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Stock Market & Financial Investment News

News Breaks
July 21, 2014
09:03 EDTXLSExelis receives $9M contract
Exelis received a contract valued at more than $9M to provide advanced military air traffic management capabilities to the Saudi Arabian National Guard. Under this foreign military sales contract, Exelis will supply the GCA-2020 precision ground control approach radar to support the SANG’s growing aviation mission requirements. The contract was awarded by the U.S. Air Force Life Cycle Management Center, Hanscom Air Force Base, Massachusetts.
News For XLS From The Last 14 Days
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July 1, 2015
09:31 EDTXLSHarris announces new organizational structure
Harris (HRS) announced that it will reorganize its business segments to increase operational efficiency and capture synergies that result from Harris’ recent acquisition of Exelis (XLS). Effective the beginning of fiscal 2016, July 4, the company will be organized in the following four business segments: Communication Systems, led by Chris Young. The segment will serve markets in tactical and airborne radios, night vision technology, and defense and public safety networks; Critical Networks, led by Carl D’Alessandro. The segment will provide managed services supporting air traffic management, energy and maritime communications, and ground network operation and sustainment, as well as high-value IT and engineering services; Electronic Systems, led by Ed Zoiss. The segment will offer an extensive portfolio of solutions in electronic warfare, avionics, wireless technology, C4I, undersea systems and aerostructures; Space and Intelligence Systems, led by Bill Gattle. The segment will provide complete earth observation, weather, geospatial, space protection, and intelligence solutions from advanced sensors and payloads, as well as ground processing and information analytics.

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