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Tag Archives: Exelis

Exelis to Repurchase Up to $350M in Shares Over 2-Year Period

Exelis (NYSE: XLS) plans to repurchase its outstanding common stock worth as much as $350 million following the board of directors’ approval of a two-year share repurchase program. The company said Tuesday it will repurchase an undefined number of shares at any time within the period ending Nov. 4, 2016, based on federal securities legislation and …

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November 3 Morning Report: GovCon Index to Open at 68.417

The GovCon Index closed Friday at 68.417, up 0.714 or 1.033 percent. Market indicators ended the month of October on a high Friday, with the Dow Jones industrial average adding 195.10 points (1.1 percent) to end at 17, 390.52, according to a Market Watch report. Standard & Poor’s 500 gained …

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October 28 Morning Report: GovCon Index Up on Monday’s Close

The GovCon Index closed Monday at 66.193, up 0.200 or 0.301 percent. Top Percentage Gainers Company Stock Price % Change ICF International Inc. 34.11 1.82% Orbital 29.51 1.65% CGI Group Inc. 33.83 1.41% Raytheon Co. 99.37 1.27% Exelis Inc. 16.99 1.25% Market Summary Advancing Issues 19 (63.33%) Declining Issues 10 (33.33%) Unchanged …

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October 7 Morning Report: GovConIndex Down on Mixed Day of Trading

The U.S. stock market closed Monday trading lower. The GovConIndex fell 0.289, or 0.450%, to 64.535. Many investors remain uncertain about the outlook for stocks as they wait for the beginning of the earnings season.   Top Percentage Gainers Company Closing Price Change %Change CGI Group Inc 34.52 0.55 1.62% Exelis Inc. 17.10 0.20 …

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October 6 Morning: Friday Surge in GovConIndex

The GovConIndex rose 0.797, or 1.23 percent, to 64.085 by riding on an increase in the Dow Jones Industrial Average. Friday’s rise came after four consecutive days of declines and new figures that show an increase in hiring by U.S. employers.       Top Percentage Gainers Company Stock Price Change %Change Healthnet …

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Exelis Spins Off Gov’t Services Arm ‘Vectrus’

Exelis (NYSE: XLS) has completed the spinoff of its mission systems business unit into a standalone company called Vectrus. Vectrus will trade under the “VEC” ticker symbol beginning on Monday and aims to deliver information technology, infrastructure and supply chain management, network communication and logistics services in the government market, …

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NASA Issues $221M Infrared Instrument Contract Extension to Exelis

Exelis‘ (NYSE: XLS) geospatial systems division has received a $221 million contract modification from NASA to continue support for the agency’s Joint Polar Satellite System-2 mission for an additional three years. The contract covers work to manufacture, test, deliver, integrate and perform launch and post-launch support of the Cross-track Infrared Sounder instrument for the JPSS-2 mission, …

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Exelis Sets Mission Systems Business Spinoff Completion Date, ‘Vectrus’ to Start NYSE Trading Sept. 29

Exelis‘ (NYSE: XLS) board of directors has approved the spinoff of the company’s mission systems business division into a separate, publicly traded company that will operate as Vectrus. The companies have set Sept. 27 as the date to complete the transaction and Vectrus will begin regular way trading on the New York Stock Exchange Sept. …

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Exelis Wins $517M for Army Corps of Engineers IT Support Work

The U.S. Army Corps of Engineers has awarded Exelis (NYSE: XLS) a potential five-year, $517 million contract to perform information technology support work at various USACE facilities worldwide. Exelis said Wednesday it will deliver enterprise IT management services to the military organization’s more than 37, 000 clients around the globe. …

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Exelis Buys Air Traffic Control Software Maker Barco Orthogon

Exelis (NYSE: XLS) has moved to expand its aviation systems portfolio by acquiring Barco NV‘s air traffic management software business Orthogon. Orthogon develops software applications for airport operators to manage queues, predict runway allocation and collaborate with air navigation service providers, Exelis said Friday. The ATM business will operate under …

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