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Pam Drew, Ed Sayadian Lead Exelis Aviation Demo

TYSONS CORNER, VA March 11, 2015 — Executive Mosaic — Exelis executives were slated to be on hand to present the company’s new aviation business and integrated services at the 2015 World ATM Congress in Spain, GovCon Executive reported this week. The Exelis booth was scheduled to demonstrate the latest in …

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Exelis Reports 1% 4Q Revenue Bump, $3B in FY 2014 Contract Awards

Exelis (NYSE: XLS) has announced financial results for the fourth quarter and its full 2014 fiscal year ended Dec. 31, 2014. Exelis said the results reflect the September 2014 spinoff of its former mission systems business into the company now known as Vectrus. The McLean, Va.-based defense technology maker said its …

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February 9 Morning Report: Harris, Exelis Lead GovCon Index Gains

The GovCon Index gained 0.719 points, or 0.96 percent, on Friday for a new record close of 74.186. Harris Corp. (NYSE: HRS) announced its intent to buy Exelis (NYSE: XLS) for $5 billion, an announcement that sent a price surge of 9.63 percent and 36.25 percent for both companies. The Dow Jones Industrial Average fell 60.59 points to 17, …

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February 6 Market Close: Harris, Exelis Gains Lift GovCon Index to Record Close

The GovCon Index ended the trading week with a gain of 0.719 points — or 0.96 percent — to a new record of 74.186. Harris Corp.’s stock price jumped 9.63 percent after the military radio maker said it would buy defense technology contractor Exelis (NYSE: XLS) for approximately $4.75 billion in cash and stock. …

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Harris Signs Deal to Purchase Exelis for $4.75B in Cash, Stock

Melbourne, Fla.-based communications technology maker Harris Corp. (NYSE: HRS) has agreed to purchase defense electronics manufacturer Exelis (NYSE: XLS) in a cash-and-stock transaction with an enterprise value of $4.75 billion, or $23.75 per share, the companies said Friday. The price of the deal — Harris’ largest acquisition in company history — is …

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Exelis to Provide Laser Tool for NASA Climate Change Research

Exelis (NYSE: XLS) will support NASA research on climate change by providing a modified Multi-Functional Fiber Laser LIDAR under a $3.5 million contract as part of the Atmospheric Carbon and Transport-America project. The company said Monday that the research is centered on monitoring how weather systems move gases such as carbon …

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Exelis Wins Intl Combat Net Radio Sale

Exelis (NYSE: XLS) has landed a $30 million commercial sale contract to provide vehicular tactical radio systems and associated installation kits to an unnamed international customer. The customer ordered the company’s RT-1702 Single Channel Ground and Airborne Radio Systems for integration into multiple types of military vehicles, Exelis said Monday. …

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Exelis to Refresh Digital Memory of US Air Force’s Command Control System; Jennifer Schoonover Comments

Exelis Inc. (NYSE: XLS) has been awarded a $10.3 million contract to update the digital memory technology of the U.S. Air Force’s automated command control system. The company will work to install a new data storage and retrieval technology on the command control system for operational continuity through 2030, Exelis said Wednesday. …

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Peter Martin to Lead Exelis’ Electronic Attack, Release Systems Business; Rich Sorelle Comments

Peter Martin will serve as vice president and general manager of Exelis‘ (NYSE: XLS) electronic attack and aircraft release systems business and will oversee operations at company facilities in Amityville and Bohemia in New York. The company said Monday Martin holds close to 35 years of defense and aerospace industry experience and served as a cryptologic …

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Joe Rambala: Exelis-Airbus Team to Combine Tech for F-16 Missile Warning Functions

Exelis (NYSE: XLS) will combine its electronic warfare system technology with Airbus Group‘s AAR-60(V)2 Missile Launch Detection System for Fighters under a teaming agreement to deliver missile warning functions to the F-16 Fighting Falcon. Joe Rambala,  vice president and general manager of Exelis’ integrated electronic warfare systems business, said Monday the combined offering is available both domestically and …

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