Exelis Inc.(XLS)- NYSE
  • Jul. 1, 2015, 10:30 AM
    • Harris (HRS +1%) is reorganizing its business segments to increase operational efficiency and capture synergies that result from its recent acquisition of Exelis (XLS).
    • "We combined Harris' and Exelis' top talent and technology to create four market-focused segments aligned with Harris' strategic growth platforms,” said CEO William Brown.
    • Effective the beginning of fiscal 2016, July 4, the company will be organized into the following divisions: Communication Systems; Critical Networks; Electronic Systems; Space and Intelligence Systems.
    | Jul. 1, 2015, 10:30 AM
  • May 26, 2015, 9:12 AM
    • The Department of Interior has awarded Exelis (NYSE:XLS) Visual Information Solutions a Blanket Purchase Agreement to acquire ENVI software and maintenance.
    • ENVI is the flagship image analysis software product offer by Exelis.
    | May 26, 2015, 9:12 AM
  • May 13, 2015, 10:28 AM
    • Exelis (NYSE:XLS) declares $0.1033/share quarterly dividend, in line with previous.
    • Forward yield 1.69%
    • Payable July 1; for shareholders of record May 22; ex-div May 20.
    | May 13, 2015, 10:28 AM
  • May 6, 2015, 7:37 AM
    • Net income of $59M, or $0.31 per diluted share vs. $52M or $0.27 per diluted share in the same quarter a year ago.
    • Revenue by segment: C4ISR Electronics and Systems +6%; Information and Technical Services +3%.
    • The company secured $700M in orders during the quarter.
    • Q1 results
    | May 6, 2015, 7:37 AM
  • May 6, 2015, 6:32 AM
    • Exelis (NYSE:XLS): Q1 EPS of $0.31 beats by $0.04.
    • Revenue of $785M (+4.9% Y/Y) beats by $33.8M.
    | May 6, 2015, 6:32 AM
  • May 5, 2015, 10:40 AM
    • Harris (HRS -1.6%) expects to win antitrust approval for its planned acquisition of Exelis(XLS -0.6%) without having to make any asset disposals and still anticipates the $4.6B deal to close in June.
    • The remaining stumbling block is its ownership of intellectual property related to a planned Army radio upgrade, Chief Executive Bill Brown said on a post-earnings call. The company is confident it will resolve the issue.
    • Earlier: More on Harris' FQ3 (May. 05 2015)
    • Earlie: Harris beats by $0.07, misses on revenue (May. 05 2015)
    | May 5, 2015, 10:40 AM
  • Apr. 14, 2015, 7:54 AM
    • The completion of Harris' (NYSE:HRS) acquisition of defense contractor Exelis (NYSE:XLS) has been moved back at least a month or longer, while the DoD conducts its own review of the $4.75B deal, CT Financial News reports.
    • Harris bought itself another 30 days to avoid a more comprehensive review by pulling, then refiling, its Hart-Scott-Rodino Antitrust Act application with the Department of Justice.
    • Previously: Harris to acquire Exelis for $4.75B (Feb. 06 2015)
    | Apr. 14, 2015, 7:54 AM
  • Mar. 11, 2015, 8:02 AM
    • Exelis (NYSE:XLS) has been awarded a multimillion dollar contract from Airbus (OTCPK:EADSY) to produce center wing box struts for the A350-1000 aircraft.
    • Deliveries are scheduled to begin in 2016 and will continue through 2020.
    | Mar. 11, 2015, 8:02 AM
  • Mar. 10, 2015, 7:43 AM
    • Exelis (NYSE:XLS) is close to unveiling a low-altitude surveillance system for drones, in an effort to create technology that enables UAVs to safely fly over long distances.
    • The FAA recently proposed regulations that largely ban unmanned aircraft systems from many tasks, by requiring that remote pilots keep the drones in sight.
    • Exelis' products, called Symphony UAS-Vue and RangeVue, will show terrain, weather and airspace boundaries all in real time.
    | Mar. 10, 2015, 7:43 AM
  • Mar. 9, 2015, 10:28 AM
    • Exelis (XLS) has been selected to provide its airfield monitoring solutions to Los Angeles International Airport.
    • The solution provides a common airfield operating picture for air traffic controllers and key airfield operations staff for increased situational awareness and collaborative decision-making.
    | Mar. 9, 2015, 10:28 AM
  • Feb. 27, 2015, 7:27 AM
    • Adjusted net income of $90M, or $0.47 per diluted share vs. $66M or $0.34 per diluted share in the same quarter a year ago.
    • Revenue by segment: C4ISR Electronics and Systems +2%; Information and Technical Services -1%.
    • "We delivered results in line with full-year expectations in 2014, increased our international sales...all while successfully executing the spin-off of Vectrus," said CEO David Melcher.
    • Q4 results
    • XLS +2.2% premarket
    | Feb. 27, 2015, 7:27 AM
  • Feb. 27, 2015, 6:32 AM
    • Exelis (NYSE:XLS): Q4 EPS of $0.47 beats by $0.02.
    • Revenue of $933M (+1.2% Y/Y) beats by $20.88M.
    | Feb. 27, 2015, 6:32 AM
  • Feb. 26, 2015, 5:30 PM
    | Feb. 26, 2015, 5:30 PM | 4 Comments
  • Feb. 23, 2015, 10:03 AM
    • Exelis (XLS -0.3%) has received orders valued at $7.6M from ADS, on behalf of the DoD, to provide mission command on-the-move systems.
    • Called Global Network on the Move-Active Distribution (GNOMAD), the system provides broadband, SATCOM and on-the-move networked command and control connectivity.
    • GNOMAD uses low profile antennae designs, in a reduced size, weight and power profile.
    | Feb. 23, 2015, 10:03 AM
  • Feb. 19, 2015, 3:19 PM
    • Exelis (NYSE:XLS) declares $0.1033/share quarterly dividend, in line with previous.
    • Forward yield 1.70%
    • Payable April 1; for shareholders of record March 13; ex-div March 11.
    | Feb. 19, 2015, 3:19 PM
  • Feb. 19, 2015, 11:12 AM
    • DARPA has awarded Exelis (XLS -0.2%) a $10.7M contract to develop a new multifunctional chip for airborne radio applications.
    • The contract is part of an overall effort to enable secure communications and battlefield networks ahead of emerging electronic threats.
    | Feb. 19, 2015, 11:12 AM
Company Description
Exelis Inc is a diversified aerospace, defense, information and services company. It delivers mission-critical solutions to military, government and commercial customers in the United States and globally.
Industry: Aerospace/Defense - Major Diversified
Country: United States