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Stock Market & Financial Investment News

News Breaks
June 16, 2014
09:02 EDTXLSExelis awarded $12M contract
Exelis has been awarded a $12M contract to deliver enhanced high-capacity data radios to a NATO customer. This award expands on this NATO country’s existing communications capabilities. Work on this contract will take place into 2016 at the Exelis Basingstoke facility.
News For XLS From The Last 14 Days
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March 30, 2015
10:03 EDTXLSHarris re-files notification, report form with DOJ on Exelis merger
As previously disclosed, on February 5, Harris Corporation (HRS) entered into an agreement and plan of merger with Exelis (XLS) and filed the notification and report forms required under the HSR Act with the Department of Justice and the Federal Trade Commission on February 24. Harris stated in a regulatory filing that on March 20 the company withdrew the Initial Filing, and on March 24, Harris re-filed the notification and report form with the DOJ and the FTC. Due to the re-filing, the waiting period under the HSR Act is currently scheduled to expire on April 23, unless otherwise extended or terminated. Harris continues to expect the closing of the transaction to occur in June, the company noted.

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