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ITT board of directors approves spinoffs of Xylem and ITT Exelis

Separation to be completed October 31, 2011 ITT Exelis and Xylem to begin “regular way” trading on the New York Stock Exchange on November 1, 2011 Company receives IRS ruling that transaction qualifies as tax-free Collective ITT, Xylem and ITT Exelis post-spin fourth-quarter dividends to equal current ITT quarterly dividend ITT to effectuate 1:2 reverse stock split following distribution Read More

ITT RCW wins three Product of the Year awards

ITT Residential & Commercial Water’s Bell & Gossett and McDonnell & Miller brand products won three awards in the prestigious 2010 Product of the Year Award competition sponsored by Consulting-Specifying Engineer (CSE) magazine. None of the other companies recognized in the competition won more awards. Read more below. Read More