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Stock Market & Financial Investment News

News Breaks
July 28, 2014
17:19 EDTXLSExelis awarded $445.11M government contract modification
Exelis Systems was awarded a $445.11M modification to contract W52P1J-10-C-0062 for base operations at Camp Arifjan, Camp Buehring, Udairi Range and Camp Patriot in Kuwait and the aerial port of debarkation, and sea port of debarkation in Kuwait. Fiscal 2014 other funds in the amount of $445.11M were obligated at the time of the award. Estimated completion date is Sept. 28, 2015. Work will be performed in Kuwait.
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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