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Tag Archives: Exelis

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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ITT Selects Board Members for Exelis, Xylem Spinoffs

ITT Corporation (NYSE: ITT) has announced the members of the board of directors for ITT Exelis (NYSE: XLS) and Xylem Inc. (NYSE: XYL), which are planned to spin off from ITT on Oct. 31. Ralph Hake, former chairman and CEO of Maytag, will become chairman of the Exelis board. Hake has …

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ITT Exelis CEO Dave Melcher to Host Investor Days Regarding Upcoming Spinoff

ITT Corp. (NYSE: ITT) will webcast a series of investor relations events on Oct. 13 and Oct. 14 to discuss its previously announced plan to separate into three independent publicly traded companies. The seperation is planned for October 31, 2011. On Oct. 13, senior management including future ITT Corp. President and CEO Denise Ramos and …

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