ITT Exelis Announces Agreement to Acquire C4i Pty. Ltd.

  ITT Exelis Announces Agreement to Acquire C4i Pty. Ltd.

- Acquisition adds advanced communications software to air traffic management
                                  portfolio

              - Investment expands global reach in Asia Pacific

Business Wire

HERNDON, Va. -- December 10, 2012

ITT Exelis (NYSE: XLS) has signed a definitive agreement to acquire C4i Pty.
Ltd. (C4I) based in Melbourne, Australia, from the Longreach Group Limited
(ASX Code: LRG) for an enterprise value of approximately USD 16.8 million.
Pending Longreach Group shareholder approval, the transaction is expected to
close in the first quarter of 2013 subject to customary closing conditions and
regulatory approvals. The acquisition is not material to Exelis 2012 results.

C4i provides advanced communications software that is central to the needs of
air traffic management systems and mobile communications solutions for
commercial, homeland security and defense systems around the globe. Its
Internet Protocol (IP)-based voice control and switching solutions allow for
large networks of radio devices to be seamlessly integrated. This technology
provides operators with a fully integrated command and control system enabling
enhanced safety and efficiency for air traffic control.

“C4i’s interoperable communications solutions and engineering talent will
complement Exelis’ strong and successful record of integrating, deploying and
operating large scale communications networks for our air traffic management,
commercial and defense customers," said Michael R. Wilson, president of Exelis
Information Systems. "This acquisition expands our portfolio of critical
infrastructure solutions, builds on our presence in Australia, and brings us
closer to our customers and markets of interest.”

C4iis based in Melbourne, Australia with locations in Perth, Australia;
Reston, Va., USA; and Singapore.

About ITT Exelis

ITT Exelis is a diversified, top-tier global aerospace, defense and
information solutions company with strong positions in enduring and emerging
global markets. Exelis is a leader in networked communications, sensing and
surveillance, electronic warfare, navigation, air traffic solutions and
information systems with growing positions in cyber security, composite
aerostructures, logistics and technical services. The company has a 50-year
legacy of innovation and technology expertise, partnering with customers
worldwide to deliver affordable, mission-critical products and services for
managing global threats, conflicts and complexities. Headquartered in McLean,
Va., the company employs about 20,500 people and generated 2011 sales of $5.8
billion. www.exelisinc.com

Contact:

ITT Exelis
Leah Lackey, 703-668-6234
leah.lackey@exelisinc.com
 
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