ITT Exelis completes acquisition of C4i Pty. Ltd.

  ITT Exelis completes acquisition of C4i Pty. Ltd.

- Acquisition adds advanced communications software to air traffic management
                                  portfolio

           - Investment expands global reach in Asia/Pacific region

Business Wire

HERNDON, Va. -- January 31, 2013

ITT Exelis (NYSE: XLS) has completed its acquisition of C4i Pty. Ltd. (C4i)
from the Longreach Group Limited (ASX Code: LRG) for an enterprise value of
approximately USD 16.8 million. C4i, based in Melbourne, Australia, provides
advanced communications software that supports mission critical communications
for a range of applications including air traffic management, defense, public
safety, mining and homeland security. The acquisition does not materially
impact Exelis financial results for the full-year of 2012 or the first quarter
of 2013.

C4i’s Internet Protocol (IP)-based voice control and switching capabilities
provide flexible communications connectivity for dispersed operations
personnel. This capability ensures that diverse organizations can effectively
communicate in real-time to achieve vital mission needs through the flexible
inter-networking of disparate telephony and radio systems.

C4i will become part of the Information Systems business of Exelis. Pam Drew,
president of Exelis Information Systems said of the transaction, “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.” She went on to say, “We welcome C4i to the Exelis
portfolio. We look forward to synergies with our air traffic management
business with an immediate focus on Australia’s oneSKY Australia initiative to
combine civil and military air traffic control. More broadly, we see
opportunity for integrating C4i’s communications capabilities with Exelis’
expertise in developing and deploying large scale communications networks.”

Peter Harrison, C4i vice president and general manager, said, “Joining the
Exelis team expands the breadth of capabilities we can offer to our existing
customers and opens doors to new customers outside of our core markets. We
anticipate more opportunities for the growth of our business and our
employees. The acquisition represents significant commitment to the Australian
market and Exelis business pursuits here.”

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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