exelis inc (XLS) Key Developments
Exelis Inc. Declares Cash Dividend for the Second Quarter of 2015, Payable on July 1, 2015
May 13 15
The Board of Directors for Exelis has declared a cash dividend of $0.1033 per share for the second quarter of 2015. The dividend will be payable on July 1, 2015 to shareholders of record on May 22, 2015.
Exelis and DigitalGlobe, Inc. to Provide Cloud-Based ENVI Earth Science Analytics for DigitalGlobe Geospatial Big Data Platform
May 6 15
Exelis and DigitalGlobe, Inc. have agreed to provide a new commercial offering of cloud-based ENVI earth science analytics for the DigitalGlobe Geospatial Big Data (GBD) platform. The agreement will enable all imagery users and customers of Exelis and DigitalGlobe to easily combine powerful ENVI geospatial analytics with the vast DigitalGlobe image library to solve challenging environmental, natural resource, and global security problems. ENVI software helps users make better decisions regarding mineral exploration, precision agriculture, environmental degradation, national defense. DigitalGlobe’s cloud-based GBD offering is a PaaS (Platform as a Service) model designed to create a new ecosystem in which partners and developers can leverage their expertise and an application programming interface, or API, to create new customer solutions at a global scale.
Exelis Inc. Reports Unaudited Consolidated Earnings Results for the First Quarter Ended March 31, 2015
May 6 15
Exelis Inc. reported unaudited consolidated earnings results for the first quarter ended March 31, 2015. For the quarter, the company reported total revenue of $785 million compared to $748 million a year ago. Operating income was $104 million compared to $69 million a year ago. Income from continuing operations before income tax expense was $95 million compared to $62 million a year ago. Net income was $59 million or $0.31 per diluted share compared to $52 million or $0.27 per diluted share a year ago. Net cash used in operating activities from continuing operations was $17 million compared to $108 million a year ago. Capital expenditures were $8 million compared to $7 million a year ago.
Exelis and FAA-Designated Test Sites to Research the Safe Integration of Unmanned Aircraft into the National Airspace System
May 5 15
Exelis has signed agreements with four Federal Aviation Administration (FAA)-designated unmanned aircraft systems (UAS) Test Sites for airspace situational awareness and research. The research will focus on using the Exelis Symphony® RangeVue sense-and-avoid tool towards safe integration of unmanned aircraft into the national airspace system. Under the terms of the agreements, the Test Sites will gain valuable real-time and historical situational awareness of the range airspace via Symphony RangeVue, while Exelis gains critical product feedback through operational usage. The participating Test Sites are the Pan-Pacific UAS Test Range at University of Alaska Fairbanks, Alaska; the Northern Plains UAS Test Site at University of North Dakota, N.D.; the Northeast UAS Airspace Integration Research Alliance at Griffiss International Airport, N.Y; and the Mid-Atlantic Aviation Partnership at Virginia Polytechnic Institute, Va. The Test Sites receive air traffic control-quality surveillance data, increasing safety and enabling beyond-line-of-site operations, while Exelis gains critical product feedback which will be used to shape and validate service offerings.
Exelis, L-3 Partner to Develop Electronic Warfare Solution for U.S. Air Force Special Operations Aircraft
Apr 28 15
Exelis and L-3 Platform Integration are partnering to provide cutting-edge electronic self-protection capabilities for the U.S. Air Force Special Operations Command’s (AFSOC) AC/MC-130J Commando II aircraft. The team’s combined experience in electronic warfare (EW) and platform integration will allow rapid development of a highly advanced yet low-risk solution to protect Air Force special operations aviators from the evolving radio frequency threats they face in their global missions. Work on the pursuit will be performed at the Exelis facility in Clifton, New Jersey, and at L-3 Platform Integration in Waco, Texas. Exelis provides advanced, integrated EW solutions to protect and enable domestic and international customers to perform their critical missions. Work on the pursuit will be performed at the Exelis facility in Clifton, New Jersey, and at L-3 Platform Integration in Waco, Texas. Exelis provides advanced, integrated EW solutions to protect and enable domestic and international customers to perform their critical missions.