ITT Exelis To Layoff 200 Fort Wayne Employees

Some bad news for 200 employees of ITT Exelis in Fort Wayne:

ITT Exelis , one of three recently formed companies of what was once ITT, has given layoff notices to more than 200 employees at its facility on West Cook Road in Fort Wayne. The layoffs will take effect at the end of November according to company spokesperson Tim White. Ninety of the people being let go were recently called back to help fill a surge in production that has since ended.

The layoffs were necessary due to a drop in production of the company’s Sincgar radios and cuts in defense spending. According to White, company leaders are aggressively working to transition to different products to produce.

In a news release dated November 15, 2011 on the ITT Exelis web site, the company is currently demonstrating several of its communications solutions in the U.S. Army’s Network Integration Exercise (NIE) 12.1 at White Sands Missile Range, N.M.

Source: http://www.wane.com/dpp/news/business/itt-exelis-gives-layoff-notices-to-more-than-200

4 November 2011 ITT Exelis rings the NYSE Opening Bell

ITT Exelis (NYSE-Listed XLS) visited the NYSE to celebrate the spin-off from parent company ITT Corporation (NYSE: ITT) and emergence as a standalone, global aerospace, defense and information solutions leader with revenues of about $6 billion and 20…

ITT Exelis Breaks Ground on Florida Mine Defense …

http://blog.executivebiz.com/Nov 10

Search in site. Thursday, November 10th, 2011 Filed under News Posted by Ross Wilkers. ITT Exelis broke ground Tuesday on a new 105,000-square-foot facility in Panama City, Fla.

ITT Exelis declares quarterly dividend of $0.1033 per share …

http://www.virtual-strategy.com/Nov 2