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ITT
When legendary conglomerate ITT split into three enterprises last year, Exhibit A in the case activist investors made for the break-up was the way they said defense operations were depressing the share price. I don't know whether becoming independent has "unlocked the value" of the commercial units,
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Date:
3/5/2012
In the years since the Cold War ended, the number of system integrators in many segments of the defense industry has declined significantly. A dozen missile producers became four, six naval shipbuilders became two, and the ranks of military aircraft manufacturers were reduced by half. However,
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Date:
4/12/2011
When New York-based ITT announced on January 12 that it would split into three publicly traded companies, reporters rushed to hail the trend toward "de-conglomeration." Despite the impressive success of multi-industry behemoths like General Electric and United Technologies, the prevailing view
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Date:
1/14/2011

