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Stock Market & Financial Investment News

News Breaks
August 20, 2014
13:36 EDTXLSExelis awarded $517M U.S. Army contract
Exelis has been awarded a $517M contract for enterprise information management and information technology support services by the U.S. Army Corps of Engineer Research and Development Center, Vicksburg, Mississippi. The contract is a fixed-price incentive award and includes the base year, plus four one-year options that, if fully exercised, would extend the contract through August 2019. Exelis will provide information management and information technology support services to more than 37,000 USACE customers. Work will be performed in multiple locations that include USACE headquarters in Washington, D.C.; nine separate Engineer divisions, 44 Engineer districts -- and their associated field and area project offices -- and two data centers located in Mississippi and Oregon. The effort will also include rapid response and flexible support for emergency operations.
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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