ITT Exelis (XLS +2.5%) trades up today after saying it's been selected by Raytheon Company (RTN)...

|About: Exelis Inc. (XLS)|By:, SA News Editor

ITT Exelis (XLS +2.5%) trades up today after saying it's been selected by Raytheon Company (RTN) to supply antenna subsystems for the DoD's international ballistic defense system. The antennas will be fielded as part of the Standard Missile-3 program, a cooperative development program between the U.S. Department of Defense and the Ministry of Defense of Japan, scheduled to be deployed in 2018.