XLS

Exelis

ITT Exelis (NYSE: XLS) is a diversified, top-tier global aerospace, defense and information solutions company operating on four continents with strong positions in enduring and emerging global markets. ITT Exelis is a leader in electronic warfare, navigation, networked communications, sensing and surveillance, air traffic management, information systems, and cyber security, with growing positions in composite aerostructures, logistics and technical services. The company has a 50-year legacy of innovation and technology expertise, partnering with customers worldwide to deliver affordable, mission-critical products and services for managing global threats, conflicts and complexities. Headquartered in McLean, VA, the company employs about 20,000 people and generated 2010 revenue of nearly $6 billion. www.exelisinc.com

Our Business:

Exelis designs and manufactures a diverse range of products with core competencies in critical defense areas. We are a leading supplier of sophisticated, highly engineered products and systems for defense, aerospace, and intelligence applications. We believe our advanced systems are mission-critical on a wide range of military programs and are at the core of transforming defense capabilities. We also provide logistics, infrastructure and sustainment support services for a wide variety of United States military and government customers.

Exelis has two reporting segments: Command, control, communications, computing, intelligence, surveillance and reconnaissance (“C4ISR”) and Electronics and Systems and Information and Technical Services (“I&TS”). C4ISR provides communications, sensing and surveillance, space and advanced engineering solutions for government and commercial customers around the world. I&TS provides a broad range of systems integration, operations, sustainment, advanced engineering, logistics, space launch and range-support solutions for a wide variety of U.S. military and government agency customers.