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ITT Industries To Acquire Kodak RSS Business

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WHITE PLAINS, N.Y., Feb. 9 -- ITT Industries Inc., of White Plains, N.Y., announced it has signed a definitive agreement to purchase Eastman Kodak Co.'s Remote Sensing Systems (RSS) business for $725 million. The transaction is subject to US regulatory approval and customary closing conditions. Henry Driesse, president of ITT's Industries Defense Electronics and Services unit, said ITT will create within that unit a new Space Systems Division, to be based at RSS in Rochester, N.Y. The Space Systems Division will develop and integrate space-based sensors and image information processing...Read full article

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    Published: February 2004
    Glossary
    remote sensing
    Remote sensing is a method of data collection and observation where information about objects, areas, or phenomena on Earth's surface is gathered from a distance, typically using sensors onboard satellites, aircraft, drones, or other platforms. This technique enables the monitoring and analysis of Earth's surface and atmosphere without direct physical contact. Remote sensing systems capture electromagnetic radiation (such as visible light, infrared, microwave, or radio waves) reflected or...
    defenseelectro-optical imaging componentsinfrared sensorsITT IndustriesKodakNews & Featuresremote sensingSensors & Detectorsweather satellites

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