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

  • Defense
    Essye Miller, Director at Defense Information Management, speaks during the Breaking the Gender Barrier panel at the Air Space, Cyber Conference in National Harbor, Md., Sept. 19, 2017. (U.S. Air Force photo/Staff Sgt. Chad Trujillo)

    Essye Miller: The exit interview

    Essye Miller, DOD's outgoing principal deputy CIO, talks about COVID, the state of the tech workforce and the hard conversations DOD has to have to prepare personnel for the future.

  • innovation (Sergey Nivens/Shutterstock.com)

    VA embraces procurement challenges at scale

    Steve Kelman applauds the Department of Veterans Affairs' ambitious attempt to move beyond one-off prize-based contests to combat veteran suicides more effectively.

Stay Connected

FCW INSIDER

Sign up for our newsletter.

I agree to this site's Privacy Policy.