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Exelis Inc Completes Acquisition Of C4i Pty. Ltd. From Longreach Group Ltd

Thursday, 31 Jan 2013 08:20am EST 

Exelis Inc announced that it has completed acquisition of C4i Pty. Ltd. (C4i) from the Longreach Group Ltd for an enterprise value of approximately USD16.8 million. C4i, based in Melbourne, Australia, provides advanced communications software that supports mission critical communications for a range of applications including air traffic management, defense, public safety, mining and homeland security. The acquisition does not materially impact Exelis financial results for the full-year of 2012 or the first quarter of 2013. C4i`s Internet Protocol (IP)-based voice control and switching capabilities provide flexible communications connectivity for dispersed operations personnel. This capability ensures that diverse organizations can effectively communicate in real-time to achieve vital mission needs through the flexible inter-networking of disparate telephony and radio systems. 

Company Quote

0.05 +0.28%
10:02am EST