Key Developments: Exelis Inc (XLS)
12.04USD
17 May 2013
$0.08 (+0.67%)
$11.96
$12.03
$12.09
$11.95
677,261
1,282,274
$12.09
$9.01
Latest Key Developments (Source: Significant Developments)
Exelis Inc Approves $0.1033 Per Share Dividend For Second Quarter Of 2013
Exelis Inc announced that Board of Directors has declared a cash dividend of $0.1033 per share for the second quarter of 2013. The dividend will be payable on July 1, 2013 to shareholders of record on May 24, 2013. Full Article
Exelis Inc Reaffirms FY 2013 Guidance
Exelis Inc announced that for fiscal 2013, it expects sales in the range of $5.0-$5.1 billion and earnings per share (EPS) in the range of $1.45-$1.55. According to I/B/E/S Estimates, analysts were expecting the Company to report revenue of $5.01 billion and EPS of $1.47 for fiscal 2013. Full Article
Future Pipe Industries Group Signs Agreement For Acquisition Of Exelis Inc's Specialty Plastics, Inc
Exelis Inc announced that Future Pipe Industries Group (FPIG), as part of the execution of global growth strategy, has signed an agreement with ITT Exelis, to acquire 100% of the fibreglass reinforced pipe business, Specialty Plastics, Inc. (SPI) Full Article
Exelis Inc Secures Base Operations Contract In Romania
The U.S. Navy Facilities Engineering Command for Europe, Africa and Southwest Asia, based in Naples, Italy, announced that it has awarded Exelis Inc a contract worth $5.7 million for base operations support services at Deveselu Air Base near Caracal, Romania. Full Article
Exelis Inc Receives $4.3 Million International Order For Radios, Installation Kits And Spare Parts
Exelis Inc announced that it has been awarded a direct commercial contract valued at $4.3 million to provide an existing international customer with additional communications equipment, including spares and ancillary devices. Communications equipment acquired under the contract includes the RT-1702 Single Channel Ground and Airborne Radio System (SINCGARS) in the VRC-90 Long Range Radio System and the VRC-92 Dual Long Range Radio System configurations. Also included in the award are installation kits and spares to support both systems. Full Article
Exelis Inc Issues FY 2013 Guidance Below Analysts' Estimates
Exelis Inc announced that for fiscal 2013, it expects sales in the range of $5.0-$5.1 billion and earnings per share (EPS) in the range of $1.45-$1.55. According to I/B/E/S Estimates, analysts were expecting the Company to report revenue of $5.2 billion and EPS of $1.65 for fiscal 2013. Full Article
Exelis Inc Approves $0.1033 Per Share Dividend For First Quarter of 2013
Exelis Inc announced that it has declared a cash dividend of $0.1033 per share for the first quarter of 2013. The dividend will be payable on April 1, 2013 to shareholders of record on March 15, 2013. Full Article
Exelis Inc Completes Acquisition Of C4i Pty. Ltd. From Longreach Group Ltd
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. Full Article
Exelis Inc Wins Air Force Contract To Research Low-Cost GPS Alternatives
Exelis Inc announced that ITT Exelis has been awarded a $2.15 million contract by the Air Force Research Laboratory (AFRL) to research the development of a small satellite navigation payload to augment the current Global Positioning System (GPS) program. The GPS NAVSAT (Navigation Satellite) program seeks to provide affordable capabilities to aid end-users located in tough-to-reach environments. The goal of the 18-month initial study is to identify ways to increase affordability and sustainment of the GPS program through payload weight reduction, size and power. The GPS NAVSAT will maintain similar performance capability to the existing GPS system, but will aid GPS end-users in signal-constrained environments, located in urban or mountainous terrain. Work on GPS NAVSAT is performed in Clifton, N.J., and in Bloomfield, N.J. Full Article
Exelis Inc Receives $25 Million Order To Provide Communications Equipment
Exelis Inc announced that it has received a $25 million order to provide a wide range of communications equipment to an international customer. This Foreign Military Sales (FMS) program contract was awarded by the U.S. Communications-Electronics Command (CECOM) at Aberdeen Proving Ground, Md. The award includes the delivery of Exelis International Single Channel Ground and Airborne Radio System (SINCGARS) VHF Base Stations and Vehicular Systems in single and dual radio configurations. Full Article
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