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Stock Market & Financial Investment News

News Breaks
June 24, 2014
08:02 EDTXLSExelis awarded contract vehicle by GSA to provide professional services
Exelis has been awarded a contract vehicle by the General Services Administration to provide professional services to federal agencies under its One Acquisition Solutions for Integrated Services, or OASIS, program. Exelis will compete with other contractors for task orders under the multiple-award, indefinite-delivery, indefinite-quantity vehicle. OASIS enables customers to acquire professional services for integrated solutions efficiently and economically. Although the program has no ceiling value, it is a multibillion dollar vehicle. The contract has a five-year base and one five-year option allowing for long-term planning for complex program requirements.
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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