New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
December 11, 2012
17:29 EDTXLSITT Exelis announces $100M share repurchase program
The Board of Directors for ITT Exelis has authorized a share repurchase program. Under the program the company may repurchase up to $100M of the company's common stock from December 11 through December 31, 2015 with the primary objective to offset dilution from equity awards made by the company. Share repurchase transactions may be made from time to time during the defined time period at the discretion of company management and in accordance with all applicable federal securities laws. The timing of repurchases and the exact number of shares of common stock to be purchased will depend upon market conditions and other factors. This program may be extended, suspended or discontinued at any time without prior notice.
News For XLS From The Last 14 Days
Sign up for a free trial to see the rest of the stories you've been missing.
January 28, 2015
09:05 EDTXLSExelis receives low rate initial production contract from Lockheed Martin
Subscribe for More Information
January 26, 2015
09:01 EDTXLSExelis wins interim redesign contract worth $15.3M for Navy's tactical jammer
Exelis has received a U.S. Naval Surface Warfare Center contract valued at $15.3M to perform essential sustainment work on the ALQ-99 tactical jamming system. The ALQ-99 is used on the Navyís EA-6B Prowler and EA-18G Growler electronic attack aircraft. The technology will also be provided to the Australian government through a Foreign Military Sales program, the first time the ALQ-99 has been made available to an international ally. Under the contract, Exelis will redesign three modules -- components of the ALQ-99ís universal exciter upgrade shop-replaceable assembly -- to extend the service life of the Navyís principal standoff jammer. As part of the redesign, Exelis will replace legacy application-specific electronic components with modern field-programmable technology, enhancing reliability and the systemís ability to adapt to changing mission needs. The work will also include extensive qualification testing to ensure that the aircraft can operate successfully in challenging environments.
January 21, 2015
10:01 EDTXLSExelis receives follow-on contract valued at over $27M from GAAS
Exelis received a follow-on contract valued at more than $27M from General Atomics Aeronautical Systems, Inc. to continue producing and supplying the BRU-71/A ejector rack for the Predator B/MQ-9 Reaper Remotely Piloted Aircraft system. This award is the third BRU-71/A follow-on production contract for Exelis. The first, for 208 units, was received in February 2011 and the second, for 520 units, was received in 2013. Deliveries of the latest batch will begin in October 2015 and will be completed in August 2016. Contract work is performed at the Exelis facility in Amityville, New York.

Sign up for a free trial to see the rest of the stories you've been missing.

I agree to the theflyonthewall.com disclaimer & terms of use