Itt to Buy Kodak's Remote-Sensing Unit

Summary


ROCHESTER, N.Y. -- Photography icon Eastman Kodak Co., realigning its holdings as it launches full-steam into digital imaging, is selling its historic remote-sensing-systems unit to ITT Industries Inc. for $725 million.

ITT Industries, based in White Plains, N.Y., is the leading developer of space-based sensors and image information processing services.

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Extract


Itt to Buy Kodak's Remote-Sensing Unit

The deal, announced Monday, is aimed at strengthening ITT Industries' presence in the $6 billion remote sensi...

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