Exelis optimizes operating business divisions to increase efficiencies and better serve domestic and international customers

  Exelis optimizes operating business divisions to increase efficiencies and
  better serve domestic and international customers

Business Wire

MCLEAN, Va. -- December 18, 2012

ITT Exelis (NYSE: XLS) has announced a realignment of its business divisions
to capitalize on operating efficiencies and increase focus on its strategic
growth platforms. The reorganization, which is effective January 2, 2013, will
include:

  *Night Vision and Tactical Communications Systems will be composed from the
    combination of the night vision and communications businesses that were
    previously part of other divisions.
  *The composite aerostructures business, a strategic growth area, will be
    separated from its current division and operate as a standalone business
    area in order to build synergies and customer focus.

“Overall, this realignment will allow our businesses to become more focused on
their core areas of expertise, which will enable them to better develop and
invest in new technologies, win new business and provide maximum customer
value,” said Exelis CEO and President David F. Melcher.

Upon implementation of these changes, the company will continue to report
quarterly and annual financial results in two segments:

  *C4ISR Electronics & Systems, which includes the Electronic Systems,
    Geospatial Systems, Night Vision and Tactical Communications Systems
    divisions, as well as the Aerostructures business area
  *Information & Technical Services, which includes the Information Systems
    and Mission Systems divisions

About ITT Exelis

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
Investors
Katy Herr, 703-790-6376
Katy.Herr@exelisinc.com
or
Media
B.J. Talley, 703-790-6349
William.Talley@exelisinc.com
 
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