Asian Surveying & Mapping
Breaking News
Government is working towards harnessing space technology for development – Bawumia
Government will soon pass the Ghana Space Policy to...
Chinese satellite propulsion startup secures funding as country’s constellation projects grow
HELSINKI — A Chinese satellite electric propulsion company has...
Hancom to launch S. Korea’s first private satellite for integrated image analysis service
SEOUL -- South Korea's first private satellite for earth...
Israel to invest NIS 600 million in spacetech R&D
The Israel Space Agency and Innovation Authority want to...
China’s iSpace Suffers Third Consecutive Failure of Hyperbola-1 Rocket
Friday the 13th was an unlucky day for Chinese...
ISRO is planning a mission to capture the effects of space weather events on Earth’s atmosphere.
The Indian Space Research Organization (ISRO) has proposed a...
Virgin Orbit to launch Japanese satellite
Virgin Orbit will launch a satellite into space for Japanese...
Plans Unveiled To Better Connect Space Industries In Scotland And The UAE
Edinburgh, Dubai - Globally focused strategic space marketing firm...
UAE, Rwanda sign economic and technical cooperation agreement
Sheikh Shakhboot Bin Nahyan Bin Mubarak Al Nahyan, Minister...
XAG promotes drones in Vietnam to boost rice farming while cutting fertilizer use
CAO LANH, Vietnam - As the monsoon season starts...

January 12th, 2011
ITT Corporation Announces Plans to Separate Into Three Independent Publicly Traded Companies

ITT Corporation (NYSE: ITT) today announced that its board of directors has unanimously approved a plan to separate the company’s businesses into three distinct, publicly traded companies. Under the plan, ITT would execute tax-free spinoffs to shareholders of its water-related businesses and its Defense & Information Solutions segment. Following completion of the transaction, ITT will continue to trade on the New York Stock Exchange as an industrial company that supplies highly engineered solutions in the aerospace, transportation, energy and industrial markets. Under the plan, ITT shareholders will own shares in all three corporations following the completion of the transaction. Read More