ITT sells engineering and technical assistance services business CAS for $235 millionBy AP
Monday, August 9, 2010
ITT sells systems engineering for $235 million
MCLEAN, Va. — ITT Corp. will sell its systems engineering and technical assistance services business to Wyle for $235 million, the defense contractor said Monday.
The sale of CAS Inc. is expected to close by the end of this year.
CAS, based in Huntsville, Ala., employs about 1,100 people.