher Speaks

ITT Corporation (NYSE: ITT) wrapped up the sale of CAS, Inc., the firm’s systems engineering and technical assistance (SETA) services business, to Wyle for $235 million. “We are pleased to have completed the sale of this business to a company that can position it for future growth, ” Dave Melcher, …

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ITT’s Dave Melcher Named Senior VP

ITT Corporation (NYSE: ITT) has named Dave Melcher, president of Defense & Information Solutions, as senior vice president for the company. Melcher, came on board at ITT in 2008 as vice president of strategy and business development for Defense. Soon after, he was named president of ITT’s Defense business and …

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