Update: No ITT layoffs in Colorado Springs (KOAA Colorado Springs - Pueblo)

Defense contractor ITT Corp., which has an office in Colorado Springs, says it will restructure its defense segment and cut jobs this year. ITT Systems, on Space Center Dr., is the ninth largest employer in Colorado Springs, according to the Colorado Springs Regional Development Corp. Company spokesman BJ Talley says there will be NO layoffs in Colorado Springs. Under the restructuring, the …