ITT to buy Kodak's sensor business

ITT Industries Inc. will buy Eastman Kodak Co.'s Remote Sensing Systems business for $725 million. The move expands ITT's space business for the military and civilian government agencies, according to ITT officials.

The RSS division is a major supplier of high-resolution satellite imaging systems and related image information processing services. According to ITT officials, the combination of RSS and ITT will create a full-spectrum satellite payload provider with the latest visible and infrared satellite imaging technology.

"RSS has strong customer relationships, a reputation for quality and many innovative technologies," said Henry Driesse, president of ITT Industries Defense Electronics and Services, in a statement.

ITT plans to create a new Space Systems Division based on the combination of RSS technology with ITT's existing meteorological and navigational systems, he said.

Featured

  • Workforce
    White House rainbow light shutterstock ID : 1130423963 By zhephotography

    White House rolls out DEIA strategy

    On Tuesday, the Biden administration issued agencies a roadmap to guide their efforts to develop strategic plans for diversity, equity, inclusion and accessibility (DEIA), as required under a as required under a June executive order.

  • Defense
    software (whiteMocca/Shutterstock.com)

    Why DOD is so bad at buying software

    The Defense Department wants to acquire emerging technology faster and more efficiently. But will its latest attempts to streamline its processes be enough?

Stay Connected