ITT Exelis plans to invest up to $5 million to expand existing space into a corporate headquarters
- July 18, 2011
Fairfax County is getting another corporate headquarters. ITT Defense and Information Solutions, an operating segment of ITT Corp. that will be spin off from the company later this year, said it will rebrand the company as ITT Exelis and expand its space at Tysons Corner into a corporate headquarters.
David Albritton, a spokesman for the company, said in an interview Monday that it will invest up to $5 million to establish the new headquarters. ITT Defense and Information Solutions currently occupies the 17th floor at 1650 Tysons Blvd., and it plans to lease the 16th floor as well. In addition, there could be other tweaks in the future to the company’s other locations in Virginia, with its Information Systems Division based in Herndon and its Geospatial Systems division leasing space in both Herndon and Roanoke. “As we grow this company, what we expect to do is significant, so we want to be ready,” Albritton said.
While the company also considered sites in Maryland, Albritton said Tysons Corner is close to federal government agencies, the company’s key customer . “Plus, Virginia was aggressive in keeping us here,” he added. ITT Exelis, which will operate as a new publicly traded company, received a $100,000 grant from the Governor’s Opportunity Fund. Virginia also agreed to offer funding and services to support the company’s recruitment and training activities.
The project is expected to create 100 new jobs over the next three to five years across all of its business operations. ITT’s products and services include technologies such as next-generation night vision, integrated electronic warfare, networked communications, radar and surveillance and reconnaissance systems. David F. Melcher, the company’s current president, and the person who will serve as CEO of ITT Exelis, shed more light on the company’s decision to stay in Fairfax County. “The county’s proximity to our customers, its highly skilled work force and business-friendly climate will allow us to continue to deliver essential projects and services to our customers,” he said in a statement.