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Exelis to Build GPS III Payloads for Lockheed

ITT Exelis (NYSE: XLS) won a $32 million contract from Lockheed Martin Corp. (NYSE: LMT) to build satellite navigation payloads. The McLean, Va. based communications and contracting firm will develop the payloads for Global Positioning System III space vehicles three and four. Mark Pisani, a vice president and general manager …

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Exelis Wins $160M Army IT Support Contract for Europe, Africa Regions

ITT Exelis (NYSE: XLS) has won a $160 million U.S. Army recompete contract to provide information technology support services in Europe and Africa, Exelis announced Tuesday. The Operations, Maintenance and Supply-Europe contract has a six-month base period and four one-year options. Exelis’ mission systems division will provide IT operations, maintenance and logistics support …

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Brig. Gen. Chris Tucker to Lead ITT Exelis International Strategy

ITT Exelis (NYSE: XLS) has appointed retired Army Brig. Gen. Chris Tucker as vice president of international government relations, Exelis announced Tuesday. The 32-year Army veteran will oversee and develop Exelis’ international strategy. The company said he will also help lead the company’s relationships with: Defense Department and government agencies …

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ITT Exelis Wins $121M for Army Satellite Comm Support

ITT Exelis (NYSE: XLS) has been awarded a $121 million contract by the U.S. Army Space and Missile Defense Command and the Army Forces Strategic Command to support satellite communications. Exelis announced its services will include: logistics, cybersecurity and life cycle engineering general maintenance and repair technical assistance and equipment installation …

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ITT Exelis Names Ret. Maj. Gen. Chuck Anderson VP, Director of Mission Systems

ITT Exelis (NYSE: XLS) has appointed retired Army Maj. Gen. Chuck Anderson as vice president and director of strategic initiatives for its mission systems business based in Colorado Springs, Colo. The company said the 32-year Army veteran will be responsible for executing and delivering projects that are central division priorities. Anderson …

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ITT Exelis Elects Five New Board Members, David Melcher Comments

ITT Exelis, which completed its spinoff from ITT Corp. Monday, has elected five new members to its board of directors, bringing the total number of directors to 11. New Exelis directors elected include: Herman E. Bulls, founder and CEO of the public institutions group at Jones Lang LaSalle Patrick J. …

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ITT Selects Board Members for Exelis, Xylem Spinoffs

ITT Corporation (NYSE: ITT) has announced the members of the board of directors for ITT Exelis (NYSE: XLS) and Xylem Inc. (NYSE: XYL), which are planned to spin off from ITT on Oct. 31. Ralph Hake, former chairman and CEO of Maytag, will become chairman of the Exelis board. Hake has …

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ITT Exelis CEO Dave Melcher to Host Investor Days Regarding Upcoming Spinoff

ITT Corp. (NYSE: ITT) will webcast a series of investor relations events on Oct. 13 and Oct. 14 to discuss its previously announced plan to separate into three independent publicly traded companies. The seperation is planned for October 31, 2011. On Oct. 13, senior management including future ITT Corp. President and CEO Denise Ramos and …

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ITT Exelis and Xylem Spinoffs to be Completed on Oct. 31, 2011

Pursuant to its January 2011 announcement, ITT Corp. (NYSE: ITT) today announced that its board of directors has approved the distribution to its shareholders of all the outstanding shares of  Exelis Inc., its defense and information solutions business and Xylem Inc., its water technology and services business. The company said …

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ITT Exelis to Establish Tysons Corner Headquarters; Will Invest Up to $5M, Create 100 Jobs

Once ITT Corp‘s defense and information solutions segment spins off and becomes a standalone company later this year, it will establish new headquarters in the Tysons Corner area of Fairfax County, Va. Virginia Gov. Bob McDonnell said the new company, registered with the U.S. Securities and Exchange Commission as ITT Exelis, …

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