Defense contractor ITT will close its Lancaster facility and transfer the development and manufacturing of test equipment for military electronics to its Thousand Oaks location. The move was made as ITT makes changes to its defense segment and consolidates seven business units into three. Some Lancaster employees will be given the opportunity to transfer to Thousand Oaks but about 140 people will be laid off, said ITT spokesman David Albritton. “We looked at a number of facilities and Lancaster was one we really took a look at the footprint and how to shift that to another facility in California,” Albritton said. In addition to Thousand Oaks, ITT also has a facility in Van Nuys.