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Tag Archives: Exelis

May 22 Market Close: GovCon Index Continues Slide, Market Examines Inflation Report

GovConIndexDOWN

The GovCon Index extended its decline for the second consecutive day Friday with a loss of 0.328 points to close at 75.067. Harris Corp. (NYSE: HRS) and Exelis (NYSE: XLS) both jumped 1 percent after the companies announced Harris’ acquisition of Exelis is scheduled to close May 29 after the deal received approval from ...

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Exelis Picks Leidos for Next Phase of DARPA Counter Radar Project

partnership

TYSONS CORNER, VA May 22, 2015 — ExecutiveBiz reported Thursday on Leidos (NYSE: LDOS) being selected to continue working with Exelis (NYSE: XLS) in the next phase of the Defense Advanced Research Projects Agency‘s Adaptive Radar Countermeasures program. Work under the new subcontract will include a demonstration of Leidos electronic warfare ...

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Exelis Shareholders OK Harris’ Acquisition Offer, DOJ Clears Transaction

FalconRadio

Harris Corp.’s (NYSE: HRS) pending acquisition of Exelis (NYSE: XLS) for almost $4.75 billion in cash and stock has moved forward after Exelis’ shareholders voted to approve the transaction and the Justice Department cleared the deal under antitrust law. Exelis said Friday both companies expect the transaction to close May 29, pending other closing ...

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Vectrus Systems Gets $160M Army Contract Modification for SW Asia Support

Vectrus

Vectrus Systems, a subsidiary of Exelis (NYSE: XLS) spinoff company Vectrus (NYSE: VEC), will provide operations and maintenance support for the U.S. Army‘s communications equipment and information systems under a $160.2 million contract modification. The Defense Department said Thursday Vectrus will support the Army Network Enterprise Technology Command‘s 160th Signal Brigade and ...

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Ed Sayadian: Exelis Passes Factory Acceptance Tests for Aireon Software, Hardware

Ed Sayadian

TYSONS CORNER, VA May 19, 2015 — Exelis (NYSE: XLS) moved closer to operational deployment of Aireon’s space-based aircraft monitoring technology following the conclusion of factory testing of the surveillance data processing and distribution ground system component, ExecutiveBiz reported Monday. “The factory acceptance achievement formally verifies that all requirements and interfaces ...

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NOAA Enlists Exelis Helios Tech for ‘Weather-Ready Nation’ Program

Exelis logo

TYSONS CORNER, VA May 8, 2015 — Executive Mosaic — Exelis (NYSE: XLS) will lend its Helios technology to support real-time ground weather surveillance for the National Oceanic and Atmospheric Administration under the Weather-Ready Nation initiative, ExecutiveBiz reported Thursday. The Helios digital platform uses images and videos pulled from traffic ...

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Edward Sayadian: Exelis, FAA to Test-Drive Sense-And-Avoid UAS Tool

Ed Sayadian

TYSONS CORNER, VA May 6, 2015 — Executive Mosaic — Exelis (NYSE: XLS) will embark on a research project with the Federal Aviation Administration that will study the safe integration of unmanned aircraft systems into the national airspace, ExecutiveBiz reported Tuesday. Exelis said the experiments will be carried out at ...

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Exelis Reports 5% Revenue Bump for 1Q, Profit Up 13%

Exelis logo

Exelis (NYSE: XLS) has announced financial results for the first quarter of its 2015 fiscal year ended March 31, 2015. The McLean, Va.-based defense technology contractor said revenue increased 4.94 percent year-over-year to $785 million and profit rose 13.46 percent from the prior year period to $59 million. Revenue for ...

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Exelis, L-3 Enter EW System Joint Project for AC/MC-130J

LM MC-130J Commando II

TYSONS CORNER, VA May 1, 2015 — Executive Mosaic — Exelis (NYSE: XLS) is set to build an electronic warfare system for the special mission AC/MC-130J aircraft in collaboration with L-3 Platform Integration, ExecutiveBiz reported Wednesday. The contract for the Air Force Special Operations Command will combine its EW technology ...

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April 30 Market Close: GovCon Index Plunges 2%, Biotech Losses Send Stocks Down

GovConIndexDOWN

The GovCon Index capped the month of April with a decline of 2.001 percent to hit its lowest closing figure of the month at 73.372. Bloomberg cited losses in small cap and biotechnology stocks as a driver of declines in U.S. stock markets Thursday and continued scrutiny of investors on the Federal ...

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