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exelis inc (XLS) Key Developments

Exelis Releases CorvusEye Airborne System Nighttime Infrared Imagery

Exelis released the first nighttime imagery taken by the CorvusEye 1500 wide-area airborne system. The image, taken using a mid-wave infrared (IR) sensor, depicts cars and pedestrians in downtown Rochester. From an altitude of 15,000 feet over a one-square-mile area of Rochester, the nighttime picture shows a level of detail and context unavailable with comparable systems. Exelis launched the IR sensor in October 2014 as a companion to the daytime electro-optical sensor released in May. Now, CorvusEye offers full 24/7 airborne surveillance capability for a variety of commercial and government applications. The CorvusEye system is an example of a product Exelis offers as part of its strategic focus on intelligence, surveillance, reconnaissance and analytics. The CorvusEye system complements traditional video surveillance systems and captures high-resolution, visible color and IR motion imagery during the day and night over a wide area up to 1.24 miles in diameter. It can track movement that may be connected to potentially hazardous or illicit activity. At 15 inches in diameter and weighing less than 95 pounds, the CorvusEye turret and sensor package can fit on most mid-size unmanned and manned aircraft and uses standard interfaces to swap into virtually any 15-inch airframe mounting location. CorvusEye provides real-time processing and is exportable to many military, intelligence and security customers around the world.

Exelis Receives $7.6 Million Contract

Exelis has received orders valued at $7.6 million from ADS Inc. on behalf of the U.S. Department of Defense through the Defense Logistics Agency (DLA) Tailored Logistics Support (TLS) program to provide mission command on-the-move systems. The systems will be used for undisclosed worldwide deployments. Called Global Network on the Move-Active Distribution, or GNOMAD, the system provides a broadband, satellite communication (SATCOM) on-the-move (SOTM) networked command and control connectivity. With GNOMAD, Exelis delivers a combat-proven, modular, reliable communications system that fully integrates into a variety of armored combat vehicles, commercial SUVs, and military platforms of all descriptions. This delivery of GNOMAD systems also includes ground station satellite hubs, training and installation services and the ability to leverage commercial Ku satellite services and, once certified, X Band satellite services on the DoD Wideband Global SATCOM (WGS) Constellation. The SR300X is beginning WGS certification and the SR-300Ka will be available to begin WGS certification in the spring of 2015. At only 28 pounds, the SR-300 series antenna can be removed and replaced in less than 10 minutes providing increased flexibility on the battlefield. Production for this contract will be accomplished at the Exelis facility in Fort Wayne, Indiana, with deliveries completed by March 2015.

Exelis Showcases Integrated Night Vision ISR and Data Analytics Capabilities at IDEX 2015

Exelis will display a diverse array of its advanced, affordable and ready now technologies and solutions at IDEX 2015 on Feb. 22-26 in Abu Dhabi, UAE, located at booth 03-A07, U.S. Pavilion. Exelis provides its customers with competitive, affordable and customized solutions. As global defense and security concerns continue to expand and evolve, Exelis is also developing and deploying tools to protect critical information and enable real-time actionable, intelligence to support its international allies’ missions. The Exelis booth will feature key networked communications solutions, integrated night vision technology and intelligence, surveillance, reconnaissance and data analytics: The individual soldier system, the CorvusEye, white phosphor capability, enhanced high capacity data radio, integrated protection and transmission systems, the newly upgraded SpearNet™ EVO, and tactical mobility.

Exelis Wins $10.7 Million Contract

Exelis Inc. won a $10.7 million contract by the Defense Advanced Projects Research Agency (DARPO) to develop a next-generation chip for airborne radio applications. The new chip will improve the security and jam-resistance of airborne radio communications and introduce a new architecture called 'interface awareness', which will improve the standardization of radio systems and allow radio components to be re-engineered without the need to develop entire systems.

Exelis Inc. Declares Cash Dividend for the First Quarter of 2015, Payable on April 1, 2015

The Board of Directors for Exelis has declared a cash dividend of $0.1033 per share for the first quarter of 2015. The dividend will be payable on April 1, 2015 to shareholders of record on March 13, 2015.


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